SEOUL, South Korea | HANWHA —
Hanwha Q CELLS announced a new solar module supply agreement with Sunrun, the largest dedicated residential solar company in the U.S. Through the partnership, a subsidiary of Hanwha Q CELLS will provide Sunrun with 50 MW of solar modules beginning this year.
The cells and modules will be manufactured from Hanwha Q CELLS’ fully automated and efficient diversified global manufacturing facilities, including production in South Korea starting in 2016.
“Sunrun is pleased to partner with Hanwha to give U.S. consumers the choice to power their homes with clean solar energy,” said Mr. Paul Winnowski, chief operating officer of Sunrun. “We selected Hanwha as a trusted partner because of their high quality modules and service, which will continue to advance Sunrun’s mission of making solar more accessible and affordable for homeowners.”
Mr. Justin Lee, President of Hanwha Q CELLS America said, “Our modules possess the quality and high-efficiency characteristics that Sunrun requires for its customers,” Mr. Lee also added, “This contract, combined with other previously announced supply agreements, has further strengthened our position as one of the leading suppliers of solar modules to the U.S. market.”
“This supply agreement follows Hanwha Q CELLS’ recent successful combination with Hanwha SolarOne Co., Ltd. to form a global leader in solar power and further validates the financial stability, advanced technology, and manufacturing leadership of the new company”, Mr. Lee concluded.
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 well 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.