NEWS

2018.07.09

Synergy between Q.PARTNER network of Hanwha Q CELLS and Smart Partner of VP Solar continues to grow

  • Hanwha Q CELLS and VP Solar have defined an agreement to increase the synergies between the networks of their professional installers
  • Q CELLS’ Q.PARTNER and VP Solar’s Smart Partner network will bring together solar installers in Italy​

 

[Berlin, Germany, July 9, 2018] Hanwha Q CELLS GmbH, the German subsidiary of Hanwha Q CELLS Co., Ltd., one of the world’s largest manufacturers of solar cells, has defined an agreement to strengthen its presence in the Italian solar market by increasing its synergies with leading distributor, VP Solar.

 

Hanwha Q CELLS’ Q.PARTNER network, founded in 2016, now includes approximately 200 certified installers of photovoltaic systems and energy systems throughout Italy that, as authorized Hanwha Q CELLS partners, get access to various initiatives and commercial facilities, including the Q.PARTNER Portal, which is a support tool with a dedicated planning tool for PV systems as well as promotional material. The network also offers Q.PARTNERs invitation to special training sessions and access to in-depth commercial reports. Q.PARTNERs also benefit from leads in C&I business, which they can get directly from Hanwha Q CELLS.

 

The Smart Partner network (www.smartpartner.it), initiated and coordinated by specialized distributor VP Solar, was established in 2013. In the past five years it has become a vital component of the Italian solar market, with more than 500 installers actively participating. Installation companies interested in free access to the Smart Partner Network can apply for access to dedicated training courses, exclusive innovative technologies, and opportunities for entrepreneurial growth such as lead generation.

 

Win-win networks for installers in Italy

 

The synergies between the two installer networks allow installers to benefit from many advantages. This is a result of the agreements between Hanwha Q CELLS, a leading producer of solar modules and storage systems, and VP Solar, which provides products and services to Italian and international resellers and installers.

 

The challenges facing solar in the current hypercompetitive Italian environment require a new way of understanding the importance of collaboration. Within the industry, it is more vital than ever to  rethink how PV products and services can deliver the greatest value-added creation for all players involved, including producers, suppliers, and of course, installers.

 

“This synergy between manufacturer and distributor aims to make all of the companies that collaborate with Hanwha Q CELLS and VP Solar an integral part of a strong and determined group that aims to become a pivotal member of Italy’s photovoltaic market,” said Alberto Nadai, Area Sales Manager of Hanwha Q CELLS.

 

"We think that the photovoltaic market in Italy requires quality projects, designed to satisfy long-term customer expectations,” added Stefano Loro, founder and CEO of VP Solar. “With this strong synergy between Hanwha Q CELLS and VP Solar, I think we can offer the best solutions to Italian installers under really competitive conditions. The expectation for large photovoltaic systems, from 100 kW up to 1 MW and beyond, is very interesting right now.”

 

For commercial PV systems, installers can offer solutions with high-efficiency polycrystalline and monocrystalline Q CELLS modules. In particular, a promotion was formulated for the Q.PEAK DUO-G5 mono modules, which offer particularly high performance on small surfaces.

 

Using an innovative six-bus bar system, the Q.ANTUM DUO technology combines half-cut cells with state-of-the-art round wire connection technology in order to achieve extraordinary efficiency in real conditions. This technology works both in the presence of reduced irradiation and on warm sunny days with clear skies.

 

Hanwha Q CELLS’ focus on quality is also a core characteristic of VP Solar, which maintains these standards across the entire value chain, including inverters with or without optimizers, through to durable and competitive wiring and assembly systems.

 

VP Solar also provides dedicated financing solutions for its customers, and also offers a technical and commercial evaluation service for revamping works on Energy Contour plants, where it is necessary to identify which improvements to apply in order to receive the expected benefits.

 

About Hanwha Q CELLS

Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL) is one of the world's largest and most recognized solar photovoltaic producers for its high-performance, high-quality solar cells and modules. It is headquartered in Seoul, South Korea (Global Executive HQ) and Thalheim, Germany (Technology & Innovation HQ) with its various international production facilities in Malaysia, South Korea and China. Hanwha Q CELLS offers a whole range of products, applications and photovoltaic solutions, from modules to kits to systems up to large solar power plants. Through its expanding global business network in Europe, North America, Asia, South America, Africa and the Middle East, the company provides excellent services and long-term partnerships to its customers in utility, commercial, government and residential markets. Hanwha Q CELLS is a leading company of Hanwha Group, a FORTUNE Global 500 company and one of the top 8 companies in South Korea. For more information, visit: www.hanwha-qcells.com.

 

VP Solar is a B2B distributor of energy solutions, such as photovoltaic systems, storage and charging of electric cars, which operates since 1999 in international and Italian markets. It was founded by Mr. Stefano Loro who still runs the company. VP Solar offers quality products and services to resellers and installers who appreciate professionalism and price competitiveness.

 

Safe-Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Hanwha Q CELLS’ operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Further information regarding these and other risks is included in Hanwha Q CELLS filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, Hanwha Q CELLS does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

 

Contact: Hanwha Q CELLS GmbH

Corporate Communications

Jochen Endle, Ian Clover

Tel: +49 (0)3494 6699 1012

Email: presse@q-cells.com



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