Hanwha Q CELLS Puts Into Operation 8.1 MW Tower Hill Solar Park and has 53 MW of Operating PV Plants in UK

SEOUL, South Korea, June 9, 2015 /PRNewswire/ -- The world´s new solar power leader, Hanwha Q CELLS (NASDAQ:HQCL), has put the 8.1MW "Tower Hill" solar farm into operation in South Gloucestershire, in the Southwest of England. Hanwha Q CELLS, owner of the project rights for the Tower Hill farm, managed the EPC (Engineering, Procurement, Construction) and will be responsible for O&M (Operations & Maintenance). Only eight weeks after construction started in January 2015, the solar farm was fully constructed, grid connected and put into operation in March 2015 – on time to operate under the 1.4 ROC scheme. Thus, Hanwha Q CELLS is adding the Tower Hill PV plant to its portfolio of self-owned, successfully built and operating solar power plants in the United Kingdom, which now adds up to a total of 53 MW.

30,650 modules constructed and grid-connected in only 8 weeks due to modular construction method

The 8.1MW Tower Hill solar park is comprised of around 30,650 of Q CELLS' high quality Q.PRO-G3 PV modules with power classes of 265W. The park has been built in Hanwha Q CELLS´ modular construction scheme, which enables faster construction and grid connection and thus earlier returns on investment. The park is expected to produce around 8 MWh of clean energy per year, enough to power more than 2.400 average households in England. Thus the park will save approximately 4.100 tons of carbon dioxide per year. 

Utility scale solar power plants remain attractive in the UK – with experienced partners

Mauro Di Fiore, Vice President Global EPC / Utility at Hanwha Q CELLS said: "We are very happy to add the Tower Hill solar park to our portfolio of timely built, successfully operating and fully owned PV parks in the UK, which now total 53 MW. This latest park further evidences that Hanwha Q CELLS is the right partner for reliable power plant solutions that pay off."

About Hanwha Q CELLS

In February 2015 Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) emerged as a new global solar power leader from combining two of the world´s most recognized photovoltaic manufacturers, Hanwha SolarOne and Hanwha Q CELLS. The combined company is listed on NASDAQ under the trading symbol of HQCL. It is headquartered in Seoul, South Korea, (Global Executive Headquarters) and Thalheim, Germany (Technology & Innovation Headquarters) and is the world's largest solar cell manufacturer as wells as one of the largest photovoltaic module manufacturers. Due to its diverse international production setup including facilities in China, Malaysia and South Korea, Hanwha Q CELLS is in the unique position to flexibly address market needs globally, even including certain key markets with import tariffs, such as the USA and the European Union. Based on its well respected "Engineered in Germany" technology, innovation and quality, Hanwha Q CELLS offers the entire range of outstanding photovoltaic products, applications and solutions, from modules to kits to systems to large scale solar power plants. The combined company is also engaged in downstream development and EPC business. 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 partnership to its customers in the utility, commercial, government and residential markets. Hanwha Q CELLS is a flagship company of Hanwha Group, a Top-Ten business enterprise in South Korea. For more information, visit: http://investors.hanwha-qcells.com/

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.

SOURCE Hanwha Q CELLS Co., Ltd.

Related Links

http://investors.hanwha-qcells.com

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