- Official ground-breaking ceremony attended by Turkish Prime
Minister Binali Yildirim and
Minister of Energy and National Resources Berat Albayrak on Thursday, December 21, 2017.
- 500 MW of fully integrated photovoltaic manufacturing facility
together with on-site R&D center
- Solar modules from the manufacturing facility to equip 1,000 MW
YEKA solar power plant in Turkey
ANKARA, Turkey, Dec. 22, 2017 /PRNewswire/ -- Hanwha Q CELLS Co.,
Ltd. ("Hanwha Q CELLS" or the "Company") (NASDAQ: HQCL), one of the
world's largest photovoltaic manufacturers of high-quality,
high-efficiency solar modules, announced that it held a
groundbreaking ceremony for the construction of 500 MW of fully
integrated photovoltaic manufacturing facility in Ankara, Turkey on December 21, 2017.
The new production facility is result of the Karapinar Renewable
Energy Resource Area ("YEKA") tender, which the Turkish government
had awarded to the consortium of Hanwha Q CELLS and Kalyon Enerji
in March 2017. In addition to the
manufacturing facility, Hanwha-Kalyon joint venture will also
establish on-site R&D center to carry out various R&D
projects in solar technology. The manufacturing facility will be
fully integrated from ingot, wafer, cell and module processes, and
once completed, the module produced from this facility will be used
for the construction of the 1,000 MW (AC) solar power plant to be
built in Konya-Karapinar, Turkey,
the largest single-site plant in the world.
Hanwha Q CELLS will implement its proprietary Q.ANTUM high
efficiency solar cell technology. Q.ANTUM technology boosts the
real life yields from a solar system, by applying a passivation
layer on the solar cells back side (PERC), by adding various
technological features, like Hot-Spot Protection and TRA.Q laser
marking and by controlling the various degradation effects (PID,
LID, LeTID). Hanwha Q CELLS has vast experience in the PERC cell
technology and reached the milestone of 1 billion mass production
of Q.ANTUM solar cells in the summer of 2017.
"Today, we lay the foundation for the future of energy
technologies and enrich renewable alternative energy sources in
Turkey," says Turkish Prime Minister Binali Yildirim. "YEKA project is one of the
most ambitious energy projects in the world today, and can only be
realized by high competencies and expertise by Hanwha Q CELLS, a
global leader in solar power, and Kalyon, a leader in construction
and infrastructure projects."
Seongwoo Nam, CEO of Hanwha Q
CELLS said "Hanwha Q CELLS is proud to be joining forces with the
government of the Republic of Turkey and Kalyon Enerji. We will contribute
our manufacturing expertise as well as our technology leadership.
We are fully committed to execute this YEKA project successfully
leveraging combined competencies of Hanwha Q CELLS and Kalyon
Enerji and to make it an important milestone on Turkey´s path
towards sustainable energy supply for the people of Turkey."
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, South
Korea 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 partnership to its customers in
the utility, commercial, government and residential markets. Hanwha
Q CELLS is a flagship company of Hanwha Group, a FORTUNE Global 500
firm and a Top 8 business enterprise in South Korea. For more information, visit:
www.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.
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SOURCE Hanwha Q CELLS Co., Ltd.