Hanwha Q CELLS USA Premieres as Leading Downstream Solar Company

Turnkey Solar solution provider to build 42.5 MW project in Ontario, Canada for Fiera Axium Infrastructure
 
SAN FRANCISCO - July 9, 2013 - PRLog -- Santa Clara, Calif., July 9, 2013—Hanwha Solar Energy America and Q.CELLS North America have merged, launching Hanwha Q CELLS USA. The new company combines Q.CELLS’ track record of downstream excellence with Hanwha’s financial strength to form a leading provider of turnkey solar systems. The new company closed last week on contracts to build the 42.5 megawatts (MW) Ontario Solar Photovoltaic Farm (OSPVF) project in Ontario, Canada for Fiera Axium Infrastructure. Hanwha Q CELLS USA has built more than 110 MW of projects in North America to date.

“Hanwha Q CELLS is the leading provider of turnkey solar systems in North America,” said Mark Bronez, President, Hanwha Q CELLS USA. “Merging the talent and resources of the two solar companies creates a downstream infrastructure with full vertical integration of project development, Hanwha financing, Q CELLS modules and technologies, EPC, and O&M services.  This enables us to provide solar energy at the lowest levelized cost of electricity to utility, corporate, and public agency customers.”

Fiera Axium Infrastructure Canada II LP, an infrastructure fund, will own the OSPVF projects, located across four sites in Ontario, Canada. OSPVF is a shining example of the synergies of the Hanwha network.  Hanwha Canada Development, a wholly owned subsidiary of Hanwha Engineering and Construction Company, is the general engineering, procurement and construction (EPC) contractor, with work performed by Hanwha Q CELLS USA. Hanwha Solar Canada is providing high quality, Ontario made modules using Hanwha Q CELLS solar photovoltaic (PV) cells. Construction is set to begin in July of this year and is expected to be completed in early 2014. Once completed, the solar system will supply up to 50 gigawatt hours (GWh) of electricity per year, enough energy to power 5,000 average Ontario households, reducing the province’s carbon footprint by 25,000 tons.

“Hanwha Q CELLS USA is an ideal project partner, combining the solar legacy of Q.CELLS with the international strength of Hanwha,” said Juan Caceres, Senior Vice President, Fiera Axium Infrastructure. “Hanwha Q CELLS USA’s turnkey solution enables maximum results with regard to energy yield and performance, reduces our risk, and protects our investment.”  

The OSPVF project will utilize the innovative Q.MEGA standard block for large solar power plants. This system was used in a project that has been selected as a 2013 Intersolar Award Finalist. The Q.MEGA 1.4 MWp DC PV system block is set up in a standardized, cascading layout, optimizing and accelerating project construction, and significantly reducing the installation time. A completed Q.MEGA block can feed electricity into the grid while other blocks are still being installed. This flexibility and high degree of standardization minimizes cost. Q.MEGA features Triple Yield Security, which includes anti-PID technology, hot spot protection and solar cell quality tracking.

Hanwha Q CELLS USA oversees the entire project management for Q.MEGA systems from the planning stage through the final grid connection. Hanwha Q CELLS USA will offer a full array of services including financing, development, design, construction, modeling, system solutions and operations & maintenance (O&M).

CONTACT:     

Jeffrey Juger, Hanwha Q CELLS USA
Marketing & Product Manager
Phone: (408) 841-4232
Email: jeffrey.juger@hqamericas.com


North American Contact
Dan Klempay, Edelman
Phone: (650) 762-2948
Email: dan.klempay@edelman.com    


About Fiera Axium Infrastructure Inc.
Fiera Axium Infrastructure Inc. is an independent portfolio management firm dedicated to
generating long-term investment returns through investing in core infrastructure assets. Focus
is placed on assets that are supported by robust market demand, under long-term contract with
creditworthy counterparties, within concession-based structures or under a regulated
framework. The firm combines the capabilities of a group of professionals with extensive
infrastructure development and management backgrounds, with the fund management
expertise of one of Canada’s leading independent fund managers in Fiera Capital Corporation
(TSX: FSZ). Its management team comprises infrastructure investment specialists with decades
of combined experience acquiring, developing, financing, operating and managing infrastructure
assets. Fiera Axium Infrastructure is jointly controlled by Fiera Capital and Axium Infrastructure
Management. For more information on Fiera Axium Infrastructure, please visit its website
www.fieraaxium.com

About Hanwha Q CELLS
Hanwha Q CELLS is part of the South Korean Hanwha Group and one of the world’s leading photovoltaics companies and offers a wide range of photovoltaic solutions, from solar cells and modules to solar power plants. Hanwha Q CELLS products are developed and manufactured at its headquarters in Thalheim (Germany) and marketed via its global sales network. It also has a second production plant in Malaysia. The close links between R&D and production enable Hanwha Q CELLS to rapidly translate innovation into mass production - and underpin its ambition to be at the forefront of photovoltaic technology. For more information, please visit: www.q-cells.us.

About Hanwha Group
Hanwha Group, founded in 1952, is one of the largest business enterprises in South Korea and a FORTUNE Global 500 company with 52 domestic affiliates and 90 global networks in three major sectors: manufacturing and construction, finance, and services and leisure. With a 60-year track record of industrial leadership, Hanwha’s manufacturing and construction businesses encompass a broad range of fields from basic chemicals and advanced materials to property development and total solar energy solutions. The finance network, covering banking, insurance, asset management and securities, is the second largest non-bank finance group in South Korea. The services and leisure sector offers premium lifestyle services with retail and resort businesses. For more information, visit www.hanwha.com.
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