Hanwha Q CELLS homes in on Irish residential PV market as government launches solar grant program
- Ireland’s new microgeneration scheme offers homeowners grants of €700 for every kWp of home solar installed
- Additional grant of €1,000 for solar systems larger than 2 kWp that are paired with a battery storage system
- Hanwha Q CELLS’ Q.PEAK DUO-G5 module series available across Ireland via the Q.PARTNER network as well as local distributor Heat Merchants
- Q.HOME+ ESS-G1 all-in-one storage solution soon to be introduced to the Irish market
[Berlin, Germany, August 24, 2018] Hanwha Q CELLS GmbH ("Hanwha Q CELLS"), the German subsidiary of one of the largest solar cell manufacturers in the world, Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL), is primed to meet an anticipated increase in demand for solar and storage solutions in Ireland following the government’s welcome decision to introduce cash grants for homeowners eager to embrace PV.
Announced in late July, Ireland’s government has backed a new approval under the country’s Renewable Energy Support Scheme (RESS) that will make homeowners who wish to install solar PV systems on their rooftops eligible for generous grants.
The grants will be funded by Ireland’s Department of Communications, Climate Action and Environment, with national renewable energy body – Sustainable Energy Authority of Ireland (SEAI) – responsible for the administration of the scheme.
Homeowners who live in properties built and occupied before 2011 can apply to the SEAI for a grant, which is paid at €700 for every kilowatt peak (kWp) of solar PV capacity installed, up to a maximum of 4 kWp. Should a homeowner opt for a solar array over 2 kWp, the scheme states that it must be paired with a battery storage system, for which an additional €1,000 grant is available. Those homeowners interested in receiving these grants must first have their installation completed by a registered installer in Ireland before claiming the cash.
The RESS scheme will release the first set of funds in October this year, and is due to be reviewed at six-month intervals until 2020.
Boosting microgeneration to accelerate Ireland’s clean energy future
The Irish government’s policy of creating a band of residential prosumers will hopefully play a pivotal role in strengthening the nation’s renewable energy future. Although not renowned for its sunny weather, PV has a vital role to play in Ireland’s clean energy landscape, and paired with storage, can be a key ingredient in the electricity mix.
Ireland’s current solar capacity is just 10 MW, mostly across private rooftops – a notable figure given the absence of any feed-in tariff (FIT). The government has revealed that the RESS scheme has already attracted more than 1,700 submissions for grants, which suggests a strong appetite for residential solar in Ireland.
To meet this anticipated growth in demand, Hanwha Q CELLS has developed a strong network of Q.PARTNERS in Ireland, developed with local distributor Heat Merchants to ensure that homeowners interested in solar can have their demands, needs and questions met by teams of dedicated professionals.
Hanwha Q CELLS solar modules available in Ireland include the latest in half-cut cell technology – the Q.PEAK DUO-G5 modules, which boast high yields over small surface areas and in low-light conditions: an ideal combination for the rooftop spaces of Ireland. Also planned for introduction into the Irish market is the Q.HOME+ ESS-G1 energy storage system, which is an all-in-one solution that comprises an inverter, battery and energy management system and is available in three sizes – 3.6 kWh, 5.5 kWh, and 8.0 kWh.
Sean Collier, Head of Sales for UK and Ireland Hanwha Q CELLS, said, “Ireland has been consulting for many months now about the introduction of a grant support scheme for solar microgeneration, and we at Hanwha Q CELLS are pleased that such an important policy has now been enacted.
“The Irish government’s consultation found that, based on applications for grid connection, Ireland has a PV pipeline of 6 GW – of which over 1 GW would be earmarked for distributed rooftop generation. Hanwha Q CELLS has long earmarked the Irish solar market as one to watch, and we are confident that we can help meet public demand for PV across the country – demand that we expect to rise following the introduction of the RESS.”
About Hanwha Q CELLS
Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) is one of the world´s largest and most recognized photovoltaic manufacturers 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 diverse international manufacturing facilities in Malaysia and China. Hanwha Q CELLS offers the full spectrum of photovoltaic products, applications and solutions, from modules to kits to systems to large-scale solar power plants. Through its growing global business network spanning Europe, North America, Asia, South America, Africa and the Middle East, the company provides excellent services and long-term partnerships to its customers in the utility, commercial, governmental and residential markets. Hanwha Q CELLS is a flagship company of Hanwha Group, a FORTUNE Global 500 firm and a Top 10 business enterprise in South Korea. For more information, visit: http://www.hanwha-qcells.com.
Heat Merchants Group is based in Waterford, Ireland, and is a renewable energy specialist with a deep knowledge of the Irish energy landscape.
Tel: 00353-9064-24000 E-Mail : email@example.com
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.
Hanwha Q CELLS GmbH
Jochen Endle, Ian Clover
Tel: +49 (0)3494 6699 10121