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  • Q CELLS acquires project rights for 16.8 MW solar capacity in Poland

    Jul 25, 2019 12:00:00 AM

  • The EPC division of Q CELLS in June acquired 20 individual ground-mounted solar plants from Poland’s third round of renewable energy auctions, held in November 2018.

    [Berlin, Germany, July 25, 2019] Q CELLS (or the “Company”), one of the largest solar cell and module manufacturers in the world, has acquired project rights of 20 ground-mounted solar plants in Poland with a cumulative capacity of 16.8 MW.

    In June, Q CELLS signed the contracts to construct, connect, and operate the 20 solar projects that were awarded from the third round of Polish renewable energy auction, held in November 2018 by the nation’s energy regulator, Energy Regulatory Office (URE).

    The regulations for this third round of auction stipulate that each renewable energy project must not exceed 1 MW in size and must have begun selling the electricity produced onsite within 18 months from the publication date confirming that the projects were awarded at auction.

    Q CELLS is planning to finalize all construction works by the end of 2019, ensuring ample time to put in place all appropriate electricity licenses with the relevant distribution network operators (DNOs) in order to be eligible for the monthly feed in tariff (FIT).

     

    Projects boost Q CELLS’ Polish PV presence

    The 20 new solar projects that have been acquired by Q CELLS are spread throughout Poland, with the bulk of new installations located in the north and northeast of the nation’s capital, Warsaw. Once completed, this additional 16.8 MW solar capacity will take the Company’s developed PV presence in Poland to beyond 70 MW.

    Currently, Q CELLS’ EPC division owns  a cumulative capacity of 56 MW of solar plants in Poland. Furthermore, Q CELLS ended 2018 as one of the market leaders in Poland with more than 55 MW in shipments, and the Company is determined to continue strengthening its position in this growing market

    Mauro Di Fiore, Vice President of Global EPC/Utility for Q CELLS, said: “We are pleased to have been able to acquire these additional projects in Poland. Such deals demonstrate how well our product range is received in the Polish market, and how competitive we are as an EPC player.

    “Q CELLS has already gained a great deal of key insights from the projects that we have already implemented in Poland – insights that will now stand us in good stead as we develop this next round of new projects. Q CELLS is now one of the most prominent players in Poland’s solar industry.”

    Beyond Poland, Q CELLS’ EPC division is also increasingly active in a number of maturing and dynamic solar markets across Europe, including Spain and Ireland.

     

    About Q CELLS

    Q CELLS 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 the U.S., Malaysia, China, and South Korea. Q CELLS offers the full spectrum of photovoltaic products, applications and solutions, from cells and 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, Q CELLS provides excellent services and long-term partnerships to its customers in the utility, commercial, governmental and residential markets. For more information, visit: http://www.q-cells.com.

     

    Safe-Harbor Statement

    This press release contains forward-looking statements. 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 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. Except as required by law, 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.

     

    Contact:

    Hanwha Q CELLS GmbH

    Corporate Communications

    Jochen Endle, Ian Clover

    Tel: +49 (0)3494 6699 10121

    E-mail: presse@q-cells.com

  • Q CELLS to Launch Latest All-Black Half-Cell Module with 25-Year Warranty to U.S. Market

    Jul 22, 2019 12:00:00 AM

    • The new iteration of the award-winning Q.PEAK DUO module range is manufactured with larger cells with a power output increase of about 6% to be launched in September 2019.
    • The Q.PEAK DUO BLK-G6+ will be available in the U.S. with a 25-year product warranty and is assembled in America at Q CELLS’ Dalton, Georgia facility.
    • Launching the Q.PEAK DUO BLK-G6+ will help strengthen Q CELLS’ residential leadership position, confirmed by Wood Mackenzie, which ranks Q CELLS as the leading residential module provider.

    [Irvine, United States, July 19, 2019] Q CELLS (or “the Company”), one of the largest solar cell and module manufacturers in the world, has announced that it will launch its new solar module, the Q.PEAK DUO BLK-G6+, into the U.S. market in September 2019. The Q.PEAK DUO BLK-G6+ module, which boasts all-black facade for superior aesthetics and an extensive 25-year product warranty, is the new iteration of the popular and award-winning Q.PEAK DUO solar modules series.

     

    A broader portfolio for a broadening market

    This latest version of Q CELLS’ half-cell monocrystalline solar module range is manufactured with larger cells which boast dimensions of 161.70 mm (as opposed to the 156.75 mm cell dimensions found in the G5 range). These larger cells help each module deliver up to 6% more power, meaning that the 120 cell Q.PEAK DUO BLK-G6+ version can deliver up to 345 Wp. The product is also assembled at Q CELLS’ Dalton facility located in Georgia, U.S., the largest solar module manufacturing facility in the western hemisphere.

    The Q.PEAK DUO BLK-G6+ solar module is an ideal solution for the U.S. residential solar market. The product also boasts optimized shading behavior, which is a vital feature for many rooftop installations. The upper and lower sections of the module can operate independently, reducing the impact of shading and thereby increasing energy yields. With the contribution of this function, the Q.PEAK DUO BLK-G6+ can generate much more power, especially on residential as well as commercial and industrial (C&I) rooftops.

    The Q.PEAK DUO BLK-G6+ also offers long-term reliability with a 25-year product warranty and one of the lowest degradation rates in the industry, which guarantees 85% initial performance in the 25th year. Furthermore, the module is manufactured using Q CELLS’ patent-protected passivation technology, which is a key ingredient in the Company’s Q.ANTUM Technology. Additional cutting-edge technological and security features of Q.ANTUM Technology include excellent Anti LeTID (light and elevated temperature induced degradation), Anti LID (light induced degradation), and Anti PID (potential induced degradation) performance, as well as Hot-Spot Protect and traceable quality with Tra.Q laser identification to protect against counterfeiting.

    Hee Cheul (Charles) Kim, CEO of Q CELLS, remarked: “The Q.PEAK DUO BLK-G6+ represents yet another step towards more accessible and reliable solar power for all, due to its higher output and 25-year product warranty. We are equally excited about the opportunity to produce this higher performing module at our new Dalton facility in Georgia, and look forward to better serving the American market with U.S.-assembled products.”

     

    Q CELLS continues to earn market leadership to date

    Q CELLS was recently recognized by leading energy research and consultancy firm Wood Mackenzie Power & Renewables (“Wood Mackenzie”) as the number one residential module provider in the industry for Q1 2019, according to data from its Q2 2019 U.S. PV Leaderboard report, following its residential market leadership in 2018.

    Wood Mackenzie’s U.S. PV Leaderboard is a quarterly report that publishes the market share of various players within the solar industry, including installers, financiers, inverter manufacturers, and module manufacturers. Q CELLS tops the list for 2019 YTD with 27% market share in the residential module sector, for 2018 with 14.5% residential market share.

    Hee Cheul (Charles) Kim added: “Securing top residential market share in the U.S. is a testament to our growing brand recognition built by dedicated customers and partners. With our premium modules assembled in the U.S., Q CELLS will continue its quest to deliver top-quality products and services to the American market.”

     

    About Q CELLS

    Q CELLS 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 the U.S., Malaysia, China, and South Korea. Q CELLS offers the full spectrum of photovoltaic products, applications and solutions, from cells and 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, Q CELLS provides excellent services and long-term partnerships to its customers in the utility, commercial, governmental and residential markets. For more information, visit: http://www.q-cells.com.

     

    Safe-Harbor Statement

    This press release contains forward-looking statements. 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’s 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. 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.

     

    Contact:

    Hanwha Q CELLS America Inc.

    Marketing

    E-mail: media@us.q-cells.com

  • Q CELLS supplies low-carbon modules to 4.5 MW solar plant in France

    Jul 17, 2019 12:00:00 AM

  • The largest ground mounted solar plant in France’s Brittany region was connected to the grid in early July, powered by 14,600 Q.PEAK-G4.2 solar modules – supplied by Q CELLS.

    [Berlin, Germany, July 17, 2019] Hanwha Q CELLS GmbH ("Q CELLS" or “The Company”), the German subsidiary of one of the largest solar cell and module manufacturers in the world, has supplied its award-winning and certified low-carbon Q.PEAK-G4.2 305 W solar modules to a large ground-mounted solar farm in western France.

    Situated in the commune of Baud in France’s Brittany region, the 4.5 MW solar plant was officially inaugurated and connected to the central grid on July 8. Comprising 14,592 solar modules from Q CELLS, the solar farm is the largest single ground-mounted PV installation in Brittany, and was developed by local French renewable energy company Quadran.

    Q CELLS was identified as an ideal module supply partner for the project, having secured a carbon footprint (CFP) certification of 300 kg-eq/CO²/kWc for its Q.PEAK module range earlier this year.

    Such CFP certifications on solar modules are a requirement mandated by the French government in order to ensure that renewable energy growth is as environmentally friendly as possible. In order to be permitted to participate in France’s renewable energy tenders, developers must utilize only those solar components that possess CFP certification.

     

    A shining achievement for Brittany

    The 4.5 MW solar plant’s developer, Quadran, in early July hosted a well-attended even to mark the inauguration of the installation, which is located at Quinipily in Baud, Morbihan.

    Interest in the solar farm is high for a number of reasons. As the largest such array in Brittany, covering seven hectares, the 4.5 MW solar plant will meet the annual electricity consumption needs of 4,400 local inhabitants, while offsetting emissions of 1,710 tonnes of C02 each year.

    Furthermore, some 40% of the installation’s costs were crowdfunded by citizen financing – which ensures that offtaker EDF will pay an additional €3/MWh of power produced.

    Maengyoon Kim, Head of EU Sales at Q CELLS, said: “The entire project at Quinipily is a wonderful achievement, and a testament to the desire of local citizens and the developer Quadran to boost the region’s clean energy footprint. As a leading solar module brand in France, Q CELLS was delighted that its low-carbon solar modules were selected for such a landmark solar farm.”

    Laurent Bodin, director France and Africa sales Q CELLS said: “Q CELLS continues to invest in carbon footprint (CFP) value optimization because we believe that the French model is the most eco-friendly way to participate in the goal of CO² emission reduction for the planet. In addition to the Q.PEAK-G4.2 modules used in the Quinipily installation, our award-winning Q.PEAK DUO range of modules, also boasting a lower CFP value, will be available soon.”

    Baptiste Simon, Lead Project Developer at Quadran, added: “We decided to use Q CELLS’ Q.PEAK-G4.2 solar modules because they combine the necessary low-carbon CFP credentials with excellent performance standards, competitive LCOE and a renowned brand that we are confident will ensure reliable output for the 25+ year duration of the Quinipily plant.”

     

    About Q CELLS GmbH

    Hanwha Q CELLS GmbH is the German subsidiary of Hanwha Q CELLS Co., Ltd. Hanwha Q CELLS GmbH is responsible for the R&D, sale, and installation of a full spectrum of solar components and energy services—from modules and kits to systems,large-scale solar power plants and an energy retail business—across all European markets, as well as Latin America, the Middle East, and North Africa. Hanwha Q CELLS GmbH’s parent company, Hanwha Q CELLS Co., Ltd., has diverse international manufacturing facilities in Malaysia and China.

     

    Safe-Harbor Statement

    This press release contains forward-looking statements. 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. 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.

     

    Contact:

    Hanwha Q CELLS GmbH

    Corporate Communications

    Jochen Endle, Ian Clover

    Tel: +49 (0)3494 6699 10121

    E-mail: presse@q-cells.com

  • Q CELLS earns Top Performer recognition in 2019 PV Module Reliability Scorecard published by PVEL and DNV GL

    Jun 14, 2019 12:00:00 AM

  • The Company’s Q PEAK DUO high performance module series was selected as a Top Performer by PVEL and DNV GL, marking the fourth year in a row in which Q CELLS has attained Top Performer status.

    [Seoul, Republic of Korea, June 14, 2019] Hanwha Q CELLS Co., Ltd. (“Q CELLS” or “the Company”), one of the largest solar cell and module manufacturers in the world, announces today that the Company has been recognized as a Top Performer in the 2019 PV Module Reliability Scorecard, published by PV Evolution Labs (PVEL) in partnership with DNV GL. This is the fourth year in a row that Q CELLS has been selected for this accolade.

    PVEL is one of the world’s leading reliability and performance testing laboratories in the solar industry. As an independent laboratory, PVEL tests PV modules from leading solar manufacturers annually, and publishes the PV Module Reliability Scorecard based on these test results every year. The PV Module Reliability Scorecard is recognized as one of the most comprehensive publicly available PV module reliability test results comparisons, and the title of Top Performer – that is granted to high-ranked companies – is accepted throughout the industry as a reliable mark of high product quality and reliability.

    This year, Q CELLS earned the Top Performer recognition with its Q.PEAK DUO series of high-performance monocrystalline half-cell modules. The Q.PEAK DUO series of modules are  manufactured using the Company’s patent-protected, unique passivation technology, which is a key ingredient in Q.ANTUM Technology. For better product quality and reliability, Q.ANTUM Technology includes additional cutting-edge technological and security features like excellent Anti-LID (light induced degradation) and Anti-PID (potential induced degradation) performance, as well as Hot-Spot Protect and traceable quality with Tra.Q, which is Q CELLS’ unique laser identification to protect against counterfeiting.

    Hee Cheul (Charles) Kim, CEO of Q CELLS, said: “We are pleased to announce that we have once again been recognized as a Top Performer by the leading testing lab PVEL. The very DNA of Q CELLS is rooted in German R&D excellence and a desire to consistently deliver top-quality renewable energy products and services. To contribute to the higher customer value and the growth of the global solar industry, Q CELLS will continue to strive towards even greater excellence in product quality and reliability with all our might.”

    About Q CELLS

    Hanwha Q CELLS Co., Ltd. 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). Together with its affiliates, the Company has diverse international manufacturing facilities in the U.S, Malaysia, China, and South Korea. Q CELLS offers the full spectrum of photovoltaic products, applications and solutions, from cells and 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, Q CELLS provides excellent services and long-term partnerships to its customers in the utility, commercial, governmental and residential markets. For more information, visit: http://www.q-cells.com.

    Safe-Harbor Statement

    This press release contains forward-looking statements. 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 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. Except as required by law, 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.

    Contact:

    Hanwha Q CELLS GmbH

    Corporate Communications

    Jochen Endle, Ian Clover

    Tel: +49 (0)3494 6699 10121

    E-mail: presse@q-cells.com

  • Q CELLS to display broad range of Q.ANTUM DUO modules at SNEC 2019

    May 29, 2019 12:00:00 AM

    • Q CELLS will release its next generation Q.PEAK DUO-G7 solar module, which applies Q CELLS’ advanced Q.ANTUM DUO and 12-bus bar technologies, at the large scale solar trade show in Shanghai, China. Other Q.ANTUM DUO module highlights include a glimpse at the Q.PEAK DUO L-G5.3/BF glass-glass bifacial module and the Q.ANTUM DUO-G6, which is made using larger wafers for higher power output.

    [Shanghai, China, May 29, 2019] Hanwha Q CELLS Co., Ltd. (“Q CELLS” or “the Company”), one of the largest solar cell and module manufacturers in the world, announced today that it will once again participate at the SNEC 2019 PV POWER EXPO, the largest solar trade show in the world, which will be held in China from June 4 to 6, 2019. Q CELLS will exhibit at booth N1-510 a broad range of Q.ANTUM DUO solar modules at the expo, which is renowned for gathering together the industry’s latest technologies, extensive solar products, and integrated PV solutions from all around the world.

    The Chinese solar industry continues to exert a substantial amount of influence on the international solar landscape, helping to cement SNEC’s position as the industry’s foremost solar power event. Immediately after last year’s show, the Chinese National Energy Administration (NEA) announced the 531 policy, which undoubtedly jolted the PV industry. The implementation of the 531 policy indicates the acceleration and determination of China's grid parity process, which many expect will have a significant impact on the global industry.

    However, China still managed to install 44.26 GW of new solar capacity in 2018 according to Bloomberg New Energy Finance (BNEF). This figure, while below initial expectations, still represented approximately 40% of all PV installations for the year. In 2019, the country is forecast to maintain a high volume of PV installations, thanks to the solar FIT preliminary issued by China’s National Development and Reform Commission (NDRC).

    Q CELLS continues to deliver superior quality to China with the Q.PEAK DUO-G7

    At SNEC, Q CELLS will introduce the Company’s next-generation product, the Q.PEAK DUO-G7 solar module, which applies 12-bus bar technology with Q CELLS’ proprietary Q.ANTUM DUO technology. This module delivers outstanding and enduring high performance. The 120 half-cell product can reach a power output of up to 335 Wp as well as an efficiency rate of up to 20.2%. The larger 144 half-cell version can produce up to 405 Wp power output, with an efficiency rate of up to 20.3%. The superior Q.PEAK DUO-G7 series is an ideal solution for all types of solar applications, from residential and commercial and industrial (C&I) to the utility sector.

    Q CELLS’ Q.ANTUM and Q.ANTUM DUO Technology

    Q.ANTUM technology is Q CELLS’ premium technology brand. The Company’s patent-protected and unique passivation technology is a key ingredient in our Q.ANTUM modules. Additional cutting-edge technological and security features of Q.ANTUM Technology include excellent Anti-LID (light induced degradation) and Anti-PID (potential induced degradation) performance, as well as Hot-Spot Protect and traceable quality with Tra.Q Laser Identification, to protect against counterfeiting. Q.ANTUM DUO technology adopts these characteristics in a half-cell architecture, complete with innovative wiring interconnection.

    Q.ANTUM and Q.ANTUM DUO technology ensures that Q CELLS’ modules are able to achieve remarkable output in performance and quality. This pioneering technology is also a firm market favorite, and Q CELLS earlier this month surpassed the production volume threshold of 15 GW of Q.ANTUM solar cells and modules since first commercializing this technology in 2012. This milestone demonstrates Q CELLS’ leadership position in the area of PERC-based technology.

    Besides the Q.PEAK DUO-G7, Q CELLS will also present a number of other advanced Q.ANTUM DUO products at SNEC. The Q CELLS booth (N1-510) will include a prototype of the Q.PEAK DUO L-G5.3/BF – a bifacial, glass-glass monocrystalline solar module, as well as the Q.PEAK DUO-G6, which is manufactured with larger wafers for a power increase of around 6%. Also on display will be the Q.PEAK DUO BLK-G5 all black solar module and the Q.PLUS DUO RSF L-G5.3, which is a multi-crystalline half-cell solar module with an innovative steel frame.

    Q CELLS product and booth highlights at SNEC 2019

    Solar modules

    • Q.PEAK DUO-G5: Q.ANTUM DUO Technology-based monocrystalline half-cell module. Power ratings of up to 335 Wp and efficiency of up to 20.2% for lowest LCOE, Winner of Intersolar Award 2018.

    • Q.PEAK DUO BLK-G5: Boasts an outstanding all-black visual appearance and power ratings of up to 320 Wp. Based on Q.ANTUM DUO Technology and half-cut monocrystalline cells.

    • Q.PEAK DUO-G6: Q.ANTUM DUO Technology-based monocrystalline half-cell module manufactured using larger M4 wafers to deliver power ratings of up to 355 Wp.

    • Q.PEAK DUO-G7: Next-generation half-cell monocrystalline solar module manufactured by Q CELLS using patent-protected passivation technology, a key ingredient of Q.ANTUM.

    • Q.PEAK DUO L-G5.3/BF: A bifacial, glass-glass monocrystalline half-cell module with very high module efficiency of close to 20%, and a bifacial energy yield gain of up to 20%.

    • Q.PLUS DUO RSF L-G5.3: Q.ANTUM DUO Technology-based multi-crystalline half-cell module, using reinforced steel frame, specially designed for large-ground mounted PV stations.

    Booth highlights

    • Production Presentation: The New Q.PEAK DUO-G7: Tuesday, June 4 at 14:00 (Booth N1-510).

    • Vibrant video screens showcasing the Company’s vision and latest products.

    SNEC Website: http://www.snec.org.cn

    About Hanwha Q CELLS

    Hanwha Q CELLS Co., Ltd. and Hanwha Q CELLS & Advanced Materials Corporation (Collectively, “Hanwha Q CELLS”) 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 the U.S, Malaysia, China, and South Korea. Hanwha Q CELLS offers the full spectrum of photovoltaic products, applications and solutions, from cells and 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, Hanwha Q CELLS 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.q-cells.com.

    Safe-Harbor Statement

    This press release contains forward-looking statements. 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. 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.

    Contact:

    Hanwha Q CELLS GmbH

    Corporate Communications

    Jochen Endle, Ian Clover

    Tel: +49 (0)3494 6699 10121

    E-mail: presse@q-cells.com

  • Q CELLS hits new Q.ANTUM cell milestone, announces launch date of new bifacial module

    May 15, 2019 12:00:00 AM

    • More than 15 GW of Q.ANTUM cell capacity has now been produced by Q CELLS. The next step on the Company’s technology roadmap is the new Q.PEAK DUO L-G5.3/BF range, which represents Q CELLS’ first bifacial, glass-glass solar module. Mass production will begin in Q3 this year.

    [Thalheim, Germany, May 15, 2019] Hanwha Q CELLS Co., Ltd. and its affiliate Hanwha Q CELLS & Advanced Materials Corp. (collectively, "Q CELLS" or “The Company”), one of the largest solar cell and module manufacturers in the world, has announced today that it will begin mass production of its new bifacial solar module – the Q.PEAK DUO L-G5.3/BF – in the third quarter (Q3) of this year.

    The first shipments of the Q.PEAK DUO L-G5.3/BF solar module are planned to be delivered to an as-yet undisclosed large ground-mounted solar project in October, with a global commercial rollout of the bifacial modules scheduled for the beginning of 2020.

    This announcement follows a key milestone in the market development of Q CELLS’ technology roadmap. This month, the Company surpassed 15 GW of Q.ANTUM cell and module production volume with the production of the three billionth Q.ANTUM cell. Q CELLS first commercialized the proprietary Q.ANTUM cell technology – a PERC-based module produced using a unique, patent-protected passivation technology – in 2012, and has since enjoyed global success with a range of boundary-breaking Q.ANTUM modules.

    The next step on the Q.ANTUM roadmap is integrating bifacial technology into high-efficiency Q.PEAK DUO modules, which will be ushered into the market by Q CELLS later this year.

     

    Launch of bifacial modules reflects Q CELLS’ commitment to technological progress

    Balancing the inherent energy yield gain offered by bifacial technology with issues regarding cost and durability has been a prime concern for module manufacturers over the past few years. Simply developing bifacial versions of today’s advanced solar cells is only one part of the equation, while market acceptance of the overall benefits of bifacial technology has been allowed to grow organically in the past 24 months.

    While Q CELLS has been equipped with the technology on the R&D level for quite some time, the process of delivering a bifacial solar module to the market has been one of the Company’s careful considerations. The company’s CTO Daniel Jeong said: “Whenever Q CELLS decides to introduce a new product to the market, we want to be sure that, one: the markets demand this type of technology and, two: the product meets the Q CELLS standard of performance and quality, thus actively building upon our brand’s reputation for market-leading quality and innovation to further push the envelope of solar technology.” As a bifacial, monocrystalline half-cut cells manufactured utilizing Q CELLS’ proprietary Q.ANTUM Technology, the new Q.PEAK DUO L-G5.3/BF module does just that, delivering a very high module efficiency of close to 20%, and a bifacial energy yield gain of up to 20%.

    The Q.PEAK DUO L-G5.3/BF is also a double glass (glass-glass) module manufactured with a white grid on the rear-glass for optimal energy harvest, due to a very high front-side power of close to 400 watts. Because of this high front-side power, a bifaciality factor of 70% means a rear-side power of up to 280 W, making the Q.PEAK DUO L-G5.3/BF an attractive proposition for developers seeking high energy yield. This power boost is augmented by the use of a special junction box that has been designed to reduce rear-side shading, and a 35 mm high-tech aluminum alloy frame that not only helps to protect the glass edges and corners from damage, but also makes the module compatible with a wide range of mounting structures.

    The glass-glass composition further ensures that the cells are securely protected, helping to lower the likelihood of cell breakage that can occur when cells bend under mechanical loads. Each glass pane is just 2.0 mm thick, thus ensuring that the module is lightweight, making it easier to install, ship and store. Furthermore, the Q.ANTUM Technology contained within is Q CELLS’ proprietary cell technology, which is based on the Company’s unique, patented passivation technology. All Q.ANTUM cells and modules come with Q CELLS Yield Security, comprising Anti LID, Anti LeTID and Anti PID performance, as well as Hot Spot Protect and the Tra.Q laser marking for traceable quality. Additional features include a six busbar design and round wire interconnection technology, known from the well-established Q.PEAK DUO-G5 series.

    Daniel Jeong added: “The bright future that bifacial solar modules have for so long promised has now advanced upon the industry, and so I am delighted to announce that Q CELLS is poised to release its bifacial, glass-glass solar module to the market. The Q.PEAK DUO L-G5.3/BF module combines Q CELLS’ renowned high quality and performance standards with a bifacial energy yield gain of up to 20%.

    “We believe that a glass-glass module offers the most reliable design choice for bifacial technology, evidenced by the fact that Q CELLS offers an improved 30-year performance warranty for the Q.PEAK DUO L-G5.3/BF module, with a maximum annual performance degradation of 0.5%.”

    Visit the Q CELLS booth (No. A1.270 and A1.180) at Intersolar Europe to find out more.

     

    About Hanwha Q CELLS

    Hanwha Q CELLS Co., Ltd. and Hanwha Q CELLS & Advanced Materials Corporation (Collectively, “Hanwha Q CELLS”) 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 the U.S, Malaysia, China, and South Korea. Hanwha Q CELLS offers the full spectrum of photovoltaic products, applications and solutions, from cells and 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, Hanwha Q CELLS 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.q-cells.com.

     

    Safe-Harbor Statement

    This press release contains forward-looking statements. 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. 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.

     

    Contact:

    Hanwha Q CELLS GmbH

    Corporate Communications

    Jochen Endle, Ian Clover

    Tel: +49 (0)3494 6699 10121

    E-mail: presse@q-cells.com

  • Q CELLS gears up for UK’s attractive post-FIT solar landscape as the market-leading company in 2018

    May 13, 2019 12:00:00 AM

    • Subsidy-free solar is the sustainable face of the UK’s post-FIT landscape, with opportunities abounding across all sectors. Q CELLS, which secured leading module supply market share in UK in 2018, geared up for this exciting journey with a range of new product releases and proactive market engagement as sponsor of the Solar Trade Association’s Rooftop Solar Roadshow.

    [Berlin, Germany, May 13, 2019] Hanwha Q CELLS GmbH ("Q CELLS" or “The Company”), the German subsidiary of one of the largest solar cell and module manufacturers in the world, Hanwha Q CELLS Co., Ltd., secured leading market share in the UK in 2018. And as the market-leading company, Q CELLS assumed the role as one of the leading sponsors for this month’s Rooftop Solar Roadshow, hosted by the UK’s Solar Trade Association (STA) to promote solar opportunities in a subsidy-free era.

    As the UK’s feed-in tariff (FIT) for solar installations came to a permanent close in March, the nation’s PV landscape has begun adapting to a subsidy-free environment. This post-FIT market abounds with opportunities, given the soaring popularity of solar power in the UK, the tumbling costs of solar components, and the growing awareness that renewable energy must play a vital role in tackling climate change.

    These trends were some of the main themes focused on during the STA’s Rooftop Solar Roadshow, of which Q CELLS was one of the main sponsors. The Roadshow toured four major UK cities at the beginning of May, hosting half-day seminars with the aim of supporting Small-to-Medium Enterprise (SME) installers to identify the most optimal ways to operate in the UK’s subsidy-free rooftop PV landscape.

    With 96% of UK homes without a solar array installed, the opportunities are vast for more homeowners to embrace the technology. The STA Roadshow provided insight into how the market can unlock new technologies, equip installers with the best technical know-how and marketing strategies, and ensure best practice in terms of installation, upselling and customer care.

     

    Trust and quality to become key drivers in UK solar

    On May 1, the UK Parliament became the first government in the world to declare a “climate emergency.” This action followed days of intense protest in London by climate action group Extinction Rebellion, as well as a direct appeal by Swedish student and Climate Strike organizer Greta Thunberg to the British government to take firmer action in addressing climate change.

    Hence, the social capital of clean energy has never been higher in the UK. Following the Government’s announcement, the Committee on Climate Change (CCC) published a Net Zero Report that discovered that the UK’s low carbon power generation capacity must quadruple by 2050 if the country is to achieve net zero status by that date.

    Today, the UK has 155 TWh of low carbon power on the grid. This figure should increase to between 540 TWh and 645 TWh by 2050, according to the CCC. Solar power and wind are perfectly poised to account for the lion’s share of that capacity, and with PV already the most popular form of electricity generation among the UK public, expectations are growing that – even without direct government subsidies – the solar market can shine.

    Helping to drive this growth is Q CELLS, which is currently the market leader in the UK according to the latest EuPD Research Global PV InstallerMonitor 2018/2019 survey. The EuPD Research survey also found that Q CELLS is the brand of module most likely to be recommended by UK installers, enjoying a 100.0 Net Promoter Score (NPS), putting Q CELLS ahead of the competition.

    Q CELLS solar modules also achieved the best overall satisfaction value of 1.25, according to the Survey, which further highlights just how important quality and trust will be as the UK solar market continues its transition into a post-subsidy future.

     

    Q CELLS: Committed to the UK for the long term

    The encouraging results of the EuPD Research Global PV InstallerMonitor survey reflect the concerted effort that Q CELLS has made to support the continued growth of the UK solar market. Among Tier-1 solar companies, Q CELLS has one of the strongest UK-dedicated teams, a local UK warehouse for fast delivery, and a growing Q.PARTNER network that ensures all four corners of the country are comprehensively served.

    Products available to British customers include the award-winning Q.PEAK DUO-G5 and Q.PEAK DUO BLK-G5, both of which were extremely popular solar modules in the UK in 2018. The recently launched Q.PEAK DUO-G6 – which is manufactured using larger wafers and delivers an increased power output of up to 6% – is also expected to prove popular in the UK residential and C&I rooftop markets later this year.

    Also set for introduction into the UK market in the second half of 2019 is Q CELLS’ latest storage solution, the Q.HOME+ ESS AC-G2, which is available as an AC-coupled battery developed for both new solar+storage installations as well as a retrofit solution for existing arrays.

    Sean Collier, Head of UK and Ireland Sales for Q CELLS, said: “The variety of UK projects, campaigns and programs that Q CELLS is actively involved in serves to highlight our continued support of this evolving solar market. The value and importance of solar is really rising in the minds of the average British consumer, and as is the case with all mature markets, the emphasis is increasingly on quality, reliability and trust – three areas in which Q CELLS has long excelled.

    “And as the LCOE of solar continues to fall, the argument for subsidy-free PV becomes more compelling by the day – not just at the residential rooftop scale, but also for small businesses and even at utility scale.”

     

    About Hanwha Q CELLS GmbH

    Hanwha Q CELLS GmbH is the German subsidiary of Hanwha Q CELLS Co., Ltd. Hanwha Q CELLS GmbH is responsible for the R&D, sale, and installation of a full spectrum of solar components and energy services—from modules and kits to systems,large-scale solar power plants and an energy retail business—across all European markets, as well as Latin America, the Middle East, and North Africa. Hanwha Q CELLS GmbH’s parent company, Hanwha Q CELLS Co., Ltd., has diverse international manufacturing facilities in Malaysia and China.

     

    Safe-Harbor Statement

    This press release contains forward-looking statements. 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. 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.

     

    Contact:

    Hanwha Q CELLS GmbH

    Corporate Communications

    Jochen Endle, Ian Clover

    Tel: +49 (0)3494 6699 10121

    E-mail: presse@q-cells.com

  • Q CELLS to exhibit comprehensive package of energy solutions at Intersolar Europe 2019

    May 9, 2019 12:00:00 AM

    • From the latest iteration of the company’s award-winning Q.PEAK DUO solar modules – including Q CELLS’ first-ever bifacial module – to the recently launched Q.ENERGY clean electricity tariff, Q CELLS will showcase its evolving capacity to be a provider of total energy solutions at Intersolar Europe

    [Berlin, Germany, May 9, 2019] Hanwha Q CELLS GmbH ("Q CELLS" or “The Company”), the German subsidiary of one of the largest solar cell and module manufacturers in the world, Hanwha Q CELLS Co., Ltd., is once again preparing to wow visitors at the Intersolar Europe exhibition in Munich. This year, Q CELLS is offering a comprehensive package of energy solutions, from solar modules and storage solutions to the direct supply of 100% guaranteed renewable energy.

    While last year Q CELLS’ stage and screen hosted a series of informative presentations, this year’s booth (A1.180 and A1.270) will target a broader variety of premium market segments – which is quite fitting given the Company’s focus on showcasing a range of new energy solutions designed for both the residential sector and the commercial and industrial (C&I) sector.

    Introducing Q.ENERGY

    As the market-leading solar module supplier in Germany in 2018*, Q CELLS has stepped into 2019 eager to not only build on this leadership position, but to evolve into a total energy solutions provider. With the launch of Q.ENERGY, Q CELLS becomes the first solar module manufacturer in the world to provide electricity directly to consumers.

    The concept of Q.ENERGY is simple: customers can buy and consume 100% clean energy, regardless of whether they have their own solar system installed. Q CELLS’ Q.ENERGY service delivers electricity – drawn from 100% clean energy sources in Germany and Austria – to customers, enabling them to power their homes in a green and environmentally friendly manner.

    Q.ENERGY offers two energy tariffs to customers: Basic and Smart. The Q.ENERGY Basic tariff gives customers a stable monthly fee for a whole year while they participate in Q CELLS’ green power community. Both the monthly basic fee and price per kWh are calculated based on the consumer’s postcode. The Q.ENERGY Smart tariff is based on the hourly price of green energy. Customers of this tariff can view electricity prices 24 hours in advance, and are able to proactively decide when to – for example – run their dishwasher or charge their electric vehicle in the most cost-effective manner.

    The wider benefits and features of Q.ENERGY will be explained in detail during a press conference at the Q CELLS booth in Hall A1, Booth No. A1.180 held on Thursday, May 16 at 02:00 pm.

    Home is where the smart is

    In addition to Q.ENERGY, Q CELLS will also showcase at Intersolar Europe the Q.HOME Cloud, which provides homeowners with the chance to take full and complete control of how they produce, consume, store and share their solar energy. Launching in Germany, the Q.HOME Cloud delivers decentralized energy solutions for homeowners who have a Q CELLS solar+storage system installed. Stored solar energy can be smartly consumed by the homeowner, or – via the energy management software –intelligently, sustainably and cost-effectively utilized via a cloud-based system. The homeowner, meanwhile, receives the full FIT and simply pays a monthly flat rate.

    Reliable solar and storage solutions to drive European growth

    A recent market forecast by Bloomberg New Energy Finance (BNEF) expects 18 GW of new solar PV capacity to be added in Europe in 2019. Such a figure runs close to the record 21.2 GW installed in the heady days of 2011 and continues an upward installation trend that began in 2016. Faced with such bullish projections, the industry is becoming increasingly competitive, and while Q CELLS remains the market leader in many of the continent’s largest and most important markets, the Company is determined to continue innovating and raising the bar in terms of solar module reliability and performance.

    To demonstrate this commitment, Q CELLS will showcase its broadest ever selection of solar solutions at Intersolar Europe 2019. The Company’s flagship module series – the half-cell, monocrystalline Q.PEAK DUO (which last year won the Intersolar Award in the category of Photovoltaics) – has been expanded with the recent launch of the Q.PEAK DUO-G6. This module range is manufactured with M4 wafers, which boast dimensions of 161.70 mm (as opposed to the 156.75 mm wafer dimensions found in the G5 range). These larger wafers help each module deliver up to about 6 % more power, meaning that the 120 cells Q.PEAK DUO-G6 version can deliver 355 Wp. In the format of 144 cells, the Q.PEAK DUO L-G6 has a power output of up to 420 Wp.

    Complementing the new Q.PEAK DUO-G6 solar module will be its predecessor, the Q.PEAK DUO-G5, the aesthetically pleasing Q.PEAK DUO BLK-G5, and the next-generation Q.PEAK DUO-G7, which will be made commercially available later this year.

    Also on show at the Q CELLS booth will be the Q.PEAK DUO L-G5.3/BF, which is the company’s first ever bifacial module. The Q.PEAK DUO L-G5.3/BF is also a double glass (glass-glass) monocrystalline half-cell module manufactured with a white grid on the rear-glass for optimal energy harvest due to a very high front-side power of close to 400 W. Because of this high front-side power, a bifaciality factor of 70% means a rear-side power of up to 280 W, making the Q.PEAK DUO L-G5.3/BF an attractive proposition for developers seeking high energy yields. Commercialization of this product is scheduled for Q3 of this year.

    All Q CELLS solar modules exhibited at Intersolar Europe are manufactured using the company’s patent-protected, unique passivation technology, which is a key ingredient in our Q.ANTUM Technology. Additional cutting-edge technological and security features of Q.ANTUM Technology include excellent Anti-LID (light induced degradation) and Anti-PID (potential induced degradation) performance, as well as Hot-Spot Protect and traceable quality with Tra.QTM laser identification to protect against counterfeiting.

    Joining this range of solar modules at the Q CELLS booth will be the Q.FLAT-G5 mounting system designed for easy and fast installation on flat rooftops; the Q.HOME+ ESS HYB-G2 modular and scalable storage solution, and the new Q.HOME+ ESS AC-G2 battery, which is an AC-coupled storage system that is ideal for self-consumption markets.

    Q CELLS’ Head of EU Sales, Maeng Yoon Kim, said: “The very DNA of Q CELLS is rooted in European R&D excellence and a desire to consistently deliver top-quality renewable energy products and services. We are very proud to arrive at Intersolar Europe as the leading solar module manufacturer in Europe, and are excited at the opportunities we can further bring to various markets across the continent with our new service offerings, such as Q.ENERGY and the Q.HOME Cloud.”

    “At the same time, Q CELLS continues to strive towards even greater excellence in solar module innovation, and we will continue to push the boundaries of cell and module technology thanks to our commitment to not only supporting R&D, but protecting our innovations. We believe that this is the perfect approach to take in order to support the sustainable growth of solar in Europe.”

    Q CELLS product and booth highlights at Intersolar Europe 2019

    Solar modules

    • Q.PEAK DUO-G5: Q.ANTUM DUO Technology-based monocrystalline half-cell module. Power ratings of up to 335 Wp and efficiency of up to 20.2% for lowest LCOE, Winner of Intersolar Award 2018.

    • Q.PEAK DUO BLK-G5: Boasts an outstanding all-black visual appearance and power ratings of up to 320 Wp. Based on Q.ANTUM DUO Technology and half-cut monocrystalline cells.

    • Q.PEAK DUO-G6: Q.ANTUM DUO Technology-based monocrystalline half-cell module, manufactured using larger M4 wafers to deliver power ratings of up to 355 Wp.

    • Q.PEAK DUO-G7: Next-generation half-cell monocrystalline solar module manufactured by Q CELLS using patent-protected passivation technology, a key ingredient of Q.ANTUM.

    • Q.PEAK DUO L-G5.3/BF: A bifacial, glass-glass monocrystalline half-cell module with very high module efficiency of close to 20%, and a bifacial energy yield gain of up to 20%.

    Solar and storage solutions

    • Q.ENERGY is available in Germany to consumers who wish to source 100% renewable energy – directly from Q CELLS. Customers do not even need their own solar system; they can simply sign up to either our Basic or Smart tariffs.

    • Q.HOME Cloud: Q CELLS customers that have a solar+storage system installed can benefit from the Q.HOME Cloud’s intelligent energy management platform, allowing them to store, share and consume their solar electricity in a way that suits their lifestyle.

    • Q.FLAT-G5: Q CELLS’ flat roof PV system, including Q.ANTUM Solar modules and a dedicated mounting system for easy and fast installation.

    • Q.HOME+ ESS HYB-G2: Modular and scalable storage solution developed for residential systems. Comprises hybrid inverter, battery and management system.

    • Q.HOME+ ESS AC-G2: AC-coupled storage solution developed for new solar+storage systems as well as retrofit solution for existing PV systems

    Booth highlights (A1.180 and A1.270)

    • Prominent position at the main entrance to Intersolar Europe Hall A.

    • Press Conference explaining the Q.ENERGY tariff and benefits: Thursday, May 16 at 14:00 (Booth A1.180).

    • Vibrant video screens showcasing the latest Q CELLS services and products.

    *According to EuPD Research’s Global PV InstallerMonitor 2018/2019

    About Hanwha Q CELLS GmbH

    Hanwha Q CELLS GmbH is the German subsidiary of Hanwha Q CELLS Co., Ltd. Hanwha Q CELLS GmbH is responsible for the R&D, sale, and installation of a full spectrum of solar components and energy services—from modules and kits to systems,large-scale solar power plants and an energy retail business—across all European markets, as well as Latin America, the Middle East, and North Africa. Hanwha Q CELLS GmbH’s parent company, Hanwha Q CELLS Co., Ltd., has diverse international manufacturing facilities in Malaysia and China.

    Safe-Harbor Statement

    This press release contains forward-looking statements. 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. 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.

    Contact:

    Hanwha Q CELLS GmbH

    Corporate Communications

    Jochen Endle, Ian Clover

    Tel: +49 (0)3494 6699 10121

    E-mail: presse@q-cells.com

  • Q CELLS modules power 2.5 MW rooftop project at 21 supermarket sites in Italy

    Apr 30, 2019 12:00:00 AM

    • Project F is a series of solar rooftop installations on 21 supermarkets, located across northern Italy, installed and operated by the Italian developer Manni Energy Srl and utilizing nearly 9,000 Q.PLUS-G4.3 solar modules from Q CELLS.

    [Berlin, Germany, April 30, 2019] Hanwha Q CELLS GmbH ("Q CELLS" or “The Company”), the German subsidiary of one of the largest solar cell and module manufacturers in the world, Hanwha Q CELLS Co., Ltd, has supplied 2.529 MW of solar modules to Manni Energy Srl, the Italian solar developer for Its Project F.

    The Project consists of a total of 21 PV arrays across 21 supermarket rooftops and was commissioned by an Italian company, which operates in the large-scale retail channel.

    In total, 8,895 multicrystalline solar modules Q.PLUS-G4.3 from Q CELLS have been installed at the 21 sites, which are clustered around the industrialized regions of Lombardia (13 supermarkets), Veneto (three supermarkets), Emilia-Romagna (four supermarkets) and Piemonte (one supermarket). Combined, the 2.529 MW solar project will save an estimated 1,229,221 Kg of CO² every year, delivering clean solar energy that will be self-consumed by each supermarket.

    C&I rooftop solar a growing sector for Italy

    Completed early this year, Project F is part of a growing trend in Italy – particularly northern Italy – to embrace the green and cost benefits of solar power. Italy has now surpassed 20 GW of cumulative solar PV capacity, having grown by more than 430 MW in 2018, according to official installation data provided by grid operator Terna.

    The bulk of 2018’s growth – 389.6 MW – wasadded in the Italian solar rooftop sector, with installations not exceeding 20 kW comprising the largest share, at 218.8 MW. This means that almost half of all Italian PV capacity added in 2018 was installed on rooftops within the power range of residential homes and smaller commercial and industrial (C&I) premises.

    The 20 kW – 100 kW power range is also a fast-growing segment, reaching more than 75 MW of new installation capacity in 2018. Italy’s net metering program for C&I projects has helped to sustain this growth in the sector, while the continued decline of solar component costs is also making PV an increasingly attractive proposition for businesses in Italy.

    Alessio Palla, Senior Key Account Manager Italy for Q CELLS, said: “The Italian commercial and industrial solar sector is an exciting place to be right now, thanks to lower component costs that make solar PV an attractive prospect for many small businesses looking to self-consume the electricity they generate onsite. Q CELLS was delighted to work with Manni Energy Srl on this project, which highlights the enduring potential of solar energy as an affordable, decentralized source of electricity in Italy.”

    Stefano Grassi, Project Manager of Project F at Manni Energy Srl, added: “We selected the Q.PLUS-G4.3 solar module from Q CELLS because it demonstrated to us a good balance on price and performance; it is a versatile and reliable solar module that is ideal for the northern Italian climate. Besides, for most of the projects, we also chose the Q.FLAT mounting system for its versatility and fast installation.”

    A supermarket rooftop is an ideal location for solar installations, but not all rooftops are created equal – as Githo Bezaka, Product Application Engineer at Q CELLS, explains. “Of the 21 separate installations, 13 were completed using Q CELLS’ Q.FLAT-G5 mounting system, with a further six using the Q.FLAT-G4 mounting system, and two that use Q.MOUNT system, which is required when installing on sloping roofs. For the flat roof installations, the Q.FLAT-G4 and G5 systems ensured that each array was installed in the shortest time possible, which helped to lower installation costs for the customer.”

    About Hanwha Q CELLS GmbH

    Hanwha Q CELLS GmbH is the German subsidiary of Hanwha Q CELLS Co., Ltd. Hanwha Q CELLS GmbH is responsible for the R&D, sale, and installation of a full spectrum of solar components—from modules and kits to systems and large-scale solar power plants—across all European markets, as well as Latin America, the Middle East, and North Africa. Hanwha Q CELLS GmbH’s parent company, Hanwha Q CELLS Co., Ltd., has diverse international manufacturing facilities in Malaysia and China.

    Safe-Harbor Statement

    This press release contains forward-looking statements. 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. 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.

    Contact:

    Hanwha Q CELLS GmbH

    Corporate Communications

    Jochen Endle, Ian Clover

    Tel: +49 (0)3494 6699 10121

    E-mail: presse@q-cells.com

  • Q CELLS launches latest half-cell solar module Q.PEAK DUO-G6

    Apr 29, 2019 12:00:00 AM

    • The new iteration of the award-winning Q.PEAK DUO module range is manufactured with larger wafers for about 6% power output increase, and is available now in Europe and Korea.

    [Thalheim, Germany, April 29, 2019] Hanwha Q CELLS Co., Ltd. (“Q CELLS” or “The Company”), one of the largest solar cell and module manufacturers in the world, today announced that the Company has launched its new solar module product, the Q.PEAK DUO-G6, in a range of high-quality solar markets globally.

    The Q.PEAK DUO-G6 is the new iteration of the popular and award-winning Q.PEAK DUO solar modules series. This latest version of Q CELLS’s half-cell monocrystalline solar module range is manufactured with larger wafers, which boast dimensions of 161.70 mm (as opposed to the 156.75 mm wafer dimensions found in the G5 range). These larger wafers help each module deliver up to about 6% more power, meaning that the 122 cells Q.PEAK DUO-G6 version can deliver 355 Wp. In the format of 144 cells, the Q.PEAK DUO L-G6 has a power output of up to 420Wp.

    Half-cell, full benefit

    Not only does the Q.PEAK DUO-G6 deliver an impressive higher power output, the solar module boasts another unique function – optimized shading behavior. The upper and lower section of the module can operate independently, reducing the impact of shading and thereby increasing energy yields. Thanks to this function, the Q.PEAK DUO-G6 can generate much more electricity, especially on residential and commercial and industrial (C&I) rooftops.

    The Q.PEAK DUO-G6 also has long-term reliability with 85% initial performance after 25 years. Furthermore, the module is manufactured using Q CELLS patent-protected passivation technology, which is a key ingredient in our Q.ANTUM Technology. Additional cutting-edge technological and security features of Q.ANTUM Technology include excellent Anti LID (light induced degradation) and Anti PID (potential induced degradation) performance, as well as Hot-Spot Protect and traceable quality with Tra.Q laser identification to protect against counterfeiting.

    The Q.PEAK DUO solar modules series proved its competitiveness for technology and quality at Intersolar Europe 2018, winning the Intersolar Award for best Photovoltaic product in a competitive field.

    Hee Cheul (Charles) Kim, the CEO of Q CELLS, said: “Q CELLS will continue to launch higher output and quality solar modules using our proprietary Q.ANTUM Technology. The Q.PEAK DUO-G6 represents yet another step towards more accessible solar electricity for all, thanks to its higher power output. While we are excited to launch this latest iteration of our half-cell range, Q CELLS will continue to launch other energy solution products and new business models to meet the ever-changing customer needs across the global solar market.”

    The Q.PEAK DUO-G6 is available now in Europe and Korea, and will be rolled out in other leading global markets later this year.

    About Hanwha Q CELLS

    Hanwha Q CELLS Co., Ltd. and Hanwha Q CELLS & Advanced Materials Corporation (Collectively, “Hanwha Q CELLS”) 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 the U.S, Malaysia, China, and South Korea. Hanwha Q CELLS offers the full spectrum of photovoltaic products, applications and solutions, from cells and 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, Hanwha Q CELLS 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.q-cells.com.

    Safe-Harbor Statement

    This press release contains forward-looking statements. 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. 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.

    Contact:

    Hanwha Q CELLS GmbH

    Corporate Communications

    Jochen Endle, Ian Clover

    Tel: +49 (0)3494 6699 10121

    E-mail: presse@q-cells.com

  • Q CELLS to introduce Q.PLUS DUO-G5 module at CISOLAR exhibition, Ukraine

    Apr 17, 2019 12:00:00 AM

    • Q CELLS’ new multicrystalline half-cell module, the Q.PLUS DUO-G5, will be showcased at Ukraine’s largest solar trade fair, CISOLAR
    • The Q.PLUS DUO-G5 is an ideal solution for Ukraine’s dynamic utility-scale solar segment and growing C&I sector
    • Q CELLS’ Head of Sales Eastern Europe, Adrian Kocan, said: “After an extremely encouraging 2018, we believe Ukraine is set to enjoy another strong year of solar installations in 2019. The generous feed-in tariff for utility-scale solar plants makes Ukraine an attractive market for Q CELLS, and our half-cell multicrystalline module, the Q.PLUS DUO, is a perfect fit.”

    [Berlin, Germany, April 17, 2019] Hanwha Q CELLS GmbH ("Q CELLS" or “The Company”), the German subsidiary of one of the largest solar cell and module manufacturers in the world, Hanwha Q CELLS Co., Ltd, is to launch its new Q.PLUS DUO-G5 solar module in the Ukrainian solar market by showcasing it at the forthcoming solar trade fair in Kiev, CISOLAR.

    The Q.PLUS DUO-G5 is the first multicrystalline solar module from Q CELLS to use half-cells, following in the footsteps of the successful Q.PEAK DUO module series, a half-cell monocrystalline solar module series which has won several awards including the renowned Intersolar Award 2018.

    Developed as an ideal solution for ground-mounted solar power plants, the Q.PLUS DUO-G5 boasts a higher yield per surface area and lower balance of systems (BOS) costs than standard multicrystalline solar modules. It is available in power classes up to 315 Wp and features the cutting-edge technological and security features of Q.ANTUM technology, including excellent Anti-LID (light induced degradation) and Anti-PID (potential induced degradation) performance, as well as Hot-Spot Protect and traceable quality with Tra.Q laser identification to protect against counterfeiting.

    Q CELLS debuts at CISOLAR with the Q.PLUS DUO

    The Ukrainian solar market continues to hold exceptional potential. This year, Q CELLS is to exhibit at CISOLAR for the first time ever, having exhibited at other solar energy-related shows in the country for the past two years. However, CISOLAR is the largest dedicated solar exhibition in Ukraine, and one of the most well-attended such events in Eastern Europe, with more than 5,000 visitors and 100+ exhibitors expected to attend this two-day show, which runs from April 17 to 18.

    Interest in solar PV in Ukraine has been strong for many years. Official data from the Ukrainian Association of Renewable Energy (UARE) recently revealed that 645.6 MW of new solar capacity was installed in 2018, putting the nation’s cumulative figure at 1.33 GW. This upsurge in growth has been underpinned by a feed-in tariff (FIT) of €0.1502/kWh for ground-mounted solar farms that are connected to the grid between 2017 and 2019.

    There is also encouraging growth in the rooftop sector – of the 1.33 GW of current capacity, 121 MW was installed on small-scale rooftops, which benefit from a net metering scheme.

    Beyond this year, the Ukrainian government is poised to introduce an auction mechanism in 2020 that promises to ensure sustainable growth in the nation’s solar sector and renewables sector more widely as the country makes a concerted effort to wean itself off of an overreliance on energy imports.

    Given the current strength of the market and Ukraine’s ambitious energy plans, Q CELLS’ focus is on meeting growing demand for high quality solar modules, across both the rooftop and utility-scale segments. The Q.PLUS DUO-G5 has an efficiency rate of up to 19.0% and delivers a low levelized cost of electricity (LCOE) due to its high module power output and optimized design. Thus, the Q.PLUS DUO-G5 is an ideal solution for Ukraine – in particular the ground-mounted sector and the commercial and industrial (C&I) space, which has a lot of untapped potential in the country.

    Q CELLS’ Head of Sales Eastern Europe, Adrian Kocan, said: “After an extremely encouraging 2018, we believe Ukraine is set to enjoy another strong year of solar installations in 2019. The generous feed-in tariff for utility-scale solar plants makes Ukraine an attractive market for Q CELLS, and our half-cell multicrystalline module, the Q.PLUS DUO, is a perfect fit.

    “The Q.PLUS DUO-G5 is a Q.ANTUM technology solar module that utilizes Q.CELLS’ unique, patent-protected passivation technology to increase the life and power output of solar cells. They are durable and high performance, and ideal for meeting the needs of solar developers operating in Ukraine."

    Q CELLS will exhibit at booth No. A72 at the CISOLAR exhibition, Kiev, Ukraine, April 17-18.

    About Hanwha Q CELLS GmbH

    Hanwha Q CELLS GmbH is the German subsidiary of Hanwha Q CELLS Co., Ltd. Hanwha Q CELLS GmbH is responsible for the R&D, sale, and installation of a full spectrum of solar components—from modules and kits to systems and large-scale solar power plants—across all European markets, as well as Latin America, the Middle East, and North Africa. Hanwha Q CELLS GmbH’s parent company, Hanwha Q CELLS Co., Ltd., has diverse international manufacturing facilities in Malaysia and China.

    Safe-Harbor Statement

    This press release contains forward-looking statements. 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. 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.

    Contact:

    Hanwha Q CELLS GmbH

    Corporate Communications

    Jochen Endle, Ian Clover

    Tel: +49 (0)3494 6699 10121

    E-mail: presse@q-cells.com

  • USITC Institutes Investigation Based on Hanwha Q CELLS’s Claims of Infringement of their Patented Passivation Technology

    Apr 4, 2019 12:00:00 AM

  • DALTON, Georgia, April 4, 2019 – Hanwha Q CELLS & Advanced Materials Corp. and Hanwha Q CELLS USA Inc. (collectively, “Hanwha Q CELLS”), global leading photovoltaic manufacturers of high-performance solar cells and modules, announced today that the U.S. International Trade Commission (USITC) has voted to institute an investigation of alleged patent infringement by JinkoSolar, LONGi Solar, and REC Group. This decision by the USITC signifies that Hanwha Q CELLS’s complaint satisfies the Commission’s rigorous pleading requirements, including evidence of importation and alleged infringement. The investigation will shortly be assigned to an administrative law judge who will set a schedule for the case.

    The USITC’s decision is based on a formal complaint filed by Hanwha Q CELLS on March 4, 2019 in which the company alleged that JinkoSolar, LONGi Solar, and REC Group are violating U.S. trade laws by unlawfully importing and selling solar cells and modules that infringe Hanwha Q CELLS’s patented passivation technology. The complaint alleges that JinkoSolar, LONGi Solar, and REC Group have unlawfully incorporated this patented passivation technology—which plays an important role in improving the efficiency and performance of solar cells—into the structure of certain of their solar cells.

    In the USITC, Hanwha Q CELLS seeks an exclusion order to halt the importation of infringing products and a permanent cease and desist order to stop the respondents from importing, marketing, and selling those products in the United States.

    “We are pleased that the USITC has decided to initiate this investigation,” said Hee Cheul (Charles) Kim, Chief Executive Officer of Hanwha Q CELLS & Advanced Materials Corp. “Ensuring strong protections for intellectual property signals to producers that it is worthwhile to undertake the R&D necessary to increase efficiency and lower the cost of solar energy. Ultimately, protecting our intellectual property rights will enable us to keep innovating and investing in our products, which in turn will contribute to the growth and development of the U.S. solar industry and market.”

    Hanwha Q CELLS recently opened a new 1.7-gigawatt solar module assembly plant in Dalton, Georgia. The facility is the largest of its kind in the western hemisphere and reflects Hanwha Q CELLS’s long-term commitment to the United States and the important residential, commercial & industrial, and utility markets here. The capacity of this facility will enable Hanwha Q CELLS to ensure a stable supply of advanced technology modules to the American marketplace.

    For additional information on this matter, please visit www.q-cellsip.com

    About Hanwha Q CELLS’s Patent Infringement Litigation

    Hanwha Q CELLS & Advanced Materials Corp. also filed patent infringement complaints against the same companies with the U.S. District Court for the District of Delaware. In Germany, Hanwha Q CELLS GmbH filed patent infringement complaints with the Regional Court of Düsseldorf against certain entities of JinkoSolar and REC Group. In Australia, Hanwha Q CELLS & Advanced Materials Corp. and Hanwha Q CELLS Australia Pty. Ltd. filed patent infringement complaints with the Federal Court of Australia against certain entities of JinkoSolar, LONGi Solar, and REC Group, as well as two distributors, Sol Distribution, and BayWa r.e. Solar Systems

    About Hanwha Q CELLS & Advanced Materials Corp.

    Hanwha Q CELLS & Advanced Materials Corp. is a photovoltaic manufacturer with business operations in South Korea and manufacturing facilities in the United States (Hanwha Q CELLS USA Inc.) and South Korea. Hanwha Q CELLS & Advanced Materials Corp. offers a full spectrum of photovoltaic products, applications, and solutions, from cells and modules to kits, and large-scale solar power plants. Hanwha Q CELLS & Advanced Materials Corp. provides excellent services and long-term partnerships to its customers in the utility, commercial, governmental, and residential markets.

    About Hanwha Q CELLS USA Inc.

    Hanwha Q CELLS USA Inc. is located in Dalton, Georgia, and is a solar module manufacturing facility. It is a subsidiary of Hanwha Q CELLS & Advanced Materials Corp., one of the world’s largest and most recognized photovoltaic manufacturers.

    About Hanwha Q CELLS GmbH

    Hanwha Q CELLS GmbH is the German subsidiary of Hanwha Q CELLS Co., Ltd. Hanwha Q CELLS GmbH is responsible for the R&D, sale, and installation of a full spectrum of solar components—from modules and kits to systems and large-scale solar power plants—across all European markets, as well as Latin America, the Middle East, and North Africa. Hanwha Q CELLS GmbH’s parent company, Hanwha Q CELLS Co., Ltd., has diverse international manufacturing facilities in Malaysia and China.

    About Hanwha Q CELLS Australia Pty. Ltd.

    Hanwha Q CELLS Australia Pty. Ltd. is located in Sydney, Australia and provides high-quality photovoltaic modules and solutions to the Australian market. It is a subsidiary of Hanwha Q CELLS Co., Ltd., one of the world’s largest and most recognized photovoltaic manufacturers, known for its high-performance, high-quality solar cells and modules. Hanwha Q CELLS Australia Pty. Ltd. has been present in Australia since 2009 and in 2019 was awarded the title of Australia’s Top Brand PV by internationally recognized research institute EuPD for the fourth consecutive year.

    Safe-Harbor Statement

    This press release contains forward-looking statements. 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’s 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. 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.

    Contact

    Kevin Bailey

    qcellsmedia@brunswickgroup.com

    +1 (202) 459-9140

  • Q CELLS' Q.PEAK DUO modules earn further low-carbon certification for French tenders

    Apr 1, 2019 12:00:00 AM

    • Carbon footprint of 300 kg-eq/C0²/kWc achieved for the high-efficiency Q.PEAK DUO module series, utilizing a 25% recycled poly SI methodology, as recognized by the CRE
    • The Q.PEAK DUO module series can now be selected for projects awarded under the CRE tender up to CRE4.6 for rooftop projects, and up to CRE4.4. for utility projects.
    • Q CELLS' Head of EU Sales, Maeng Yoon Kim said: "France should be applauded for its measured and sustainable support of its renewable energy industry, and we are delighted that Q CELLS can continue to participate in this journey with our award-winning, low-carbon Q.PEAK DUO module series."

    [Berlin, Germany, April 1, 2019] Hanwha Q CELLS GmbH ("Q CELLS" or "The Company"), the German subsidiary of one of the largest solar cell and module manufacturers in the world, Hanwha Q CELLS Co., Ltd, has received on March 14 a Certisolis carbon footprint (CFP) certification of 300 kg-eq/CO²/kWc in France for its high-efficiency Q.PEAK DUO module series.

    This latest certification – which follows an earlier CFP certification in January 2019 – means that customers in France can now apply for subsidized electricity tariffs in a broader range of France's tender periods using Q CELLS' Q.PEAK DUO range of solar modules.

    Specifically, Q.PEAK DUO solar modules are certified for installation in projects awarded under the Commission de Regulation de l’Energie (CRE) 4.6 tender – the sixth rooftop solar tender under the CRE4 framework – and also the CRE 4.4 tender,  which is the fourth utility solar tender rolled out under the same framework.

    Launched by the French government in 2016, the CRE4 framework is a renewable energy support mechanism that is divided into nine different sessions, covering the two-year period between 2017 and 2019. Solar projects that are awarded contracts under these tenders can receive government-backed subsidized electricity rates that are higher than typical market prices for electricity. However, these projects must be built using components that are certified as low-carbon during their production. The official certification from CRE shows that Q CELLS’ Q.PEAK DUO module series has a carbon footprint of 300 kg-eq/C0²/kWc, attained through a 25% recycled poly SI methodology.

    Sustained and sustainable solar growth thanks to France's low carbon tenders

    France's solar power sector continues to enjoy encouraging growth as the country aims to reach its government-mandated solar capacity target of between 18.2 GW and 20.2 GW by 2030. Currently, cumulative solar capacity in France stands at just above 8 GW (as of the end of 2018), according to official Environment Ministry of France data.

    In securing another low carbon footprint certification for its Q.PEAK DUO modules, Q CELLS is in a good position to strengthen its market position in France, said Q CELLS'  Head of EU Sales, Maeng Yoon Kim: "France should be applauded for its measured and sustainable support of its renewable energy industry, and we are delighted that Q CELLS can continue to participate in this journey with our award-winning, low-carbon Q.PEAK DUO module series."

    As it is doing so in many other European markets, Q CELLS is registering increasing market share in France, particularly within the feed-in tariff (FIT) sector and CRE tender market – thanks to the company's low carbon certifications and renowned high standards, which this year have already been recognized with the "Top Brand PV" seal awarded by EuPD Research in Europe, including France.

    Stephan Maurel, Head of Sales France, added: "The ongoing transition within France to a more renewables-based electricity system is an excellent incentive for companies like Q CELLS to continue driving high standards in solar technology innovation and low-carbon production. By transitioning its energy sector in the most eco-friendly way possible, we believe that France can become a role-model for the world.

    "Q CELLS' Q.PEAK DUO is a Q.ANTUM solar module that utilizes our unique, patent-protected passivation technology to increase the life and power output of the solar cells. These modules are not only award-winning and certified low-carbon, but also ideal for rooftop and utility customers in France thanks to their excellent power output and reliability."

    About Hanwha Q CELLS GmbH

    Hanwha Q CELLS GmbH is the German subsidiary of Hanwha Q CELLS Co., Ltd. Hanwha Q CELLS GmbH is responsible for the R&D, sale, and installation of a full spectrum of solar components—from modules and kits to systems and large-scale solar power plants—across all European markets, as well as Latin America, the Middle East, and North Africa. Hanwha Q CELLS GmbH’s parent company, Hanwha Q CELLS Co., Ltd., has diverse international manufacturing facilities in Malaysia and China.

    Safe-Harbor Statement

    This press release contains forward-looking statements. 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. 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.

    Contact:

    Hanwha Q CELLS GmbH

    Corporate Communications

    Jochen Endle, Ian Clover

    Tel: +49 (0)3494 6699 10121

    E-mail: presse@q-cells.com

  • Hanwha Q CELLS files patent infringement complaint with the Federal Court of Australia against REC Group and two distributors, Sol Distribution, and BayWa r.e. Solar Systems

    Mar 25, 2019 12:00:00 AM

  • SYDNEY, Australia, 25 March, 2019 – Hanwha Q CELLS Australia Pty. Ltd., together with Hanwha Q CELLS & Advanced Materials Corp. (collectively, “Hanwha Q CELLS”), today announced it has filed a patent infringement complaint with the Federal Court of Australia against REC Solar Pte. Ltd. (“REC”), a part of the European headquartered REC Group. This follows Hanwha Q CELLS’s commencement of patent infringement proceedings in Australia against JinkoSolar Australia Holdings Co. Pty. Ltd. and LONGi Green Technology Co. Ltd. on 12 March, 2019.

    Hanwha Q CELLS also announced that its complaint against REC also names Sol Distribution Pty. Ltd. and BayWa r.e. Solar Systems Pty. Ltd. for distributing REC products in Australia that infringe Hanwha Q CELLS’s patented technology.

    The Federal Court complaint alleges that REC, Sol Distribution Pty. Ltd., and BayWa r.e. Solar Systems Pty. Ltd. are importing and selling solar modules that incorporate Hanwha Q CELLS’s patented passivation technology and infringe Hanwha Q CELLS’s Australian patent rights. Hanwha Q CELLS seeks an order to stop the three companies from importing, marketing, and selling products that infringe Hanwha Q CELLS’s asserted Australian patent. Hanwha Q CELLS has made significant investments in the commercialization of the relevant technology and, as the patent owner, has the exclusive right to sell solar modules in Australia incorporating this technology.

    “We do not tolerate the infringement of our intellectual property rights and we will vigorously defend our technology from being unfairly used”, said Hee Cheul (Charles) Kim, Chief Executive Officer of Hanwha Q CELLS & Advanced Materials Corp. “We commenced legal action in Australia against two distributors as we are concerned they are distributing products supplied by REC Group that incorporate our patented passivation technology.

    “Hanwha Q CELLS remains fully committed to serving the needs of the Australian market and we have no intention to cause inconvenience to customers, be they EPC contractors, distributors, or installers. We believe these legal actions will contribute to the long-term, healthy development of the solar energy industry. Protecting our property rights from companies that sell products that infringe Hanwha Q CELLS’s patent is an important part of our commitment to retain our ability to innovate next-generation solar energy technology.”

    This follows an announcement on 5 March, 2019, that Hanwha Q CELLS & Advanced Materials Corp. and Hanwha Q CELLS USA Inc. filed a patent infringement complaint with the U.S. International Trade Commission (“ITC”) and Hanwha Q CELLS & Advanced Materials Corp. filed related patent infringement complaints with the U.S. District Court for the District of Delaware against JinkoSolar, LONGi Solar, and REC Group, and that Hanwha Q CELLS GmbH filed patent infringement complaints with the Regional Court of Düsseldorf against JinkoSolar GmbH and REC Solar EMEA GmbH.

    For additional information on this matter, please visit www.q-cellsip.com

    The press releases about the related patent infringement complaints in Australia, the United States and Germany can be accessed here:

    - Hanwha Q CELLS files patent infringement complaints with the Federal Court of Australia against JinkoSolar and LONGi Solar, following legal action in the U.S. and Germany, March 13, 2019

    - Hanwha Q CELLS Files Patent Infringement Complaint with U.S. International Trade Commission Against JinkoSolar, LONGi Solar, and REC Group, March 5, 2019

    - Hanwha Q CELLS GmbH files patent infringement complaint with the Regional Court of Düsseldorf in Germany against JinkoSolar GmbH and REC Solar EMEA GmbH, March 5, 2019

    About Hanwha Q CELLS Australia Pty. Ltd.

    Hanwha Q CELLS Australia Pty. Ltd. is located in Sydney, Australia and provides high quality photovoltaic modules and solutions to the Australian market. It is a subsidiary of Hanwha Q CELLS Co., Ltd., one of the world’s largest and most recognized photovoltaic manufacturers, known for its high-performance, high-quality solar cells and modules. Hanwha Q CELLS Australia Pty. Ltd. has been present in Australia since 2009 and in 2019 was awarded the title of Australia’s Top Brand PV by internationally recognized research institute EuPD for the fourth consecutive year. For more information, please visit www.q-cells.com/au.

    About Hanwha Q CELLS & Advanced Materials Corp.

    Hanwha Q CELLS & Advanced Materials Corp. is a photovoltaic manufacturer with business operations in South Korea and manufacturing facilities in the United States (Hanwha Q CELLS USA Inc.) and South Korea. Hanwha Q CELLS & Advanced Materials Corp. offers a full spectrum of photovoltaic products, applications, and solutions, from cells and modules to kits, and large-scale solar power plants. Hanwha Q CELLS & Advanced Materials Corp. provides excellent services and long-term partnerships to its customers in the utility, commercial, governmental, and residential markets.

    About Hanwha Q CELLS USA Inc.

    Hanwha Q CELLS USA Inc. is located in Dalton, Georgia, and is a solar module manufacturing facility. It is a subsidiary of Hanwha Q CELLS & Advanced Materials Corp., one of the world’s largest and most recognized photovoltaic manufacturers.

    About Hanwha Q CELLS GmbH

    Hanwha Q CELLS GmbH is the German subsidiary of Hanwha Q CELLS Co., Ltd. Hanwha Q CELLS GmbH is responsible for the R&D, sale, and installation of a full spectrum of solar components—from modules and kits to systems and large-scale solar power plants—across all European markets, as well as Latin America, the Middle East, and North Africa. Hanwha Q CELLS GmbH’s parent company, Hanwha Q CELLS Co., Ltd., has diverse international manufacturing facilities in Malaysia and China.

    Safe-Harbor Statement

    This press release contains forward-looking statements. 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’s 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. 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.

    Contact

    For media inquiries, please contact qcellsmedia@brunswickgroup.com.

  • Hanwha Q CELLS enters multi-year partnership with the Los Angeles Dodgers

    Mar 18, 2019 12:00:00 AM

    • Sponsorship of one of the most recognized sporting institutions in California, the leading U.S. state for solar installations, represents great opportunity to strengthen the Q CELLS brand
    • Deal with the Dodgers expands Hanwha Q CELLS’ global sports sponsorship network, which includes soccer (RB Leipzig) and golf (Hanwha Q CELLS women’s golf team) sponsorships
    • Hanwha Q CELLS’ CEO Hee Cheul (Charles) Kim remarked, “We are extremely pleased to be sponsoring one of MLB’s most popular teams, the Los Angeles Dodgers, as part of a multi-year partnership. Our diverse philosophy spreading across more than 40 countries aligns closely with Los Angeles’ own diversity as a city. ”

    [Irvine, U.S., March 18, 2019] Hanwha Q CELLS America Inc. ("Q CELLS" or “The Company”), the U.S. subsidiary of one of the largest solar cell and module manufacturers in the world, Hanwha Q CELLS Co., Ltd., has entered a multi-year partnership with U.S. Major League Baseball (MLB) team, the Los Angeles Dodgers.

    The sponsorship deal with the prominent baseball team will run for several years, during which time Q CELLS will become an active and visible brand at the home of the Dodgers – Dodger Stadium – displaying its company logo on in-field signage during home games, while also participating as a promotional partner on a number of campaigns.

    As the Official Solar Partner of the Dodgers and a world leader in the solar industry, Q CELLS is helping to broaden the profile of renewable energy in the state of California, which is already the nation’s leading solar state. The Dodgers are the ideal partner for such a campaign, being one of the most decorated sporting institutions in the country, with six World Series titles under its belt and a further 23 National League titles.

    For Hanwha Q CELLS, the sponsorship with the Dodgers further broadens its partnership portfolio with leading sports clubs around the world. Hanwha Q CELLS is a proud sponsor of top-flight soccer club RB Leipzig in Germany, while it also supports Hanwha Q CELLS women’s golf team in the U.S., South Korea, and Japan.

    A golden future for Hanwha Q CELLS in the U.S.

    The Golden State of California has shone brightly as a solar power pioneer in the past few years. According to Wood Mackenzie Power & Renewables, in the U.S. residential solar market, which added an estimated 2.4 GW of capacity in 2018 alone, up to 40% of that figure was installed in California. Nationally, the state leads the way in terms of total installed solar capacity, and many other regions and states are now looking to follow in California’s solar footsteps.

    With this sponsorship and affiliate Hanwha Q CELLS & Advanced Materials Corp.’s new 1.7 GW module factory in Dalton, Georgia, the largest photovoltaic module manufacturing facility in the Western Hemisphere, Hanwha Q CELLS is further cementing its position as a leading solar company in the U.S., particularly in the residential market.

    “With over 2,000 different international game broadcasts annually and more than 25 million fans outside the U.S., the Dodgers remain committed to expanding our global partner base.” said Dodgers SVP, Global Partnerships, Michael Wandell.  “We are thrilled to welcome one of the world leaders in solar energy to our partnership family.  We look forward to working hand-in-hand to help grow their business domestically and abroad.”

    Hanwha Q CELLS’ CEO Hee Cheul (Charles) Kim remarked, “We are extremely pleased to be sponsoring one of MLB’s most popular teams, the Los Angeles Dodgers, as part of a multi-year partnership. Our diverse philosophy spreading across more than 40 countries aligns closely with Los Angeles’ own diversity as a city. For homeowners or business owners looking to install solar, and for our customers hoping to grow their business, this sponsorship is a home run – a perfect blend of market-leading PV technology and table-topping sporting excellence.”

    About Hanwha Q CELLS

    Hanwha Q CELLS Co., Ltd. and Hanwha Q CELLS & Advanced Materials Corporation (Collectively, “Hanwha Q CELLS”) 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 the U.S, Malaysia, China, and South Korea. Hanwha Q CELLS offers the full spectrum of photovoltaic products, applications and solutions, from cells and 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, Hanwha Q CELLS 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.q-cells.com.

    Safe-Harbor Statement

    This press release contains forward-looking statements. 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’s 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. 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.

    Contact:

    Hanwha Q CELLS America Inc.

    Marketing

    Katie Kim

    E-mail: katie.kim@us.q-cells.com

  • Q CELLS to launch Q.PLUS DUO multicrystalline half-cell module at Solar Solutions exhibition

    Mar 15, 2019 12:00:00 AM

    • The Q.PLUS DUO L-G5 is Q CELLS’ new, multicrystalline adaptation of the tremendously successful mono Q.PEAK DUO half-cell solar module
    • Q.PLUS DUO L-G5 will be make its European debut at the Solar Solutions exhibition held in Amsterdam, Netherlands between March 19-21
    • Q CELLS will also exhibit its new Q.PEAK DUO-G6 solar modules at the exhibition
    • Q CELLS’ Head of EU Sales, Maeng Yoon Kim, said: “Understanding and meeting the needs of the Dutch solar market is a key priority for Q CELLS in 2019 and beyond. The Netherlands has shown immense appetite for high power and low-cost PV products in the past few years, creating the perfect market conditions for Q CELLS, which has become one of the leaders in the Dutch solar market.”

    [Berlin, Germany, March 15, 2019] Hanwha Q CELLS GmbH ("Q CELLS" or “The Company”), the German subsidiary of one of the largest solar cell and module manufacturers in the world, Hanwha Q CELLS Co., Ltd., will showcase its new multicrystalline half-cell solar module, the Q.PLUS DUO L-G5, at the forthcoming Solar Solutions exhibition held in Amsterdam, Netherlands between March 19-21.

    The Q.PLUS DUO L-G5 is the first multicrystalline solar module from Q CELLS to use half-cells, following in the footsteps of the successful Q.PEAK DUO module series, which is an award-winning half-cell monocrystalline solar module.

    Developed as an ideal solution for ground-mounted solar power plants, the Q.PLUS DUO L-G5 boasts a higher yield per surface area and lower balance of systems (BOS) costs than standard multicrystalline solar modules. It is available in power classes up to 375 Wp and features the cutting-edge technological and security features of Q.ANTUM DUO, including excellent Anti LID (light induced degradation) and Anti PID (potential induced degradation) performance, as well as Hot-Spot Protect and traceable quality with Tra.Q laser identification to protect against counterfeiting.

    The Q.PLUS DUO L-G5 has an efficiency rate of up to 19.1% and delivers a low levelized cost of electricity (LCOE) due to its high module power output and optimized design. Thus, the Q.PLUS DUO L-G5 is an ideal solution for the growing Dutch solar market – in particular the ground-mounted sector, which is currently enjoying strong growth thanks to the support of the government’s SDE+ program.

    Solar solutions for Solar Solutions

    Joining the Q.PLUS DUO L-G5 at the Q CELLS booth at Solar Solutions will be the new iteration of the Q.PEAK DUO solar modules series, the Q.PEAK DUO-G6. This latest version of the award-winning half-cell monocrystalline solar module is manufactured with M4 wafers, which boast dimensions of 161.70 mm (as opposed to the 156.75 mm wafer dimensions found in the G5 range). These larger wafers help each module deliver up to 6% more power, making the 355 Wp Q.PEAK DUO-G6 (and the 345 Wp Q.PEAK DUO BLK-G6, which will not be exhibited at the show but will shortly be available in the entire Benelux region) an ideal product for rooftop installations.

    Also on display at the Q CELLS booth will be the Q.HOME+ ESS HYB-G2 storage system, which is poised for introduction into the Dutch solar market next year as the residential and commercial and industrial (C&I) PV sectors begin their transitions towards a post-net metering, self-consumption model.

    Meeting the demands of the Dutch solar market is a key goal for Q CELLS in 2019. Having expanded by 46% year-on-year in 2018 according to the Nationaal Solar Trendrapport 2019, the Dutch market is expected to experience an even more dynamic 12 months this year. Cumulatively, the Netherlands has more than 4.2 GW of solar capacity installed, and analysts and industry experts expect that a further 1.5 GW of new capacity could be added in 2019.

    While the Dutch market is increasingly keen to embrace renewable energy – ably supported by a pro-green government – the fact that solar costs continue to fall is also a decisive factor in the solar growth currently seen in the Netherlands. This low-cost, green-focused energy journey is a journey that Q CELLS will be on for the long-term.

    Q CELLS’ Head of EU Sales, Maeng Yoon Kim, said: “Understanding and meeting the needs of the Dutch solar market is a key priority for Q CELLS in 2019 and beyond. The Netherlands has shown immense appetite for high power and low-cost PV products in the past few years, creating the perfect market conditions for Q CELLS, which has become one of the leaders in the Dutch solar market.

    “The Solar Solutions exhibition is, therefore, becoming an increasingly important event scheduled in the European PV calendar, and Q CELLS will use the occasion to showcase our new multicrystalline half-cell module as well as our higher power monocrystalline half-cell Q.PEAK DUO range – products that perfectly meet the needs of all types of Dutch solar customers.”

    Visit Q CELLS at Booth No. D8 at the Solar Solutions Exhibition, held at Expo Haarlemmermeer, Amsterdam, between March 19 and 21.

    About Hanwha Q CELLS GmbH

    Hanwha Q CELLS GmbH is the German subsidiary of Hanwha Q CELLS Co., Ltd. Hanwha Q CELLS GmbH is responsible for the R&D, sale, and installation of a full spectrum of solar components—from modules and kits to systems and large-scale solar power plants—across all European markets, as well as Latin America, the Middle East, and North Africa. Hanwha Q CELLS GmbH’s parent company, Hanwha Q CELLS Co., Ltd., has diverse international manufacturing facilities in Malaysia and China.

    Safe-Harbor Statement

    This press release contains forward-looking statements. 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’s 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. 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.

    Contact:

    Hanwha Q CELLS GmbH

    Corporate Communications

    Jochen Endle, Ian Clover

    Tel: +49 (0)3494 6699 10121

    E-mail: presse@q-cells.com

  • Hanwha Q CELLS files patent infringement complaints in Australia against JinkoSolar and LONGi Solar

    Mar 13, 2019 12:00:00 AM

    • Hanwha Q CELLS files patent infringement complaints with the Federal Court of Australia against JinkoSolar and LONGi Solar, following legal action in the U.S. and Germany

    [SYDNEY, Australia, 13 March, 2019] – Hanwha Q CELLS Australia Pty. Ltd., together with Hanwha Q CELLS & Advanced Materials Corp., a leading photovoltaic manufacturer of high-performance solar cells and modules (collectively, “Hanwha Q CELLS”), today announced that, Hanwha Q CELLS filed patent infringement complaints with the Federal Court of Australia against JinkoSolar and LONGi Solar. This follows an announcement on 5 March, 2019, that Hanwha Q CELLS & Advanced Materials Corp. and Hanwha Q CELLS USA Inc. filed a patent infringement complaint with the U.S. International Trade Commission (“ITC”) and Hanwha Q CELLS & Advanced Materials Corp. filed related patent infringement complaints with the U.S. District Court for the District of Delaware against JinkoSolar, LONGi Solar, and REC Group, and that Hanwha Q CELLS GmbH filed patent infringement complaints with the Regional Court of Düsseldorf against JinkoSolar and REC Group.

    The Federal Court complaints allege that JinkoSolar and LONGi Solar are importing and selling solar cells and modules that infringe Hanwha Q CELLS’s Australian patent rights. In particular, the complaints allege that JinkoSolar and LONGi Solar have incorporated Hanwha Q CELLS’s patented passivation technology—which plays an important role in improving the efficiency and performance of solar cells—into their solar cells. Hanwha Q CELLS began manufacturing Q.ANTUM solar cells using this passivation technology in 2012 and has produced more than 2.5 billion such cells globally. Hanwha Q CELLS seeks an order to stop JinkoSolar and LONGi Solar from importing, marketing, and selling the infringing products in Australia.

    Australia is one of the global leaders in the solar energy sector and Hanwha Q CELLS is fully committed to further strengthening this important industry. Hanwha Q CELLS’s innovative technology improves the efficiency and performance of solar cells, making solar energy more accessible and affordable for Australian consumers and businesses. Hanwha Q CELLS’s presence in Australia goes back to 2009 and it is proud that last year approximately one in 10 panels installed in the country’s residential and commercial segments were made by Hanwha Q CELLS. The legal actions Hanwha Q CELLS is taking will protect its ability to innovate and reinforce its reputation as a leading supplier of high-quality products and a trusted business partner to its customers across Australia.

    “Intellectual property laws exist to incentivize innovation and protect innovations from being unfairly used, and we will vigorously defend our technology from infringement,” said Hee Cheul (Charles) Kim, Chief Executive Officer of Hanwha Q CELLS & Advanced Materials Corp. “Our high-quality photovoltaic products have established us as an industry leader, and we are proud of our legacy of innovation. The products supplied by these two companies are using technology that we believe is protected by our Australian patent and we have taken these actions both to protect our property rights and to give the market confidence that research and development initiatives to develop future technologies can continue. We are not prepared to tolerate the unauthorised distribution in Australia of products that incorporate our patented technology.”

    The patent claims asserted by Hanwha Q CELLS are not restricted to any particular method of manufacture, such as atomic layer deposition (ALD) or plasma-enhanced chemical deposition (PECVD). Instead, the asserted claims of Australian patent no. 2008323025 (and its equivalents in the U.S. and Germany) are directed to a solar cell structure with a first dielectric layer including aluminum oxide and a second dielectric layer that contains hydrogen. The patented technology can be applied in many ways. A solar cell employing what is known as Passivated Emitter Rear Cell (PERC) technology is only one type of solar cells that may use technology covered by Australian patent no. 2008323025 and its global equivalents.

    For additional information on this matter, please visit www.q-cellsip.com

    The press releases about the related patent infringement complaints in the United States and Germany can be accessed here:

    - Hanwha Q CELLS Files Patent Infringement Complaint with U.S. International Trade Commission Against JinkoSolar, LONGi Solar, and REC Group, March 5, 2019

    - Hanwha Q CELLS GmbH files patent infringement complaint with the Regional Court of Düsseldorf in Germany against JinkoSolar and REC Group, March 5, 2019

    About Hanwha Q CELLS Australia Pty. Ltd.

    Hanwha Q CELLS Australia Pty. Ltd. is located in Sydney, Australia and provides high quality photovoltaic modules and solutions to the Australian market. It is a subsidiary of Hanwha Q CELLS Co., Ltd., one of the world’s largest and most recognized photovoltaic manufacturers, known for its high-performance, high-quality solar cells and modules. Hanwha Q CELLS Australia Pty. Ltd. has been present in Australia since 2009 and in 2019 was awarded the title of Australia’s Top Brand PV by internationally recognized research institute EuPD for the fourth consecutive year. For more information, please visit www.q-cells.com/au

    About Hanwha Q CELLS & Advanced Materials Corp.

    with business operations in South Korea and manufacturing facilities in the United States (Hanwha Q CELLS USA Inc.) and South Korea. Hanwha Q CELLS & Advanced Materials Corp. offers a full spectrum of photovoltaic products, applications, and solutions, from cells and modules to kits, and large-scale solar power plants. Hanwha Q CELLS & Advanced Materials Corp. provides excellent services and long-term partnerships to its customers in the utility, commercial, governmental, and residential markets.

    About Hanwha Q CELLS USA Inc.

    Hanwha Q CELLS USA Inc. is located in Dalton, Georgia, and is a solar module manufacturing facility. It is a subsidiary of Hanwha Q CELLS & Advanced Materials Corp., one of the world’s largest and most recognized photovoltaic manufacturers.

    About Hanwha Q CELLS GmbH

    Hanwha Q CELLS GmbH is the German subsidiary of Hanwha Q CELLS Co., Ltd. Hanwha Q CELLS GmbH is responsible for the R&D, sale, and installation of a full spectrum of solar components—from modules and kits to systems and large-scale solar power plants—across all European markets, as well as Latin America, the Middle East, and North Africa. Hanwha Q CELLS GmbH’s parent company, Hanwha Q CELLS Co., Ltd., has diverse international manufacturing facilities in Malaysia and China.

    Safe-Harbor Statement

    This press release contains forward-looking statements. 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’s 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. 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.

    Contact

    For media inquiries, please contact qcellsmedia@brunswickgroup.com.

  • Hanwha Q CELLS Files Patent Infringement Complaint with U.S. International Trade Commission Against JinkoSolar, LONGi Solar, and REC Group

    Mar 6, 2019 12:00:00 AM

  • DALTON, Georgia, March 5, 2019 – Hanwha Q CELLS & Advanced Materials Corp. and Hanwha Q CELLS USA Inc. (collectively, “Hanwha Q CELLS”), global leading photovoltaic manufacturers of high-performance solar cells and modules, announced that they have filed a patent infringement complaint with the U.S. International Trade Commission (“ITC”) against JinkoSolar, LONGi Solar, and REC Group. Hanwha Q CELLS & Advanced Materials Corp. also filed related patent infringement complaints with the U.S. District Court for the District of Delaware against the same companies. In Germany, Hanwha Q CELLS GmbH announced the filing of patent infringement complaints with the Regional Court of Düsseldorf against JinkoSolar and REC Group.

    The ITC complaint alleges that JinkoSolar, LONGi Solar, and REC Group are unlawfully importing and selling solar cells and modules that infringe Hanwha Q CELLS’s patented passivation technology. The complaint alleges that JinkoSolar, LONGi Solar, and REC Group have unlawfully incorporated this patented passivation technology—which plays an important role in improving the efficiency and performance of solar cells—into their solar cells. Hanwha Q CELLS began manufacturing Q.ANTUM solar cells using this passivation technology in 2012 and has produced more than 2.5 billion such cells globally. Hanwha Q CELLS seeks an immediate investigation by the ITC, an exclusion order to halt the importation of infringing products, and a permanent cease and desist order to stop the respondents from importing, marketing, and selling those products in the U.S. Hanwha Q CELLS & Advanced Materials Corp. is also filing a claim in the District Court to seek damages and injunctive relief.

    “Intellectual property laws exist to incentivize innovation and protect inventions from being unfairly used, and we will vigorously defend our technology from infringement,” said Hee Cheul (Charles) Kim, Chief Executive Officer of Hanwha Q CELLS & Advanced Materials Corp. “Our high-quality photovoltaic products have established us as an industry leader, and we are proud of our legacy of innovation. We have taken these actions both to protect our property rights and to give the market confidence that research and development initiatives to develop future technologies can continue.”

    “The passivation technology at issue in these legal actions is critical to Hanwha Q CELLS’s plans for the future. Our high-efficiency modules rely on this patented technology and set us apart from competitors. We have built a new 1.7-gigawatt facility in Dalton, Georgia, dedicated to assembling Hanwha Q CELLS’s modules for sale in the United States, and we look forward to a long relationship with the Dalton community. This is the largest factory of its kind in the western hemisphere and reflects our commitment to the United States and the important markets here. We believe that the legal actions we have taken in the United States and Germany will effectively protect our ability to innovate and reinforce our reputation as a leading supplier of high-quality products and a trusted business partner to our customers.”

    For additional information on this matter, please visit www.q-cellsip.com.

    About Hanwha Q CELLS & Advanced Materials Corp.

    Hanwha Q CELLS & Advanced Materials Corp. is a photovoltaic manufacturer with business operations in South Korea and manufacturing facilities in the United States (Hanwha Q CELLS USA Inc.) and South Korea. Hanwha Q CELLS & Advanced Materials Corp. offers a full spectrum of photovoltaic products, applications, and solutions, from cells and modules to kits, and large-scale solar power plants. Hanwha Q CELLS & Advanced Materials Corp. provides excellent services and long-term partnerships to its customers in the utility, commercial, governmental, and residential markets

    About Hanwha Q CELLS USA Inc.

    Hanwha Q CELLS USA Inc. is located in Dalton, Georgia, and is a solar module manufacturing facility. It is a subsidiary of Hanwha Q CELLS & Advanced Materials Corp., one of the world’s largest and most recognized photovoltaic manufacturers.

    About Hanwha Q CELLS GmbH

    Hanwha Q CELLS GmbH is the German subsidiary of Hanwha Q CELLS Co., Ltd. Hanwha Q CELLS GmbH is responsible for the R&D, sale, and installation of a full spectrum of solar components—from modules and kits to systems and large-scale solar power plants—across all European markets, as well as Latin America, the Middle East, and North Africa. Hanwha Q CELLS GmbH’s parent company, Hanwha Q CELLS Co., Ltd., has diverse international manufacturing facilities in Malaysia and China.

    Safe-Harbor Statement

    This press release contains forward-looking statements. 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’s 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. 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.

    Contact

    Kevin Bailey

    qcellsmedia@brunswickgroup.com

    +1 (202) 459-9140

  • Q CELLS enters energy solutions business with launch of Q.ENERGY

    Feb 27, 2019 12:00:00 AM

    • Q.ENERGY offers 100% green electricity to customers eager to consume renewable power and gain independence from traditional energy suppliers − Q.ENERGY is available as two different energy tariffs: Basic and Smart, which offer customers a fresh new way to consume electricity
    • Q.ENERGY is available as two different energy tariffs: Basic and Smart, which offer customers a fresh new way to consume electricity
    • Q CELLS’ Head of EU Sales, Maeng Yoon Kim, said: “Clean and green energy is hardwired into Q CELLS’ DNA; thus we believe that now is the time to step confidently into the energy supply market. Customers of Q.ENERGY can enjoy not only self-sufficiency, but the peace of mind that comes with partnering with one of the solar industry’s most experienced and established names – Q CELLS.”

    [Berlin, Germany, February 27, 2019] Hanwha Q CELLS GmbH ("Q CELLS" or “The Company”), the German subsidiary of one of the largest solar cell and module manufacturers in the world, Hanwha Q CELLS Co., Ltd., is poised to enter the energy solutions business with the forthcoming launch of its new Q.ENERGY service in Germany. The concept of Q.ENERGY is simple: customers can buy and consume 100% clean energy, regardless of whether they have their own solar system installed. Q CELLS’ Q.ENERGY service delivers electricity - drawn from 100% clean energy sources in Germany and Austria - to customers, enabling them to power their homes in a green and environmentally friendly manner.

    Q.ENERGY offers two energy tariffs to customers: Basic and Smart. The Q.ENERGY Basic tariff gives customers a stable monthly fee for a whole year while they participate in Q CELLS’ green power community. Both the monthly basic fee and price per kWh are calculated based on the consumer’s postcode.

    The Q.ENERGY Smart tariff is based on the hourly price of green energy. Customers of this tariff can view electricity prices 24 hours in advance, and then freely make the decision to, for example, use their washing machine or charge their electric vehicle. Customers of both tariffs do not need to have their own solar PV or storage system installed; they simply sign up with Q CELLS and enjoy competitively priced green energy.

    Electricity prices in Germany can fluctuate quite dramatically over the course of the day, and also region by region, so based on a consumer’s postcode, Q.ENERGY Smart calculates a base monthly cost of electricity that includes all service fees. The customer receives this as a flat monthly bill, with additional electricity consumption charges levied based on hourly usage patterns. This tariff enables the consumer to take greater control of their energy bills, which can be significantly lowered through proactively altering consumption patterns to maximize costs savings.

    Cleaner, simpler, more direct: Q.ENERGY aligns with new consumer demands

    Customers across Germany, and indeed many parts of Europe, are increasingly keen to take greater control of their energy consumption. They want it to be clean, efficiently consumed and intelligently integrated into their everyday lives. Simple, smart and solution-focused energy use is the demand of the future, and Q.ENERGY Smart ticks all of the right boxes: a tariff that allows Q CELLS customers to better manage their monthly electricity bills and energy consumption patterns, using 100% certified green energy sourced from Germany and Austria. To offer this guarantee, Q CELLS will provide certificates to Q.ENERGY customers that signal that the electricity they are consuming is certifiably green.

    Q CELLS’ Head of EU Sales, Maeng Yoon Kim, said: “Clean and green energy is hardwired into Q CELLS’ DNA; thus we believe that now is the time to step confidently into the energy supply market. Customers of Q.ENERGY can not only enjoy self-sufficiency, but also the peace of mind that comes from partnering with one of the solar industry’s most experienced established companies – Q CELLS.

    “Q.ENERGY gifts the gift of energy self-sufficiency and joins Q CELLS’ growing portfolio of solutions designed to decentralize and green the traditional energy system. We are excited to offer these tariffs to customers in Germany, and this new service complements our suite of high quality solar and storage products that have already delivered greater energy autonomy and savings to thousands of homeowners in Germany.”

    About Hanwha Q CELLS

    Hanwha Q CELLS Co., Ltd. (“Hanwha Q CELLS”) 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, China, and South Korea. Hanwha Q CELLS offers the full spectrum of photovoltaic products, applications and solutions, from cells and 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, Hanwha Q CELLS 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.q-cells.com

    Safe-Harbor Statement

    This press release contains forward-looking statements. 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. 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.

    Contact:

    Hanwha Q CELLS GmbH

    Corporate Communications

    Oliver Beckel, Ian Clover

    Tel: +49 (0)3494 6699 10121

    E-mail: presse@q-cells.com

  • Q CELLS Japan to launch new solar self-consumption solutions at Smart Grid Expo in Tokyo

    Feb 25, 2019 12:00:00 AM

    • The leading manufacturer of solar modules in Japan will unveil a suite of new products and services designed for the evolving Japanese residential and C&I markets
    • Among them will be new solar energy solutions that will help homeowners increase their self-consumption of PV
    • Q CELLS Japan will also showcase its new Q.HOME ZERO energy service as part of its in-booth presentation program
    • Junichi Katayama, Marketing Head at Q CELLS Japan, said: “This is the first year that Q CELLS Japan has exhibited in the Smart Grid Expo rather than the PV Expo, because we believe that as a company it is important to transition towards becoming a full service provider of energy in order to better reflect the changing demands of the Japanese market.”

    [Tokyo, Japan, February 25, 2019] Hanwha Q CELLS Japan ("Q CELLS Japan" or “the Company”), the Japanese affiliate of one of the largest solar cell and module manufacturers in the world, Hanwha Q CELLS Co. Ltd., will unveil a suite of new solar energy solutions designed to meet the evolving needs of the Japanese residential and commercial and industrial (C&I) markets at the Smart Grid Expo held at Tokyo Big Sight in Tokyo, Japan, between February 27 and March 1.

    The ethos of Q CELLS Japan’s updated range of products is driven by the maturation of the residential solar sector, which has begun its transition towards a post-FIT (Feed-in Tariff) landscape where consuming, rather than selling solar energy will play a larger role.

    A changing energy sector needs new energy solutions

    FIT payments used to be the main driving force for Japan’s small-scale solar energy sector. However, Japan’s solar market has undergone significant changes in recent months as the government has ended the sequential increase of the FIT. Allied with increasing homeowner desire to ‘disaster-proof’ their power supply, solutions designed to meet the demands of the Japanese electricity sector have begun to emerge.

    Japan’s government remains determined to make renewable energy a major energy source, and the market itself is now moving towards independence from FIT with increasing growth in self-consumption and even the selling of subsidy-free electricity at large scale. At the forthcoming Smart Grid and PV Expo in Tokyo, Q CELLS Japan will showcase its unique energy solutions that have been designed to help homeowners join this post-FIT solar energy landscape.

    Visitors to the Q CELLS Japan booth (Venue 29 – 52, East Hall 4) at the Smart Grid Expo can learn more about the range of new products and services on display thanks to a full program of in-booth presentations that will be held over the course of the three-day expo. This includes a presentation on PV and storage market insights from Germany, which has long pioneered new trends and technologies in green energy.

    There will also be a short presentation revealing the forthcoming Q.HOME ZERO service from Q CELLS Japan, which is a solar energy solution that makes it easier for homeowners to self-consume their energy by removing the upfront costs of a solar system.

    Also at the Q CELLS Japan booth will be a range of new products specifically designed for the Japanese market. These include five new inverter products and a range of new storage solutions, which include batter systems both branded by Q CELLS Japan and non-branded. Additionally, the Q CELLS Japan booth will also exhibit four of the latest Q CELLS solar modules available for Japan’s residential and industrial sectors.

    Junichi Katayama, Marketing Head at Q CELLS Japan, said: “We are very excited to launch this new suite of services and products at the Smart Grid Expo in Tokyo. This is the first year that Q CELLS Japan has exhibited in the Smart Grid Expo rather than the PV Expo, because we believe that as a company it is important to transition towards becoming a full service provider of energy in order to better reflect the changing demands of the Japanese market.”

    About Hanwha Q CELLS Japan

    Hanwha Q CELLS Japan Co., Ltd was established in 1984 as Japanese subsidiary of a South Korea’s leading enterprise, Hanwha Group and commemorated 30th anniversary in February 2014. Hanwha Q CELLS Japan conducts exportation, importation in Asia and sales in Japanese market for various key industries such as solar energy (photovoltaic module importation and IPP), chemicals, iron, steel, mechatronics, manufacturing facilities, automotive components and IT products. In 2017, Hanwha Q CELLS Japan became the leading PV module supplier in Japan based on shipment volume, reached 3.4 GW of total shipment volume and 30,000 installations on residential roofs, ever since the company entered PV business in 2011. For more information, visit: http://www.q-cells.jp/

    Safe-Harbor Statement

    This press release contains forward-looking statements. 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. 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.

    Contact:

    Hanwha Q CELLS GmbH

    Corporate Communications

    Oliver Beckel, Ian Clover

    Tel: +49 (0)3494 6699 10121

    E-mail: presse@q-cells.com

  • Q CELLS Q.PARTNER program goes from strength-to-strength as network exceeds 1,000

    Feb 22, 2019 12:00:00 AM

    • More than 1,000 Q.PARTNERS are now working with Q CELLS across the EU
    • Q.PARTNER program is a long-standing collaboration between Q CELLS and a variety of solar professionals, delivering mutual benefits
    • Training session roadshow held in January across Germany helped to further strengthen relationships with Q.PARTNERS
    • Q CELLS’ Head of EU Marketing, Sinah Sartori, said: “The development of the Q.PARTNER program is extremely encouraging, as the program serves as an essential pillar in strengthening our customer relationships. As our product and services portfolio evolves, it is vital to inform our 1,000+ Q.PARTNERS about the opportunities available to them. This is why our training session roadshow was so meaningful.”

    [Berlin, Germany, February 22, 2019] Hanwha Q CELLS GmbH ("Q CELLS" or “The Company”), the German subsidiary of one of the largest solar cell and module manufacturers in the world,

    Hanwha Q CELLS Co., Ltd., can today confirm that the Company began 2019 with more than 1,000 Q.PARTNERS in its ever-expanding EU network of trusted solar installers and distributors.

    Devised as a means to ensure that solar professionals working with Q CELLS receive all the necessary marketing, branding and sales support, the Q.PARTNER program has become a beacon of what it means to work with Q CELLS across the European Union (EU).

    Member numbers in the Q.PARTNER network now exceed 1,000, with a significant number of Q.PARTNERS operating in most of the leading solar markets of Europe. The number of registered partners is expected to continue growing in 2019 as Q CELLS seeks to build upon the strong foundations the Company has established throughout Europe over the past couple of years.

    Growing EU market and evolving Q CELLS portfolio create further opportunities

    As a leading solar module, systems and storage supplier, Q CELLS must constantly strike a balance between expansion and responsibility, not least in ensuring that the Company’s growing network of Q.PARTNERS receives the necessary support. The network helps ensure that the end customer is accurately introduced to Q CELLS’ product portfolio, and that the installer is equipped with the right amount of insight, product knowledge and supportive marketing material to ensure they are able to offer precise and comprehensive advice.

    Given Q CELLS’ growing market share across Europe (the Company has been confirmed by EuPD Research as having the largest solar market share in Germany in 2018, for example), as well as Q CELLS’ broadening product and service portfolio for 2019, Q CELLS conducted a training session roadshow in mid-January to help explain the Company’s smart energy solutions, which in Germany will include the Q.HOME Cloud and Q.ENERGY in 2019. These additions to the Company’s portfolio see Q CELLS move into the next generation of energy solutions by becoming a fully integrated provider of clean energy, offering customers the chance to become 100% fully autonomous consumers of their electricity.

    More than 170 Q.PARTNERS attended the training sessions held in Münster, Soltau, Thalheim, Pforzheim and Augsburg, where demonstrations of Q CELLS’ Q.HOME+ ESS storage solutions were also given. Due to the high interest, further Q CELLS roadshows are planned over the course of the first half of 2019, resuming in Germany in March.

    Q CELLS’ Head of EU Marketing, Sinah Sartori, said: “The development of the Q.PARTNER program is extremely encouraging, as the program serves as an essential pillar in strengthening our customer relationships. As our product and services portfolio evolves, it is vital to inform our 1,000+ Q.PARTNERS about the opportunities available to them. This is why our training session roadshow was so meaningful.”

    About Hanwha Q CELLS

    Hanwha Q CELLS Co., Ltd. (“Hanwha Q CELLS”) 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.

    Safe-Harbor Statement

    This press release contains forward-looking statements. 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. 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.

    Contact:

    Hanwha Q CELLS GmbH

    Corporate Communications

    Oliver Beckel, Ian Clover

    Tel: +49 (0)3494 6699 10121

    E-mail: presse@q-cells.com

  • Q CELLS showcased new C&I storage solutions at BePositive trade show in France

    Feb 21, 2019 12:00:00 AM

    • Q CELLS, in cooperation with TESVOLT, will address the increasing demand for containerized stationary storage systems and storage solutions for commercial applications in France
    • Q CELLS exhibited a new storage solution for commercial and industrial applications at the recent BePositive energy trade fair, alongside the company’s solar module and storage portfolio as well as its in-house Q.FLAT mounting system
    • Maeng Yoon Kim, Head of EU Sales at Q CELLS, said: “The BePositive event was yet another fantastic opportunity to assess the French solar market, which has received immense government support in recent years. Q CELLS expects further strong growth in France as the market matures and storage solutions become increasingly popular.”

    [Berlin, Germany, February 21, 2019] Hanwha Q CELLS GmbH ("Q CELLS" or “the Company”), the German subsidiary of one of the largest solar cell and module manufacturers in the world, Hanwha Q CELLS Co., Ltd., has entered into a pilot phase cooperation with German storage experts TESVOLT that will see the two companies collaborate on providing containerized stationary storage systems and storage solutions for commercial applications in the French and Swiss markets.

    Q CELLS’ growing portfolio of solar and storage products includes the Q.HOME+ ESS HYB-G2 scalable energy storage system, which was piloted in Germany last year. This modular battery system can be scaled up to a maximum of 20 kWh capacity, at increments of 4 kWh.

    During this pilot phase cooperation, Q CELLS will market TESVOLT’s high performance products – such as its containerized stationary storage solutions designed for commercial and industrial (C&I) customers – alongside Q CELLS’ complete portfolio of solar and storage products via a single Q CELLS sales contact.

    This technical alliance has been introduced into France and Switzerland to help support these markets’ growing demand for energy independence and self-consumption of solar energy, and to help enable more and more installers to meet the requirements of France’s ZNI tenders for non-interconnected zones. Q CELLS’ partnership offer with TESVOLT includes the installation, monitoring, service and support of these storage systems.

    Q CELLS showcases storage and broad solar solutions portfolio at trade fair

    Held between February 13-15 in Lyon, France, the BePositive expo showcased France’s dynamic and changing energy sector – which sees renewables, and particularly solar, increasingly brought to the fore.

    Q CELLS, as one of the leading players in the French solar market, was one of the 519 exhibitors at the BePositive trade fair, and showcased not only its Q.HOME+ ESS HYB-G2 storage solution and its collaboration with TESVOLT, but also its complete portfolio of solar modules available in the French market (including the award-winning Q.PEAK DUO-G6 half-cut cell module) as well as the Q.FLAT mounting system for C&I rooftop installations.

    Q CELLS’ Head of Sales France, Stephan Maurel, said: “TESVOLT has rapidly established itself as one of the most innovative storage providers in the C&I and small utility-scale space in Europe, so we are delighted to have partnered with them on this storage alliance in France and Switzerland.”

    “We are very happy that Q CELLS has chosen TESVOLT as partner to complete its high-performance storage solutions to the commercial and containerized stationary storage segment,” said Michael Geib, VP Sales of TESVOLT. “Q CELLS has an outstanding position as technology and market leader in the French market and as such we see in Q CELLS the ideal partner to push our market presence in France.”

    Maeng Yoon Kim, Head of EU Sales at Q CELLS, added: “The BePositive event was yet another fantastic opportunity to assess the French solar market, which has received immense government support in recent years. Q CELLS expects further strong growth in France as the market matures and storage solutions become increasingly popular.”

    “The BePositive trade fair was a great opportunity to explain and demonstrate this intelligent storage concept to the French market, as well as to showcase Q CELLS’ broadening solar portfolio, which includes market-leading solar modules and innovative mounting systems that have been designed to lower LCOE significantly,” Stephan Maurel concluded.

    About Hanwha Q CELLS

    Hanwha Q CELLS Co., Ltd. (“Hanwha Q CELLS”) 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.

    About TESVOLT

    Tesvolt specialises in commercial battery storage systems. The innovative company from Lutherstadt Wittenberg produces storage systems with state-of-the-art prismatic lithium battery cells from Samsung SDI, based on nickel manganese cobalt oxide. Tesvolt storage systems function just as well at low voltage as at high voltage, and can be connected to all energy producers: sun, wind, water, biogas and combined heat and power – on-grid and off-grid. All storage systems are produced at Tesvolt’s manufacturing facility in Germany. In 2018, Tesvolt was awarded the German Entrepreneur Award. In the same year, Tesvolt received the "The smarter E award" in the "Outstanding projects" category for the off-grid power supply of an avocado farm in southwestern Australia.

    http://www.tesvolt.com/en

    Safe-Harbor Statement

    This press release contains forward-looking statements. 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. 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.

    Contact:

    Hanwha Q CELLS GmbH

    Corporate Communications

    Oliver Beckel, Ian Clover

    Tel: +49 (0)3494 6699 10121

    E-mail: presse@q-cells.com

  • Q CELLS awarded ‘Top Brand PV’ seal by EuPD Research for sixth year running

    Jan 31, 2019 12:00:00 AM

    • Award marks sixth year in a row that Q CELLS has been recognized as a top PV brand in Europe, and fourth year in a row in Australia
    • Seal is awarded based on the recommendations of participating installers, and reasserts the Company’s exceptional product quality, service, and reputation
    • Hanwha Q CELLS Co., Ltd. CEO Mr. Hee Cheul (Charles) Kim said: “It is encouraging to once again receive this distinguished accolade, especially at a time when European and Australian solar installers are demanding even greater quality and service. We are pleased to be able to consistently meet and surpass their expectations.”

    [Berlin, Germany, January 31, 2019] Hanwha Q CELLS GmbH ("Q CELLS" or “The Company”), the German subsidiary of one of the largest solar cell and module manufacturers in the world, Hanwha Q CELLS Co., Ltd. has been awarded the “Top Brand PV” seal by internationally recognized research institute EuPD Research. The award marks the sixth year in a row that Q CELLS has been recognized as one of the leading solar brands in Europe, and the fourth year in a row in Australia.

    EuPD Research awards the Top Brand PV seals based on its Global PV InstallerMonitor survey, which compiles the opinions of participating solar installers from leading solar markets. Q CELLS received the Top Brand PV 2019 status in the European countries of Germany, Switzerland, Austria, Italy, France, the Netherlands, the UK, and Belgium. Therefore, Q CELLS was rated as a brand that delivers exceptional products and service quality throughout the major dynamic solar markets of Europe. Beyond Europe, Australian installers continue to be recognized as the Company’s brand strength and enduring appeal.

    Six-in-a-row achievement serves as a reminder of Q CELLS’ commitment to quality

    In securing its sixth EuPD Research Top Brand PV seal, Q CELLS further cements its reputation as one of the most trusted and respected solar companies in Europe. The EuPD Research Global PV InstallerMonitor surveys more than 100 installers in each nation (75 in Belgium) and is widely renowned to be an accurate and independent method of gauging which solar companies consistently earn the trust of installers operating in these competitive markets.

    Such feedback – derived from the very companies at the heart of the solar industry – is vital for end-users because it places emphasis not only on brand strength, but also on brand reputation and products’ quality. By receiving the Top Brand PV seal for six consecutive years, Q CELLS has demonstrated a level of consistency in quality and service that is largely unmatched in the industry.

    The accolade follows on the heels of EuPD Research data confirming that Q CELLS was the leading solar module supplier in Germany in 2018, which remains to be the Europe’s largest solar market.

    Mark A. W. Hoehner, CEO at EuPD Research, said: “There are only a few companies that have been able to consistently reach ’Top Brand PV’ status over the last few years. For almost ten years we have identified those top brands to enable installers and end customers to differentiate the most sustainable and reliable partners from others, and criteria like this are key purchasing decision drivers in Europe.”

    Mr. Hee Cheul (Charles) Kim, CEO of Hanwha Q CELLS Co., Ltd., added: “It is encouraging to once again receive this distinguished accolade, especially at a time when European and Australian solar installers are demanding even greater quality and service. We are pleased to be able to consistently meet and surpass their expectations. We are already a market leader in many important European markets, and this further recognition from EuPD Research will no doubt spur Q CELLS to continue its drive to increase its market share across the continent.”

    Latest award adds to Q CELLS’ growing roll-call of accolades

    The Top Brand PV 2019 seal joins a growing list of accolades and awards bestowed upon Q CELLS in the past 12 months. This roll-call of achievement serves to yet again underline the Company’s commitment to producing high quality products, cutting-edge technology, and exceptional service.

    - Hanwha Q CELLS Co., Ltd. ranked as “Top Performer 2018” in the latest DNV GL PV Module Reliability scorecard published in May last year.

    - Q CELLS’ Q.PEAK DUO-G5 half-cut cell module won the Intersolar Award 2018 in the category of Photovoltaics in Munich last June.

    - The innovative Q.FLAT-G5 roof mounting system won the Solar+Power Award for best BOS Innovation in September last year.

    About Hanwha Q CELLS

    Hanwha Q CELLS Co., Ltd. (“Hanwha Q CELLS”) 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, China, and South Korea. Hanwha Q CELLS offers the full spectrum of photovoltaic products, applications and solutions, from cells and 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, Hanwha Q CELLS 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.q-cells.com.

    Safe-Harbor Statement

    This press release contains forward-looking statements. 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. 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.

    Contact:

    Hanwha Q CELLS GmbH

    Corporate Communications

    Oliver Beckel, Ian Clover

    Tel: +49 (0)3494 6699 10121

    E-mail: presse@q-cells.com

  • Hanwha Q CELLS modules secure another low-carbon certificate for French solar tenders

    Jan 21, 2019 12:00:00 AM

    • Carbon footprint of 300 kg-eq/C0²/kWc achieved for Q.PEAK and Q.PEAK DUO module series
    • France’s ambitious solar goals driven by the CRE bidding market, which promotes the use of modules with a low carbon footprint
    • Hanwha Q CELLS’ Head of EU Sales, Maengyoon Kim said: “We are encouraged that the efforts of the French government to lower its carbon footprint align perfectly with our own as a company.”

    [Berlin, Germany, January 21, 2019] Hanwha Q CELLS GmbH ("Hanwha Q CELLS" or “The Company”), the German subsidiary of one of the largest solar cell and module manufacturers in the world, Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL), has received a carbon footprint (CFP) certification of 300 kg-eq/CO²/kWc in France for its high-efficiency Q.PEAK  and Q.PEAK DUO module series.

    The current certifications mean that Hanwha Q CELLS’s high-efficiency Q.PEAK and Q.PEAK DUO modules continue to meet the stringent low-carbon demands of the French government.

    Low-carbon tenders present major opportunity for France

    With the latest issue of the PPE (Multi-Annual Energy Program), France’s solar power sector has been set ambitious annual growth targets of up to 44.5 GWp by 2028. Currently, solar capacity in France is just under 9 GW.

    In achieving another low carbon footprint result for its Q.PEAK and Q.PEAK DUO modules, Hanwha Q CELLS further strengthens its market position in France, said Hanwha Q CELLS’ Head of EU Sales, Maengyoon Kim. “The entire value chain of Hanwha Q CELLS is committed to clean energy and low-carbon values, which is why we are pleased to be once again recognized in France for our commitment to lowering our carbon footprint. As a global leader in solar cell and module technology, we pride ourselves in setting the best example, and continue to appreciate France’s vision and leadership in this regard, too.”

    Stephan Maurel and Laurent Bodin, Head of Sales France, added: “Hanwha Q CELLS has long seen the excellent opportunity for France to shift more and more of its energy supply to renewables, solar in particular. By doing so in the most eco-friendly way possible, we believe that France can become a role model for other European nations to follow.”

    Hanwha Q CELLS’ Head of EU Sales, Maengyoon Kim added: “We are encouraged that the efforts of the French government to lower its carbon footprint align perfectly with our own as a company.”

    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.

    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.

    Contact:

    Hanwha Q CELLS GmbH

    Corporate Communications

    Oliver Beckel, Ian Clover

    Tel: +49 (0)3494 6699 10121

    E-mail: presse@q-cells.com

  • Hanwha Q CELLS Announces Completion of Going-Private Transaction

    Jan 16, 2019 12:00:00 AM

  • SEOUL, South Korea, Jan. 16, 2019 /PRNewswire/ -- Hanwha Q CELLS Co., Ltd. ("Hanwha Q CELLS" or the "Company") (NASDAQ: HQCL), a global leading photovoltaic manufacturer of high-performance, high-quality solar modules, today announced the completion of its merger (the "Merger") with and into Hanwha Solar Holdings Co., Ltd. (the "Hanwha Solar"), a wholly-owned subsidiary of Hanwha Chemical Corporationincorporated in the Republic of Korea ("Hanwha Chemical"), pursuant to the plan of merger executed on October 15, 2018 by and between Hanwha Solar and the Company (the "Plan of Merger") and filed with the Registrar of the Companies of the Cayman Islands as of January 16, 2019. As a result of the Merger, the Company will cease to exist, and Hanwha Solar will continue as the surviving company (the "Surviving Company") as a wholly-owned subsidiary of Hanwha Chemical. Under the laws of the Cayman Islands, holders of the ordinary shares ("Ordinary Shares") or the American Depositary Shares of the Company ("ADSs") were not required to vote or direct the vote of such ordinary shares or ADSs, as applicable, with respect to the Merger, and will not be able to exercise any dissenters' rights under the laws of the Cayman Islands.

    Under the terms of the Plan of Merger, each Ordinary Share issued and outstanding immediately prior to the effective date of the Merger (the "Effective Date") has been cancelled in exchange for the right to receive $0.198 without interest, and because each ADS represents 50 Ordinary Shares, each outstanding ADS represents the right to receive $9.90 without interest (less $0.05 per ADS cancellation fees and a depositary service fee (DSF) of $0.02 per ADS, net of any applicable withholding taxes) (the "Merger Consideration"), except for Ordinary Shares owned by Hanwha Solar, which have been cancelled and cease to exist without payment of any consideration or distribution in respect thereof.

    Each shareholder of the Company as of the Effective Date who is entitled to the Merger Consideration will receive a letter of transmittal and instructions from the paying agent on how to surrender its share certificates (or affidavits and indemnities of loss in lieu of the share certificates) or non-certificated shares represented by book entry in exchange for the Merger Consideration. Each certificated shareholder will surrender its share certificate(s) upon receipt of the letter of transmittal and each uncertificated shareholder will receive an amount equal to the amount of the Merger Consideration to which such holder is entitled as soon as practicable after the Effective Date. As soon as practicable after receiving the aggregate Merger Consideration from the paying agent, The Bank of New York Mellon, as the depositary with respect to ADSs, will pay $ 9.90 per ADS without interest (less $0.05 per ADS cancellation fees and a depositary service fee (DSF) of $0.02 per ADS, net of any applicable withholding taxes) to the holders of ADSs.

    The Company also announced today that it has requested that trading of its ADSs on The Nasdaq Stock Market (the "NASDAQ") be suspended as soon as practicable by requesting the NASDAQ to file a notification on Form 25 with the Securities and Exchange Commission (the "SEC") to delist the ADSs. The Company then intends to terminate the registration of its registered securities and suspend its reporting obligations under the Securities Exchange Act of 1934, as amended, by filing a Form 15 with the SEC. The Company's reporting obligations will be suspended immediately as of the filing of the Form 15.

    In connection with the Merger, Houlihan Lokey Capital, Inc. is serving as financial advisor to the Special Committee, Skadden, Arps, Slate, Meagher & Flom LLP is serving as U.S. legal counsel to the Special Committee, and Conyers Dill & Pearman is serving as Cayman Islands legal counsel to the Special Committee.

    In connection with the Merger, Citigroup Global Markets Korea is serving as financial advisor to Hanwha Solar, Cleary Gottlieb Steen & Hamilton LLP is serving as U.S. legal counsel to Hanwha Solar, and Walkers is serving as Cayman Islands legal counsel to Hanwha Solar.

    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.

    Safe Harbor Statement

    This report contains forward-looking statements that are not statements of historical fact. 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. Such statements, particularly statements about our guidance for performance in the second quarter and the full year 2018, involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such risks and uncertainties include pending administrative and civil actions in the United States under existing or potential new statutes and regulations governing trade between the United States and other countries, and potential antidumping, countervailing or other duties imposed on goods imported into the United States, as well as the Company's access to new capacity from an affiliate. Further information regarding these and other risks is included in Hanwha Q CELLS' filings with the 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 any forward-looking statements, whether as a result of new information, future events or otherwise.

    Cision View original content:HTTP://WWW.PRNEWSWIRE.COM/NEWS-RELEASES/HANWHA-Q-CELLS-ANNOUNCES-COMPLETION-OF-GOING-PRIVATE-TRANSACTION-300779275.HTML

    SOURCE Hanwha Q CELLS Co., Ltd.

    Sam Chun, +82-2-6049-0726

  • Hanwha Q CELLS achieves No.1 market share in German solar module market in 2018

    Jan 15, 2019 12:00:00 AM

    • Installer data from EuPD Research shows Hanwha Q CELLS captured the largest share of solar module market in Germany last year
    • Leadership position attained by focusing on high efficiency modules with residential and commercial solutions
    • Growth of Q.PARTNER sales network helped boost sales, while brand awareness increased through sponsorship of German Bundesliga football club RB Leipzig
    • Wood Mackenzie data further indicates Hanwha Q CELLS’ market leadership in U.S. residential solar market in third quarter of 2018
    • Hanwha Q CELLS’ CEO Mr. Hee Cheul (Charles) Kim remarked: “Based on superior technology leadership and quality competitiveness, we will continue to accelerate Hanwha Q CELLS’ market penetration not just in Germany, but the whole of Europe.”

    [Thalheim (Bitterfeld-Wolfen), Germany, January 15, 2019] Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL) (“Hanwha Q CELLS” or the “Company”), one of the largest solar cell and module manufacturers in the world, today announced that it achieved top market share in Germany’s solar module market in 2018. According to the survey titled Global PV InstallerMonitor 2018/2019 by EuPD Research, Hanwha Q CELLS cornered a larger share of module sales than any other company in Germany last year.

    This performance is the result of steadily targeted premium solar market in Germany, which has firmly embraced high-efficiency solar modules, and focusing on a customer-oriented product portfolio.

    Influence of solar energy is growing as German transition accelerates

    According to the International Energy Agency (IEA), Germany’s electricity production from solar energy accounted for 6.1% of the total electricity generation in 2017, while electricity production from renewable sources reached 33.6%. In 2018, renewables overtook coal to become Germany’s main energy source, supplying just over 40% of electricity production according to research from Fraunhofer. A growing trend helping to drive Germany’s energy transition (the Energiewende, which is targeting 65% renewable energy share by 2030) is rising demand for high-efficiency products - especially in the residential and commercial solar energy market.

    Equally, the market for self-consumption, rather than actual electricity consumption, is expanding, because solar energy is more economical than coal or gas power generation. Hanwha Q CELLS has strengthened its market dominance based on high-efficiency premium solar modules and solutions that boast excellent product performance and meet the high quality demands of the German solar market.

    An appetite for high efficiency, quality and customer care

    For many years, Hanwha Q CELLS has supplied high efficiency premium solar modules based on the Company’s proprietary Q.ANTUM technology, which improves the power output and long-term stability of its solar products while meeting the stringent purchasing standards of typical German consumers. Though based on passivated emitter rear-side cell (PERC) technology, Q.ANTUM technology offers a number of additional benefits that differentiate the technology from conventional PERC products, ensuring high module performance output and long-term reliability thanks to excellent anti-PID (potential induced degradation), anti-LID (light induced degradation) and anti-LeTID (light and elevated temperature induced degradation) performance.

    Across many parts of Europe but particularly in Germany, Hanwha Q CELLS has also successfully introduced the Q.HOME: a total energy solution for the residential market that combines all of the necessary energy management functions for the household, including energy storage. In the commercial and industrial (C&I) space, Hanwha Q CELLS’ Q.FLAT is a solution that helps to reduce installation time and cost, thus providing a convenient and cost-effective solution to C&I and some residential customers.

    In addition to Hanwha Q CELLS’ technical prowess, the expansion of the Company’s sales network via its Q.PARTNER program has also played a key role in serving the German solar market. The Q.PARTNER program provides various collaborative services such as on/offline education for solar installers, and offers insightful marketing materials to partner companies. In Germany alone, 640 partner companies have joined the program to be able to collaborate closely with Hanwha Q CELLS and respond to customer’s needs immediately. Currently, more than 80% of the Company’s European residential and commercial market sales are made through the Q.PARTNER program, and as the European residential and commercial markets are expected to grow steadily, Q.PARTNER is expected to become more important in targeting Europe’s premium markets.

    Hanwha Q CELLS has also become a familiar brand to European consumers through visible sports marketing. In September of last year, Hanwha Q CELLS signed a partnership extension agreement with RB Leipzig, a leading football club in Germany’s Bundesliga. Under this agreement, Hanwha Q CELLS maintained its existing rights such as advertising on cam carpets next to the goals, on the LED hoardings around the pitch and exclusively on the team benches. Moreover, the Company has secured additional rights to promote its Q CELLS brand on the famous EA Sports video game franchise FIFA (FIFA 19 version) whenever RB Leipzig home matches are played.

    Hanwha Q CELLS’ CEO Mr. Hee Cheul (Charles) Kim remarked: “Securing top market share in Germany, which is the main market in Europe, once again proves Hanwha Q CELLS’ strong brand power. Based on superior technology leadership and quality competitiveness, we will continue to accelerate Hanwha Q CELLS’ market penetration not just in Germany, but the whole of Europe.”

    Meanwhile, according to the U.S. PV Leaderboard report released by global energy consulting firm Wood Mackenzie Power & Renewables in December 2018, Hanwha Q CELLS achieved the top market share in the U.S. residential solar market in the third quarter of 2018.

    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.

    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.

    Contact:

    Hanwha Q CELLS GmbH

    Corporate Communications

    Oliver Beckel, Ian Clover

    Tel: +49 (0)3494 6699 10121

    E-mail: presse@q-cells.com

  • Hanwha Q CELLS Announces Shareholder Resolutions Adopted at Annual General Meeting

    Dec 28, 2018 12:00:00 AM

  • SEOUL, South Korea, Dec. 28, 2018 /PRNewswire/ -- Hanwha Q CELLS Co., Ltd. ("Hanwha Q CELLS" or the "Company") (NASDAQ: HQCL), a global leading photovoltaic manufacturer of high-performance, high-quality solar modules, today announced the shareholder resolutions adopted at its annual general meeting of shareholders ("AGM") held in Seoul, South Korea on December 28, 2018.

    Hanwha Q CELLS' shareholders adopted the following resolutions:

    - As an ordinary resolution, that Hee Cheul (Charles) Kim, who was elected by the directors of the Company as a director on October 1, 2018, be elected as a director and Chairman of the Company to hold office in accordance with the Articles of Association of the Company for a two-year term with effect from the date of the AGM
    - As an ordinary resolution, that Jung Pyo (Jay) Seo, who was nominated for the third term by the directors of the Company as a director on November 20, 2018, be re-elected as a director of the Company to hold office in accordance with the Articles of Association of the Company for a two-year term with effect from the date of the AGM
    - As an ordinary resolution, that Young Soon Kim, who was nominated for the second term by the directors of the Company as a director on November 20, 2018, be re-elected as a director of the Company to hold office in accordance with the Articles of Association of the Company for a two-year term with effect from the date of the AGM
    - As an ordinary resolution, that Ernst & Young Han Young be appointed as independent auditor of the Company for the financial statements ending December 31, 2018

    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 diverse international manufacturing facilities in Malaysia and China.  Its domicile is Georgetown, Grand Cayman Islands. 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/.

    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.

    Sam Chun, Manager, Investor Relations, +82 2 6049 0726

  • Hanwha Q CELLS surpasses 10 GW of Q.ANTUM solar cell production - first time ever for any PERC technology

    Dec 17, 2018 12:00:00 AM

    • Hanwha Q CELLS passed the 10 GW production mark for its proprietary Q.ANTUM solar cell technology
    • The Company will end 2018 having produced more than 2.5 billion individual Q.ANTUM cells since commencing commercialization in 2012
    • Hanwha Q CELLS CTO Dr. Daniel Jeong remarked: "Hanwha Q CELLS' Q.ANTUM technology has been a real game-changer - not just in underpinning the Company's renowned Q.PEAK and Q.PLUS module series, but also in terms of raising standards in module performance and efficiency throughout the solar industry. We are proud to have surpassed 10 GW of production and enter 2019 looking to accelerate Q.ANTUM's growth towards the 20 GW milestone."

    BERLIN, Dec. 17, 2018 /PRNewswire/ -- Hanwha Q CELLS (collectively referring to Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL as well as Hanwha Q CELLS & Advanced Materials Corporation) (or the "Company"), one of the largest solar cell and module manufacturers in the world, today announced that it has surpassed the 10 GW threshold for production of the Company's proprietary Q.ANTUM cell technology.

    This production landmark was achieved earlier this year, and Hanwha Q CELLS is on course to end 2018 having produced more than 2.5 billion Q.ANTUM solar cells since first mass-commercializing the technology in 2012. To help illustrate just how many Q.ANTUM solar cells the industry has embraced, 2.5 billion solar cells laid end-to-end would cover a distance of approximately 390,000 km - enough to circle around the globe at the equator almost ten times and roughly the distance from the earth to the moon.

    Q.ANTUM is the proprietary solar cell technology platform for Hanwha Q CELLS. Though based on passivated emitter rear-side cell (PERC) technology, Q.ANTUM offers a number of additional benefits that differentiate the technology from conventional PERC products. These benefits include high module performance output and long-term reliability thanks to excellent anti-PID (potential induced degradation), anti-LID (light induced degradation) and anti-LeTID (light and elevated temperature induced degradation) performance.

    Q.ANTUM: Delivering a wealth of benefits for the customer

    Recently, Fraunhofer CSP independently tested the anti-LeTID performance of nine different module types from leading solar manufacturers and found that Hanwha Q CELLS' monocrystalline silicon Q.PEAK DUO and multicrystalline Q.PLUS modules exhibited <1% power loss when subjected to LeTID testing conditions. This result placed both modules as market leaders of Fraunhofer's performance graph.

    In addition to market-leading anti-degradation performance, Hanwha Q CELLS provides for all of its Q.ANTUM cells and modules excellent performance warranties, Hot-Spot-Protect and Tra.Q laser marking to ensure 100% traceability and a guarantee of the Company's strict quality standards.

    Hanwha Q CELLS has more than 5 GW of global Q.ANTUM cell capacity, which equates to one of the industry's largest PERC-based capacities. The Company's flagship products that are helping to drive the uptake of Q.ANTUM technology include the Q.PEAK DUO-G5 solar module range, which boasts half-cut cell technology and six bus bars to deliver efficiencies of close to 20% and power output of up to 330 Wp for 120 half-cut cells and up to 400 Wp for 144 half-cut cells.

    Dr. Daniel Jeong, CTO of Hanwha Q CELLS, remarked: "Hanwha Q CELLS' Q.ANTUM technology has been a real game-changer - not just in underpinning the Company's renowned Q.PEAK and Q.PLUS module series, but also in terms of raising standards in module performance and efficiency throughout the solar industry. We are proud to have surpassed 10 GW of production and enter 2019 looking to accelerate Q.ANTUM's growth."

    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.

    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.

    Contact:

    Hanwha Q CELLS GmbH 
    Corporate Communications  
    Oliver Beckel, Ian Clover  
    Tel: +49 (0)3494 6699 10121  
    E-mail: PRESSE@Q-CELLS.COM

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    SOURCE Hanwha Q CELLS Co., Ltd.

  • Hanwha Q CELLS’ product portfolio delivers market-leading anti-LeTID performance in Fraunhofer CSP test

    Dec 6, 2018 12:00:00 AM

    • Both half-cell monocrystalline Q.PEAK DUO modules and multicrystalline Q.PLUS modules demonstrate market-leading anti-LeTID performances
    • Fraunhofer CSP independently tested two batches of nine different types of modules for in high-temperature conditions of up to 75°C
    • Hanwha Q CELLS Co., Ltd. CTO Daniel Jeong remarked: “The performance of our Q.PEAK DUO and Q.PLUS modules demonstrates Hanwha Q CELLS’ continued commitment to tackling the toughest challenges in the industry and highlights the importance of focusing our R&D efforts in areas where we can deliver the most added value to our customers.”
    [Berlin, Germany, December 6, 2018]

    Hanwha Q CELLS (collectively referring to Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) as well as Hanwha Q CELLS & Advanced Materials Corporation) (or the “Company”), one of the largest solar cell and module manufacturers in the world, today confirmed that its leading range of solar modules have delivered exceptional performance in a recent test conducted by Fraunhofer Center for Silicon Photovoltaics (CSP) to benchmark light and elevated temperature induced degradation (LeTID) in solar cells.

    Hanwha Q CELLS’ modules were tested by Germany’s Fraunhofer CSP and found to display negligible power loss during high-temperature testing conditions of up to 75°C. Both Hanwha Q CELLS’ half-cell monocrystalline Q.PEAK DUO modules and multicrystalline Q.PLUS modules exhibited market-leading anti-LeTID performances among the nine module types tested (comprising seven mono-Si and two multicrystalline silicon modules), including modules produced by various leading solar brands. The final test batch included two modules from each category, resulting in 18 different measurements.

    The results of this test were presented at the EU PVSEC conference in September titled: Benchmarking Light and Elevated Temperature Induced Degradation (LETID).

    Hanwha Q CELLS: anti-LeTID pioneer and market leader

    The effects of light induced degradation (LID) on PERC (passivated emitter rear cells) solar technology are well-known in the PV industry, and are tested for during standard IEC certification of solar cells. However, LeTID – which is a degradation effect identified on both monocrystalline silicon (Cz-Si) and multicrystalline silicon (mc-Si) cells at temperatures above 50°C – can account for cell degradation of up to 10%, but is less understood across the industry.

    Hanwha Q CELLS was the first solar cell developer in the industry to link the degradation of PERC cells to high temperatures and was thus the first company to devise a solution to suppress LeTID in 2015, using its Q.ANTUM cell technology that suppresses LID as well as LeTID. While the exact root cause of LeTID is still a topic of much debate among photovoltaic researchers, Hanwha Q CELLS’ Yield Security pledge guarantees that the Company’s mono and multi Q.ANTUM products are certified anti-LeTID – a claim that few other manufacturers can make.

    By controlling for both LID and LeTID, Hanwha Q CELLS can guarantee a reliable module power for the lifetime of its modules. The Fraunhofer CSP results further demonstrate the reliability and durability that the Company’s Q.PEAK DUO (Cz-Si) and Q.PLUS (mc-Si) solar modules deliver, with both module types exhibiting <1% power loss during Fraunhofer CSP’s stringent testing procedure.

    As showcased in the graph from Fraunhofer CSP, Hanwha Q CELLS’ monocrystalline (Cz-Si) and multicrystalline (mc-Si) solar modules performed favorably when exposed to accelerated LeTID test conditions (CID – current-induced degradation at 75°C and operation in maximum power point (MPP) mode) compared to other solar module brands tested.

    Commenting on the Fraunhofer CSP test results, Hanwha Q CELLS Co., Ltd. CTO Daniel Jeong said: “The performance of our Q.PEAK DUO and Q.PLUS modules demonstrates Hanwha Q CELLS’ continued commitment to tackling the toughest challenges in the industry and highlights the importance of focusing our R&D efforts in areas where we can deliver the most added value to our customers.

    Hanwha Q CELLS is proud to be at the forefront of anti-LeTID technology and will continue to shape and support the solar industry by developing new photovoltaic technologies and tackling head-on the technical hurdles that arise. We do this to ensure that our products are the go-to option for discerning developers who want to install quality that lasts and performs reliably, regardless of the conditions.”

    Fraunhofer CSP’s LeTID paper was presented at the 35th EU PVSEC Conference and Exhibition held in Brussels, Belgium, between September 24 -28 this year. This attached graph is an updated chart that highlights the results for Hanwha Q CELLS’ modules.

    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.

    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.

    Contact

    Hanwha Q CELLS GmbH

    Corporate Communications

    Oliver Beckel, Ian Clover

    Tel: +49 (0)3494 6699 10121

    E-mail: presse@q-cells.com

  • Hanwha Q CELLS Reports Third Quarter 2018 Results

    Nov 30, 2018 12:00:00 AM

  • SEOUL, South Korea, Nov. 30, 2018 /PRNewswire/ -- Hanwha Q CELLS Co., Ltd. ("Hanwha Q CELLS" or the "Company") (NASDAQ: HQCL), a global leading photovoltaic manufacturer of high-performance, high-quality solar modules, today reported its unaudited financial results for the third quarter ended September 30, 2018. The Company will not be hosting a conference call to discuss these results.

    Third Quarter 2018 Highlights

    - Net revenues were $559.3 million, compared with $518.4 million in the second quarter of 2018 and $543.0 million in the third quarter of 2017.
    - Gross margin was -6.3%, compared with 14.0% in the second quarter of 2018 and 11.6% in the third quarter of 2017. Excluding certain one-time effects, gross margin for the third quarter of 2018 was 13.0%.
    - Operating loss was $107.0 million, compared with an operating income of $4.8 million in the second quarter of 2018 and operating income of $10.6 million in the third quarter of 2017. Excluding certain one-time effects, operating income for the third quarter of 2018 was $17.9 million.
    - Net loss attributable to the Company's ordinary shareholders was $164.6 million, compared with net loss of $41.3 million in the second quarter of 2018 and net income of $5.0 million in the third quarter of 2017. Excluding certain one-time effects, net loss attributable to the Company's ordinary shareholders for the third quarter of 2018 was $39.7 million. Excluding these one-time effects as well as foreign exchange losses, net income attributable to Company's ordinary shareholders for the third quarter of 2018 was $2.7 million.
    - Loss per fully diluted American Depositary Share ("ADS" and each ADS represents 50 of the Company's ordinary shares) was $1.98, compared with loss per fully diluted ADS of $0.50 in the second quarter of 2018 and income per fully diluted ADS of $0.06 in the third quarter of 2017. Excluding certain one-time effects, loss per fully diluted American Depositary Share for the third quarter of 2018 was $0.48. Excluding these one-time effects as well as foreign exchange losses, earnings per fully diluted American Depositary Share for the third quarter of 2018 was $0.03.

    Third Quarter 2018 Results of Operations

    Net Revenues

    - Total net revenues were $559.3 million, up 7.9% from $518.4 million in the second quarter of 2018 and up 3.0% from $543.0 million in the third quarter of 2017. This was due to increased shipment volume, which mitigated the effects of declining ASPs, and an increase in demand for the Company's premium product, the Q.PEAK DUO, which was associated to the Company increasing and expanding its sales network within key regions.

    Gross Profit and Margin

    - Gross loss in the third quarter of 2018 was $35.3 million, compared to a gross profit of $72.6 million in the second quarter of 2018 and a gross profit of $63.2 million in the third quarter of 2017. Excluding a $108.2 million one-time loss associated with the discontinuation of the Company's China-based ingot manufacturing operations in September, gross profit for the third quarter of 2018 was $72.9 million. The Company concluded that it would be in its best interest to discontinue unprofitable operations and focus on its core business – the manufacturing of cells and modules. This decision was based on the fact that the current scale of ingot operations would preclude the Company from being competitive on a global scale, and while the discontinuation of ingot production resulted in a one-time loss, the Company believes it will improve long-term profitability by allowing us to focus its core competencies.
    - Gross margin in the third quarter of 2018 was -6.3%, compared with 14.0% in the second quarter of 2018 and 11.6% in the third quarter of 2017. Excluding the one-time effects related to the discontinuation of ingot manufacturing operations, gross margin for the third quarter of 2018 was 13.0%.

    Results of Operations and Operating Margin

    - Loss from operations in the third quarter of 2018 was $107.0 million, compared with income from operations of $4.8 million in the second quarter of 2018 and $10.6 million in the third quarter of 2017. Excluding the one-time effects related to the discontinuation of ingot manufacturing operations as well as a $16.7 million allowance for bad debt on certain overdue receivables, operating income for the third quarter of 2018 was $17.9 million.
    - Operating margin in the third quarter of 2018 was -19.1%, compared with 0.9% in the second quarter of 2018 and 2.0% in the third quarter of 2017. Excluding the one-time effects related to the discontinuation of ingot manufacturing operations and to certain overdue receivables, operating margin for the third quarter of 2018 was 3.2%.
    - Total operating expenses were $71.7 million in the third quarter of 2018, up 5.8% from $67.8 million in the second quarter of 2018 and up 36.3% from $52.6 million in the third quarter of 2017. Excluding the one-time effects related to certain overdue receivables, total operating expenses for the third quarter of 2018 were $55.0 million.
    - Selling and marketing expenses were $37.5 million in the third quarter of 2018, down 10.7% from $42.0 million in the second quarter of 2018 and up 22.5% from $30.6 million in the third quarter of 2017.
    - General and administrative expenses were $30.0 million in the third quarter of 2018, up 42.9% from $21.0 million in the second quarter of 2018 and up 72.4% from $17.4 million in the third quarter of 2017. Excluding the one-time effects related to certain overdue receivables, general and administrative expenses for the third quarter of 2018 were $13.3 million.
    - Research and development expenses were $4.2 million in the third quarter of 2018, down 12.5% from $4.8 million in the second quarter of 2018 and down 8.7% from $4.6 million in the third quarter of 2017.

    Net Interest Expense

    - Net interest expense was $14.1 million in the third quarter of 2018, compared with $15.2 million in the second quarter of 2018 and $10.0 million in the third quarter of 2017.

    Foreign Currency Exchange Gain (Loss)

    - Foreign currency exchange loss was $42.4 million in the third quarter of 2018, compared with a loss of $37.8 million in the second quarter of 2018 and a gain of $7.3 million in the third quarter of 2017. This was mainly due to a weak Turkish lira in relation to the U.S. dollar, causing a foreign currency exchange loss both in the second and third quarters.

    Gain (loss) on Change in Fair Value of Derivative Contracts

    - Loss on change in fair value of derivative contracts was $0.9 million in the third quarter of 2018, compared to a gain of $8.1 million in the second quarter of 2018 and a loss of $0.6 million in the third quarter of 2017.

    Income Tax Expense (Benefit)

    - Income tax expense was $1.2 million in the third quarter of 2018, compared with an income tax expense of $1.9 million in the second quarter of 2018 and an income tax expense of $2.5 million in the third quarter of 2017.

    Net Income (Loss) and Earnings (Loss) per ADS

    - Net loss attributable to Company's ordinary shareholders was $164.6 million in the third quarter of 2018, compared with net loss of $41.3 million in the second quarter of 2018 and net income of $5.0 million in the third quarter of 2017. Excluding certain one-time effects, net loss attributable to the Company's ordinary shareholders for the third quarter of 2018 was $39.7 million. Excluding these one-time effects as well as foreign exchange losses, net income attributable to Company's ordinary shareholders for the third quarter of 2018 was $2.7 million.
    - Loss per fully diluted ADS on a GAAP basis was $1.98 in the third quarter of 2018, compared with a loss per fully diluted ADS of $0.50 in the second quarter of 2018 and income per fully diluted ADS of $0.06 in the third quarter of 2017. Excluding certain one-time effects, loss per fully diluted American Depositary Share for the third quarter of 2018 was $0.48. Excluding these one-time effects as well as foreign exchange losses, earnings per fully diluted American Depositary Share for the third quarter of 2018 was $0.03.

    2018 Third Quarter Financial Position

    As of September 30, 2018, the Company had cash and cash equivalents of $197.4 million, compared with $183.4 million as of December 31, 2017. The restricted cash as of September 30, 2018 was $140.2 million, compared with $139.7 million as of December 31, 2017.

    As of September 30, 2018, accounts receivable was $554.8 million, compared with $525.4 million, as of December 31, 2017. Inventories were $498.4 million as of September 30, 2018, compared with $293.6 million as of December 31, 2017.

    As of September 30, 2018, accounts payable was $665.9 million, compared with $454.8 million, as of December 31, 2017.

    Total short-term borrowings (including the current portion of long-term borrowings) as of September 30, 2018 was $729.5 million, compared with $679.5 million as of December 31, 2017.

    As of September 30, 2018, the Company had total long-term debt (net of current portion and long-term notes) of $625.5 million compared with $536.2 million as of December 31, 2017. The Company's long-term debt is comprised of bank and government borrowings, to be repaid in installments until their maturities, ranging from one to thirteen years.

    Capital expenditures were $11.3 million in the third quarter of 2018.

    Operations Updates

    Production Capacity

    As of September 30, 2018, the Company's in-house, annualized production capacities were 4,500 MW for cells and 4,500 MW for modules.

    Furthermore, the Company has additional module availability of up to 3,900 MW (annualized) as of September 30, 2018 from Hanwha Q CELLS Korea Corporation, an affiliate of the Company. Hanwha Q CELLS Korea is expected to have a nameplate capacity of 1,700 MW of module capacity in the United States in the first quarter of 2019.

    Business Outlook

    Fourth Quarter and Full Year 2018 Guidance

    For the fourth quarter of 2018, the Company estimates net revenues in the range of $590 to 610 million.

    For the full year 2018, the Company provides the following guidance:

    - Total module shipments in the range of 5,500 to 5,700 MW
    - Capital expenditures of approximately $146.0 million for manufacturing technology upgrades and certain R&D related expenditures.

    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.

    Safe Harbor Statement

    This report contains forward-looking statements that are not statements of historical fact. 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. Such statements, particularly statements about our guidance for performance in the second quarter and the full year 2018, involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such risks and uncertainties include pending administrative and civil actions in the United States under existing or potential new statutes and regulations governing trade between the United States and other countries, and potential antidumping, countervailing or other duties imposed on goods imported into the United States, as well as the Company's access to new capacity from an affiliate. Further information regarding these and other risks is included in Hanwha Q CELLS' filings with the 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 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.

    Sam Seoyun Chun, seoyun.chun@hanwha-qcells.com, +82-2-7292179

  • Hanwha Q CELLS’ Q.PEAK-G4.1 solar modules secure Excellent Quality recognition with Italy’s Altroconsumo and ITA bodies

    Nov 27, 2018 12:00:00 AM

    • The Q.PEAK-G4.1 310 Wp solar modules manufactured by Hanwha Q CELLS have been certified in the highest quality category by Altroconsumo and Istituto Tecnologie Avanzate
    • The criteria for obtaining the recognition of Excellent Quality cover a range of performance, reliability and cost factors
    • Alberto Nadai, Hanwha Q CELLS’ Area Sales Manager of Italy, said: “This accolade from Altroconsumo and ITA serves to underline just why Hanwha Q CELLS’ modules are an attractive choice for solar developers looking for a cost-effective solution that will enhance their own reputations as reliable installers of PV systems.”
    [Berlin, Germany, November 27, 2018]

    Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL) (“Hanwha Q CELLS” or the “Company”), one of the largest solar cell and module manufacturers in the world, can this week confirm that its Q.PEAK-G4.1 solar modules have been awarded the highest rating for quality by Italy’s Altroconsumo and the Istituto Tecnologie Avanzate (ITA).

    In tests conducted on 14 solar modules from leading suppliers, Altroconsumo and the ITA ranked Hanwha Q CELLS’ Q.PEAK-G4.1 310 Wp solar module in the “Excellent Quality” category thanks to the module’s superior performance, durability, reliability and competitive price-point.

    The Altroconsumo and ITA tests are marked by exclusive seals that serve to certify the quality and performance of the solar modules that are tested by the independent platform and institute.

    In Italy, Altroconsumo is well-known as the nation’s largest and most trusted independent and non-party political consumer organization. In association with the ITA – one of Italy’s leading institutes for advanced technology – this accolade and certification is one of the highest that can be awarded to solar goods in Italy.

    Peak by name, peak-performance by nature

    Hanwha Q CELLS’ Q.PEAK-G4.1 solar module boasts a performance class of up to 310 Wp and efficiencies of 18.6%. This monocrystalline solar module combines the exceptional performance of the Company’s proprietary Q.ANTUM (PERC) cell technology with anti-LID performance that eliminates light-induced degradation almost completely. The Q.PEAK-G4.1 also has an enhanced visual aesthetic that makes it a popular choice among residential homeowners looking to embrace solar energy.

    Alberto Nadai, Area Sales Manager for Hanwha Q CELLS Italy, said: “This accolade from Altroconsumo and ITA serves to underline just why Hanwha Q CELLS’ modules are an attractive choice for solar developers looking for a cost-effective solution that will enhance their own reputations as reliable installers of PV systems.

    “Italy’s solar market is undergoing something of a renaissance, boosted in part by the utility-scale sector that is reaping the benefits of new power purchase agreements (PPAs), but also the emergent repowering segment of the rooftop sector, which is compelling more and more solar customers to upgrade their old PV systems with state-of-the-art solar module technology, such as Hanwha Q CELLS’ Q.PEAK-G4.1.”

    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.

    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.

    Contact

    Hanwha Q CELLS GmbH
    Corporate Communications
    Oliver Beckel, Ian Clover
    Tel: +49 (0)3494 6699 10121
    E-mail: presse@q-cells.com

  • Notice of Annual General Meeting of Shareholders to be Held on December 28, 2018

    Nov 26, 2018 12:00:00 AM

  • SEOUL, South Korea, Nov. 26, 2018 /PRNewswire/ -- Hanwha Q CELLS Co., Ltd. ("Hanwha Q CELLS" or the "Company") (NASDAQ: HQCL), a global leading photovoltaic manufacturer of high-performance, high-quality solar modules, today announced that the annual general meeting of shareholders (the "AGM") of the Company will be held at 9:00 AM Korea Standard Time on December 28, 2018 at the Company's building at Room 301 on the 3rd Floor of 86 Cheonggyecheon-ro, Jung-gu, Seoul, Korea 04541, to consider and, if thought fit, to pass and approve the following resolutions:

    - as an ordinary resolution, that Hee Cheul (Charles) Kim, who was elected by the directors of the Company as a director on October 1, 2018, be elected as a director and Chairman of the Company to hold office in accordance with the Articles of Association of the Company for a two-year term with effect from the date of the AGM
    - as an ordinary resolution, that Jung Pyo (Jay) Seo, who was nominated for the third term by the directors of the Company as a director on November 20, 2018, be re-elected as a director of the Company to hold office in accordance with the Articles of Association of the Company for a two-year term with effect from the date of the AGM
    - as an ordinary resolution, that Young Soon Kim, who was nominated for the second term by the directors of the Company as a director on November 20, 2018, be re-elected as a director of the Company to hold office in accordance with the Articles of Association of the Company for a two-year term with effect from the date of the AGM
    - as an ordinary resolution, that Ernst & Young Han Young be appointed as independent auditor of the Company for the financial statements ending December 31, 2018

    Holders of record of ordinary shares at the close of business on November 16, 2018 (Eastern Time) will be entitled to attend and vote at the AGM. A holder entitled to attend and vote is also entitled to appoint a proxy to attend and, on a poll, vote instead of him and that proxy need not be a holder of ordinary shares of the Company. Whether or not you expect to attend the AGM in person, please mark, date, sign and return the enclosed proxy card to: Board Secretary, Hanwha Q CELLS Co., Ltd., 5th Floor, 86 Cheonggyecheon-ro, Jung-gu, Seoul, Korea 04541. The proxy card shall be received by the Company's Board Secretary no later than 5:00 PMKorea Standard Time on December 26, 2018 to ensure your representation and the presence of a quorum at the AGM. Sending in your proxy will not prevent you from voting in person at the AGM.

    Holders of American Depositary Shares representing ordinary shares will be entitled to vote through the depositary at the AGM. Please refer to the voting materials delivered to you by the depositary for how you may instruct the depositary to vote.

    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.

    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.

    Cision View original content:HTTP://WWW.PRNEWSWIRE.COM/NEWS-RELEASES/NOTICE-OF-ANNUAL-GENERAL-MEETING-OF-SHAREHOLDERS-TO-BE-HELD-ON-DECEMBER-28-2018-300754999.HTML

    SOURCE Hanwha Q CELLS Co., Ltd.

    Sam Chun , +82-2-729-2179, seoyun.chun@hanwha-qcells.com

  • Hanwha Q CELLS joins Board of the German Solar Association BSW with Oliver Beckel appointed as Executive Committee Member

    Nov 22, 2018 12:00:00 AM

    • The BSW Solar Board of Directors, elected by its members, this week appointed Hanwha Q CELLS’ Director of Public Affairs Oliver Beckel as an Executive Committee Member
    • The German Solar Association forms a strong community of enterprises, all intent on furthering the growth of solar in Germany and beyond
    • Oliver Beckel remarked: “I feel honored to be appointed to the Board at BSW. I am looking forward to supporting the BSW in contributing to the success of German PV development and landscape in coming years.”
    [Berlin, Germany, November 22, 2018]

    Hanwha Q CELLS GmbH ("Hanwha Q CELLS" or “The Company”), the German subsidiary of one of the largest solar cell and module manufacturers in the world, Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL), has yesterday returned as a member of the Board of the German Solar Association (“BSW” or Bundesverband Solarwirtschaft), following the appointment of Oliver Beckel as BSW Executive Committee Member.

    The 800 members of the BSW comprise a patchwork of solar companies ranging from installers and developers, to manufacturers and EPC firms. The BSW work as an intermediary between the relevant business, political and public sectors that cover Germany’s mature solar sector.

    Led by managing director Carsten Koernig, the Berlin-based association has been a pivotal presence in helping to guide Germany’s solar industry through many ups and downs over the past few years, with a key focus on guiding government decision-making with regards to suitable and stable policies that nurture solar energy’s growth.

    Strong synergies between Hanwha Q CELLS and BSW

    While Hanwha Q CELLS is today one of the globally leading solar companies, it traces its roots to Germany, and is widely considered to have been one of the most important players in the birth of Germany’s solar industry.

    The company has provided several Board members to BSW over the years, and the appointment of the Company’s Director of Public Affairs, Oliver Beckel, marks a welcome return for Hanwha Q CELLS to the Board of the BSW.

    The synergies between Germany’s solar association and Hanwha Q CELLS are strong, with both entities eager to see solar energy assume a leading role in both the German and the global energy industry. However, it is within Germany where Hanwha Q CELLS believes a great deal of further innovation is to come, stressed Oliver Beckel on the occasion of his appointment.

    “Germany has been at the forefront of energy revolution, and is regularly the testbed for new business models that are eventually adopted on a global scale,” Beckel remarked. “This is one of the reasons why Hanwha Q CELLS places great faith in its R&D and Technology Headquarters at Thalheim – a site that still steers the innovative direction of what is now a truly global company.

    “We believe that this setup signifies our commitment to the German market, and I feel honored to be appointed to the Board at BSW. I am looking forward to supporting the BSW in contributing to the success of German PV development and landscape in the coming years.”

    "We are delighted that the BSW members have elected Hanwha Q CELLS to the Executive Board of the German Solar Association. As an international photovoltaic group with strong roots in Germany, Hanwha Q CELLS will further increase the weight of our industry in its political work," said Carsten Koernig, Managing Director of the German Solar Association.

    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.

    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.

    Contact

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Ian Clover
    Tel: +49 (0)3494 6699 10121
    E-mail: presse@q-cells.com

  • Hanwha Q CELLS launches Q.HOME+ ESS HYB-G2 scalable energy storage system in Germany

    Nov 21, 2018 12:00:00 AM

    • Latest iteration in Q CELLS’ storage product range is a modular system that can be scaled from 4 kWh to 20 kWh
    • Q.HOME MANAGER enables homeowners and small businesses to better monitor their energy usage
    • Hanwha Q CELLS Head of Sales EU, Maengyoon Kim remarked: “The Q.HOME+ ESS HYB-G2 energy storage system further cements Hanwha Q CELLS’ position as a full solutions provider of quality products for Germany’s competitive solar and storage market.”
    [Berlin, Germany, November 21, 2018]

    Hanwha Q CELLS Co., Ltd. ("Hanwha Q CELLS" or “The Company”), one of the largest solar cell and module manufacturers in the world, has today announced the launch of its new scalable and modular energy storage system – the Q.HOME+ ESS HYB-G2 – in Germany.

    The Q.HOME+ ESS HYB-G2 is a bundled product that comprises a scalable energy storage system (ESS) complete with hybrid (HYB) inverter, integrated with the Q.HOME MANAGER, the energy management control platform.

    This new storage solution has been developed to help homeowners and small businesses make cost-saving decisions on their energy use patterns while take firmer control of how and when they store and consume their solar energy.

    This latest iteration – which complements Q CELLS´ existing All-In-One solution, the Q.HOME+ ESS-G1 inverter, battery and management system – is initially sized at 4.0 kWh and can be scaled up to a maximum of 20 kWh capacity, at increments of 4 kWh each time. Such modularity makes the Q.HOME+ ESS HYB-G2 an ideal solution for end-consumers that may wish to start small with their storage, and scale upwards as and when required.

    A smarter way to store and consume

    By integrating a hybrid bi-directional inverter into the system, the Q.HOME+ ESS HYB-G2 battery can rapidly and efficiently adapt to the customer’s consumption needs.

    Installation of the Q.HOME+ ESS HYB-G2 system is quick and simple, and its plug-and-play functionality means that consumers can begin enjoying the benefits of their energy independence immediately. The lithium-ion battery cells – supplied by Samsung SDI – and the single phase inverter – produced by Hansol Technics – are backed by a 10-year system and performance warranty for consumer peace-of-mind.

    Supporting Germany’s storage revolution

    Ever since paving the way for the world to adopt solar energy, Germany has since switched its sights to the next big hurdle on PV’s path – reliable and affordable battery storage. In August, Germany reached the major milestone of 100,000 storage systems installed nationwide, with the German Solar Trade Association (BSW) forecasting that this figure is set to double in the next two years.

    While a large portion of Germany’s storage capacity is currently front-of-the-meter large-scale centralized storage units, a rapidly growing segment is the behind-the-meter market, which includes home storage solutions and smaller systems installed at small businesses up and down the country.

    A range of different storage incentives exist throughout Germany’s federal states as the government has embraced the idea of enabling homeowners to store their own solar energy and help to not only aid the country’s Energiewende (transition from brown to green energy) but also support grid frequency regulation.

    Owners of Q CELLS’ Q.HOME ESS+ HYB G2 modular storage system can help play their part in this transition thanks to the Q.HOME MANAGER software solution, which delivers full monitoring and oversight of a consumer’s energy usage patterns via a user-friendly interface. This software can be installed as a smartphone App, thus ensuring 24/7 and instant control over one’s energy consumption, storage and grid feed-in.

    Maengyoon Kim, Head of Sales EU and LAA at Hanwha Q CELLS, said: “Germany is once again leading the way in supporting and devising renewable energy solutions and, with Hanwha Q CELLS’ R&D technology headquarters located in Germany, we are proud to be supporting the country’s Energiewende with our complete solar and storage solutions.

    “The Q.HOME+ ESS HYB-G2 energy storage system further cements the Q CELLS brand´s position as a full solutions provider of quality products not just for Germany’s competitive solar and storage market, but the entire globe. We intend to roll out this latest storage system into the rest of Europe’s leading markets in 2019, before expanding globally.”

    The Q.HOME+ ESS HYB-G2 energy storage system will be exhibited at the Forum Neue Energiewelt, which is held between November 22-23 at the Maritim ProArte Hotel in Berlin, Germany. Hanwha Q CELLS is a platinum sponsor of this high-level renewable energy event.

    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.

    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.

    Contact

    Hanwha Q CELLS GmbH
    Corporate Communications
    Oliver Beckel, Ian Clover
    Tel: +49 (0)3494 6699 10121
    E-mail: presse@q-cells.com

  • Hanwha Q CELLS supplies half-cell modules to largest hotel solar installation in Stockholm

    Nov 19, 2018 12:00:00 AM

    • The 107 kW solar PV array at the Clarion Hotel Sign in Stockholm, Sweden was completed using 334 Hanwha Q CELLS’ Q.PEAK DUO 320 W half-cell modules
    • Power Purchase Agreement signed with Eneo Solutions and module installation carried out by Swedish developer Nordic Solar
    • The hotel will self-consume all the solar electricity generated by the array
    • Clarion Hotel Sign CEO Henrik Berghult said: “Throughout the life of this PV system, the hotel will save more than 130 tonnes of carbon dioxide, which is awesome.”
    [Berlin, Germany, November 19, 2018]

    Hanwha Q CELLS GmbH ("Hanwha Q CELLS" or “The Company”), the German subsidiary of one of the largest solar cell and module manufacturers in the world, Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL), has supplied its award-winning Q.PEAK DUO half-cell modules to the largest hotel rooftop solar installation in Stockholm, Sweden.

    The Clarion Hotel Sign, located in the center of the Swedish capital, has this week connected its new 107 kW solar PV array to the grid. The system was installed by Swedish developer Nordic Solar and has been delivered to the Clarion Hotel by renewable energy firm Eneo Solutions under a Power Purchase Agreement (PPA).

    Installed on the rooftop of the hotel are 334 Q.PEAK DUO modules, which combine half-cut cell technology, six bus-bars and Hanwha Q CELLS’ proprietary Q.ANTUM (PERC) monocrystalline cell technology, with efficiencies of close to 20% and power output of 320 Wp. The Q.PEAK DUO solar module was selected as the winning technology in the Photovoltaics category at the Intersolar Awards 2018 held at Intersolar Europe in June this year.

    Affordable solar an increasingly attractive energy solution in Sweden

    Stockholm’s hotel market is currently in the midst of something of a solar revolution. The Clarion Hotel Sign is the latest establishment of the Nordic Choice Hotel chain to adopt solar technology, and follows in the green footsteps of the city’s Yasuragi Hotel, Quality Hotel Friends and Quality Hotel Global.

    The Clarion Hotel Sign will self-consume every kilowatt of clean energy generated by the solar array – an annual output that could typically meet the electricity needs of 37 local households. The installation’s carbon mitigation effect of 130 tonnes of CO² takes into consideration not only the solar generation but also the energy required to install, maintain and eventually decommission the system.

    While Sweden, and indeed much of Scandinavia, has typically embraced wind and hydropower rather than solar, there is a growing understanding of the viability and affordability of PV across the Nordic region. The Swedish Solar Association estimates that around 30 MW of large-scale solar capacity is already installed in the country, with a pipeline of approximately 10 MW of new ground-mounted capacity in the works.

    However, it is in the commercial and residential space where a great deal of activity is being recorded, thanks to a generous Swedish Energy Agency policy, that in 2018 provides more than $60 million (500 million SEK) in rebates for small-scale rooftop solar PV installations.

    Michael Ronge, Head of Operations at Eneo Solutions remarked that, as Sweden’s solar market expands, it is crucial for the company to build long-lasting partnerships with suppliers such as Hanwha Q CELLS and developers such as Nordic Solar. “It is important for us to know that our suppliers can continue to be our trusted partners in both Sweden and across Europe, because we foresee a large increase in demand for both rooftop and ground-mounted solar systems,” Ronge said.

    Sean Collier, Head of Sales for Scandinavia Hanwha Q CELLS, added: “Sweden’s climate is actually considerably well-suited for solar PV. It has lots of sunshine in the summer and long daylight hours, so it is encouraging to see that both the government and forward-thinking companies, such as Eneo Solutions, Nordic Solar and the Clarion Hotel Sign, are positively supporting PV. It all points to a bright future for solar in Sweden.”

    Henrik Berghult, the CEO of the Clarion Hotel Sign, said: “After the Yasuragi Hotel, Quality Hotel Friends and Quality Hotel Globe decided to go solar, it was obvious that we should also produce our own electricity from the sun. Throughout the life of the PV system we will save over 130 tonnes of carbon dioxide, which is awesome!”

    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.

    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.

    Contact

    Hanwha Q CELLS GmbH
    Corporate Communications
    Oliver Beckel, Ian Clover
    Tel: +49 (0)3494 6699 10121
    E-mail: presse@q-cells.com
     

  • Hanwha Q CELLS secures 100 MW module supply deal for CGN New Energy

    Nov 16, 2018 12:00:00 AM

    • This deal represents another important cooperation between Hanwha Q CELLS and CGN New Energy,following a 66 MW module supply deal for a Top Runner Project in July
    • Total module volume supplied by Hanwha Q CELLS to CGN Power Group has now reached nearly 400 MW
    • General Manager of China Business Division, Hanwha Q CELLS, said: “This deal represents the customer's high recognition of our Q.ANTUM mono solar module Q.PEAK-G5 series. It will inspire the Company to continuously improve the quality of our product and service.”
    [Shanghai, China, Nov.16, 2018]

    Hanwha Q CELLS (Qidong) Co., Ltd. ("Hanwha Q CELLS" or the “Company”), the subsidiary of Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL), one of the largest solar cell and module manufacturers in the world, has recently signed a 100 MW module supply agreement with an EPC contractor, Central Southern China Electric Power Design Institute Co., Ltd. of China Power Engineering Consulting Group Corporation, with respect to a solar plant to be constructed for CGN New Energy Holdings Co., Ltd. (“CGN New Energy“) in Hubei Province, China.

    This deal marks another important cooperation between the two enterprises following Hanwha Q CELLS securing a 66 MW module supply tender for CGN New Energy’s Top Runner Project in Delingha, China, in July 2018.

    The solar plant will be built in Dafan Town, Tongshan County, Hubei Province – a region that has abundant energy sourced mainly from wind power, hydropower, nuclear power and stationary storage. Hubei Province is known for excellent solar irradiation, making it an ideal location for the construction of solar plants. The total capacity of this solar plant is expected to be 150 MW, and Hanwha Q CELLS will supply CGN New Energy with 100 MW of capacity comprised of the well-received Q.ANTUM mono solar module Q.PEAK-G5.

    Delivery begins

    On November 2, 2018, the first batch of 30 MW solar modules arrived at the project site, and installation began. The expected date for grid connection for the entire completed project is the end of December 2018. After grid connection is complete, the total power generation of the solar plant could reach around 145.76 million kWh per year. With the clean renewable energy of the solar plant, Tongshan County will also further realize the economic benefits of solar power, while such clean sources of energy help to keep the mountains green and the rivers free from pollution.

    The General Manager of the China Business Division, Hanwha Q CELLS, said: "We are very glad to once again gain the trust of China General Nuclear Power Group (“CGN Power Group”). Based on our long-term and friendly cooperation, the total volume of modules we have supplied reaches nearly 400 MW collectively to CGN Power Group. This represents the customer's high recognition of our Q-Series products, especially the mono-crystalline PERC solar module, the Q.PEAK-G5.

    "This will inspire us to continuously improve the quality of our products and services. We look forward to further strengthening the strategic cooperation with CGN Power Group, to promote new projects with mutual benefit that are a win-win for both companies.”

    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 Co., Ltd. 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 Co., Ltd. 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.

    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 Co., Ltd.’ 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 Co., Ltd.  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 Co., Ltd. does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
     

    Contact

    Hanwha Q CELLS GmbH
    Corporate Communications
    Oliver Beckel, Ian Clover
    Tel: +49 (0)3494 6699 10121
    E-mail: presse@q-cells.com
     

  • New CEO of Hanwha Q CELLS receives Prime Minister of Saxony-Anhalt Reiner Haseloff at its R&D and technology center in Germany

    Nov 9, 2018 12:00:00 AM

    • Hee Cheul (Charles) Kim, the newly appointed CEO of Hanwha Q CELLS as of October 1 2018, welcomed Reiner Haseloff at the Company’s R&D and technology center in Saxony-Anhalt on November 8
    • The two figureheads discussed a broad range of topics, including investment in Saxony-Anhalt, employment, and technological advances in renewable energy
    • Mr. Kim remarked: “It is a great honor to receive Reiner Haseloff at Hanwha Q CELLS’ R&D and technology center in Saxony-Anhalt, Germany. The Prime Minister of Saxony-Anhalt has long been a supporter of the Company’s work and goals, which include continuing to deliver employment opportunity and investment to the local region.”
    [Thalheim, Germany, November 9, 2018]

    The CEO of Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL) (“Hanwha Q CELLS” or the “Company”), one of the largest solar cell and module manufacturers in the world, this week received Reiner Haseloff, Prime Minister of the German state of Saxony-Anhalt, as a VIP guest at the Company’s R&D and technology center in Saxony-Anhalt, Germany.

    Hee Cheul (Charles) Kim, who became Hanwha Q CELLS’ new CEO on October 1, warmly welcomed Reiner Haseloff on November 8 to Hanwha Q CELLS GmbH’s offices to discuss a broad range of topics related to renewable energy technology, investment and innovation, and engagement with the local region.

    After exchanging initial pleasantries, the two figureheads seamlessly moved on to the matters at hand, which centered largely on Hanwha Q CELLS’ role as one of the most important employers in the state of Saxony-Anhalt.

    The Prime Minister learned that since the acquisition by South Korea’s Hanwha Group in 2012 – thus creating Hanwha Q CELLS – the Company has rapidly scaled its global solar cell and module production capacity from approximately 1.3 GW to more than 8 GW currently, together with Hanwha Q CELLS & Advanced Materials Corporation, another affiliate of Hanwha Group. This places Hanwha Q CELLS firmly in the top 10 of solar manufacturers globally: a growth trajectory that has only been made possible thanks to the innovative efforts of the 460 staff who are currently employed at the Hanwha Q CELLS GmbH in Germany.

    Equally, the Company’s role as one of the world’s largest solar firms should not be overlooked, Mr. Kim affirmed. Since the acquisition, Hanwha Q CELLS has invested approximately €28 million in the state of Saxony-Anhalt, paying combined wages of about €250 million during that time, Mr. Kim explained.

    Building closer ties and a brighter future

    The purpose of Mr. Haseloff’s visit to the Company was multifaceted. For one, the Prime Minister wished to reacquaint himself with Mr. Kim – an individual he knows well from Mr. Kim’s previous stint working in Germany as a Director for Hanwha Q CELLS GmbH. The Prime Minister also wished to use the opportunity to gain further insight into the impact that solar PV technology is having on assisting Germany’s Energiewende – the nation’s ambitious, long-term transition to renewable energy. Given the extreme heat and drought suffered by the state of Saxony-Anhalt during the summer, the impact of climate change has been directly felt by many people living in the region. The Prime Minister also heard how Hanwha Q CELLS remains committed to developing cutting-edge solar solutions that can help mitigate the effects of climate change at both a local and global scale.

    In his new role as Hanwha Q CELLS’ CEO, Mr. Kim made it clear that one of his first priorities would be to visit the German operations that are vital for the technology leadership of the Company.

    Mr. Kim remarked: “It is a great honor to receive Reiner Haseloff at Hanwha Q CELLS’ R&D and technology center in Saxony-Anhalt, Germany. The Prime Minister of Saxony-Anhalt has long been a supporter of the Company’s work and goals, which include continuing to deliver employment opportunity and investment to the local region.”

    The Prime Minister added: "It is great for Saxony-Anhalt that Hanwha Q CELLS is located here. The Company stands for research and development at the highest level - Engineered in Germany. I am also pleased that Hanwha stands by the Thalheim site. This indicates the high level of excellent work being carried out here, particularly in the area of quality assurance. The region needs even more beacons of innovation like this."

    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.

    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.

    Contact

    Hanwha Q CELLS GmbH
    Corporate Communications
    Oliver Beckel, Ian Clover
    Tel: +49 (0)3494 6699 10121
    E-mail: presse@q-cells.com
     

  • Hanwha Q CELLS publishes its Sustainability Report 2018

    Nov 7, 2018 12:00:00 AM

    • Report emphasizes Hanwha Q CELLS’ quality innovation efforts towards enhancing product reliability and engagement in eco-friendly business activities that reflect eco-friendly characteristics of PV industry
    • 2018 report introduces Hanwha Q CELLS’ corporate social responsibility, addressing a range of social issues, including climate change, energy poverty, and fine dust
    [Berlin, Germany, November 7, 2018]

    Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL) (“Hanwha Q CELLS” or the “Company”), one of the largest solar cell and module manufacturers in the world, has published its Sustainability Report 2018 (the “Report”), which outlines the Company’s sustainability management activities, achievements, and future plans.

    Hanwha Q CELLS first began publishing its sustainability report last year as a mean to share its sustainability management activities with key stakeholders, such as shareholders, investors, customers, employees, suppliers, and local communities.

    The Report outlines the sustainability management efforts that are linked to Hanwha Q CELLS’ corporate philosophy of creating a sustainable future. In particular, Hanwha Q CELLS has focused on quality innovation efforts in enhancing product reliability, eco-friendly management activities, and its corporate social responsibility efforts that reflect the inherent strengths and characteristics of the PV industry. In order to ensure the reliability of the Report, it has been third-party verified by Det Norske Veritas and Germanischer Lloyd (DNV GL), an internationally accredited registrar and clean energy consultant. The verification was based on the Report’s content, comprehensiveness and responsiveness.
     

    Contributing to the social good and quality management

    As a global leading solar company, Hanwha Q CELLS operates a Global Quality Management Team located at the German R&D headquarters and regional factories to continuously monitor product quality and maintain excellence and competitiveness. In order to preemptively respond to customer needs, Hanwha Q CELLS also operates various communication channels such as customer satisfaction surveys and global sales networks, and continues to commercialize and develop innovative products and technologies that meet these customers’ needs.

    As an eco-friendly energy company, Hanwha Q CELLS is also actively addressing environmental issues through eco-conscious management decisions and activities.

    As set forth in the Report, in order to replace the energy used in the cell and module production process with renewable energy, Hanwha Q CELLS’s subsidiary, Hanwha Q CELLS (Qidong) Co., Ltd., has installed a 2.2 MW solar PV array, while Hanwha Q CELLS Korea Corporation, another affiliate of Hanwha Group, fitted a 1MW array at its Jincheon plant in Korea. Furthermore Hanwha Q CELLS Malaysia Sdn. Bhd., a subsidiary of the Company, built an environmentally-friendly logistics system that helped to reduce the site’s energy consumption for transportation by approximately 40% by improving logistics and loading efficiency.

    Before the end of this year, Hanwha Q CELLS will donate solar modules to an eco-friendly tree nursery that will use the solar electricity to nurture the growth of young saplings. In conjunction with Hanwha Group's social contribution campaign "Hanwha Solar Forest", which supports the growth of new forests to help mitigate the effects of climate change, the trees grown in this eco-friendly tree nursery will be planted at the Incheon Metropolitan Landfill in Korea to prevent the spread of fine dust, which can be harmful to humans and wildlife.

    In addition, the Report also includes the details about the "Lights of Hope" campaign, in which Hanwha Q CELLS sends solar-powered lanterns made by its employees to vulnerable children in developing countries that suffer from poor or non-existent electricity access. This campaign has been successful in reducing the respective households’ reliance on expensive, dangerous and kerosene lamps, while enabling families to enjoy leisure or learning time together long into the dark evening.

    Hanwha Q CELLS’ sustainability reports, including the Report, are written in Korean and English and can be downloaded from the official website of Hanwha Q CELLS: www.hanwha-qcells.com

    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 Headquarters) and Thalheim, Germany (Technology & Innovation Headquarters) 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.

    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.
     

    Contact

    Hanwha Q CELLS GmbH Corporate Communications Oliver Beckel, Ian Clover
    Tel: +49 (0)3494 6699 10121
    E-mail: presse@q-cells.com

  • Korean renewable energy potential takes center stage at Hanwha Q CELLS-hosted GGGI Energy Forum 2018

    Nov 2, 2018 12:00:00 AM

    • The GGGI Energy Forum 2018, jointly held in Seoul by Hanwha Q CELLS and the Global Green Growth Institute (GGGI), drew 80 participants from around the globe
    • Representatives from Republic of Korea, the United Kingdom, Norway, Denmark, Mongolia and other countries shared their respective current energy policies and goals
    • Among the speakers was Hans-Josef Fell of Energy Watch Group, who delivered an insightful presentation on the renewable energy potential of the Korean peninsula
    [Berlin, Germany, October 31, 2018]

    Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL) (“Hanwha Q CELLS” or the “Company”), one of the largest solar cell and module manufacturers in the world, on October 30, 2018 jointly hosted the second annual GGGI Energy Forum in Seoul, Republic of Korea, along with the Global Green Growth Institute (“GGGI”).

    Building on the success of last year’s inaugural GGGI Energy Forum in Seoul, this year’s event attracted about 80 participants from a broad range of GGGI member countries including Republic of Korea, the United Kingdom, Norway, Denmark and Mongolia, providing an opportunity for the attendees to share and discuss their current and future energy transition policies.

    Director-General of GGGI, Frank Rijsberman, remarked in his welcome speech: “We should bust the myth that green growth is an expensive option. Solar energy, even with battery storage, is already commercially attractive – particularly where diesel energy is the alternative such as in small islands and off the grid. Green growth is the only viable option for a sustainable future.”

    The overarching theme of the GGGI Energy Forum 2018 sought to address the renewable energy potential of the Korean peninsula. This topic was most directly tackled by Hans-Josef Fell, the President of Energy Watch Group and former member of the German Parliament (1998 – 2013). Mr. Fell’s presentation examined the most politically and technologically feasible ways for the Korean peninsula to achieve 100% renewable energy; a vision that drew rapturous applause from the attendees in the audience.

    “In the Republic of Korea, there should be an institutional strategy and government support on R&D to make ‘100% renewable energy transition’ a reality,” Fell said, adding: “In addition to many countries, such as Denmark and Sweden, cities such as San Francisco and Copenhagen and corporations like Coca-Cola have also set ambitious goals for 100% renewable energy conversion.”

    A related topic was further explored by Kyung-ho Lee, Director of the New and Renewable Energy Policy Division of the Republic of Korea’s Ministry of Trade, Industry and Energy (MOTIE). Kyung-ho Lee presented a case study that discussed the Republic of Korea’s energy transition policy, which aims to draw 20% of the nation’s energy needs from renewable sources by 2030. This policy, also known as “Renewable Energy 3020,” will specifically embrace solar energy and offshore wind technology to drive the adoption of more secure, affordable, and clean power across the Republic of Korea.

    Japanese inspiration and Korean perspiration

    Another guest speaker at the GGGI Energy Forum 2018 was Izumi Kaizuka, Director of the Research Division at Japan’s RTS Corporation. Kaizuka relayed the details of Japan’s pivot towards renewable energy following the devastating East Japan Earthquake in 2011 that triggered the Fukushima Nuclear Disaster. Since then, the country rapidly increased its share of renewable energy in its mix from 1% to 7%, (2016) as the country abandoned nuclear power.

    “Japan could only achieve this rapid renewable energy growth because the government set up a long-term specific goal that has been carried out step-by-step,” Kaizuka stressed. “Sustainable technological development and the government’s institutional improvements were necessary factors towards making renewables one of the core sources of energy in Japan.”

    Faced with a similarly ambitious target, the Republic of Korea must develop a similar long-term strategy, the GGGI Energy Forum 2018 audience was told. Among the political representative attendants at the event, both Atle Hamar – Vice Minister of the Ministry of Climate and Environment, Norway, and David Markey – Head of Business Environment and Climate Diplomacy at the British Embassy in Seoul – remarked that events such as the GGGI Energy Forum 2018 are key in supporting the Republic of Korea’s momentum towards a greener energy future.

    Hanwha Q CELLS leads by example

    As joint host, Hanwha Q CELLS demonstrated at the Forum its prowess in helping to deliver this greener future, today. The solar cell and module manufacturer exhibited the comprehensive steps that it has taken to ensure that its production process is powered as much as possible by solar energy. Hanwha Q CELLS (Qidong) Co., Ltd., a subsidiary of Hanwha Q CELLS, has installed a 2.2 MW PV array atop its solar plant in China. Moreover, before the end of this year, Hanwha Q CELLS will donate solar modules to an eco-friendly tree nursery that will use solar electricity to nurture the growth of young saplings, in conjunction with Hanwha Group's social contribution campaign "Hanwha Solar Forest", which supports the growth of new forests to help mitigate the effects of climate change.

    Joo Yoon, Senior Vice President of Global Sales Planning and Strategy at Hanwha Q CELLS, said: “The pollution we make today will certainly harm future generations to come. I want to call this an ‘environmental debt’. I hope appreciate the opportunity provided at this meaningful forum to discuss in depth on how new renewable energy can help solve the ‘environmental debt’ issue. Hanwha Q CELLS will also contribute to energy conversion via solar energy, a clean energy source, and will strive to overcome future challenges ahead.”

    The second annual GGGI Energy Forum in Seoul was held at the Plaza Hotel on October 30, 2018. The event was held on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland, in 2016 and 2017 respectively.
     

    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.

    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.
     

    Contact

    Hanwha Q CELLS GmbH
    Corporate Communications
    Oliver Beckel, Ian Clover
    Tel: +49 (0)3494 6699 10121
    E-mail: presse@q-cells.com
     

     

  • Hanwha Q CELLS Enters Into Definitive Agreement for Going-Private Transaction

    Oct 15, 2018 12:00:00 AM

  • SEOUL, South Korea, Oct. 15, 2018 /PRNewswire/ -- Hanwha Q CELLS Co., Ltd. ("Hanwha Q CELLS" or the "Company") (NASDAQ: HQCL), a global leading photovoltaic manufacturer of high-performance, high-quality solar modules, today announced that it has entered into a definitive plan of merger (the "Plan of Merger") with Hanwha Solar Holdings Co., Ltd., a subsidiary of Hanwha Chemical Corporation incorporated in the Republic of Korea (the "Hanwha Solar"), pursuant to which the Company will be acquired by Hanwha Solar in an all-cash transaction implying an equity value of the Company of approximately $825 million.

    Pursuant to the terms of the Plan of Merger, at the effective time of the merger, each ordinary share of the Company issued and outstanding immediately prior to the effective time of the merger (each a "Share") will be cancelled and cease to exist in exchange for the right to receive $0.20 in cash without interest, and each American depositary share (each an "ADS") of the Company, representing 50 Shares, will be cancelled in exchange for the right to receive $9.90 in cash without interest, except for Shares (including Shares represented by ADSs) owned by Hanwha Solar.

    The merger consideration represents a premium of 50.0% to the closing price of the Company's ADSs on August 2, 2018, the last trading day prior to Hanwha Solar's announcement of its proposal to purchase the shares of the Company that it does not already own, and a premium of 52.0% to the average closing price of the Company's ADSs during the 3-month period prior to the disclosure of Hanwha Solar's proposal.

    Hanwha Solar intends to fund the merger with equity.

    The Company's board of directors (the "Board") established a committee of independent and disinterested directors to evaluate the potential transaction (the "Special Committee"). The Special Committee considered the proposed merger and negotiated the terms of the Plan of Merger with the assistance of its financial and legal advisors, and unanimously recommended that the Board approve the Plan of Merger and the merger. The Plan of Merger and the merger were also approved by the Audit Committee of the Board.

    After considering various factors, including the Special Committee's unanimous recommendation, and the Audit Committee's approval, of the Plan of Merger and the merger, the Board approved the Plan of Merger and the merger. Because Hanwha Solar owns approximately 93.9% of the Company, shareholder approval of the Plan of Merger and the merger is not required under the Companies Law of the Cayman Islands.

    The merger is currently expected to close during the first quarter of 2019. If completed, the merger will result in the Company becoming a privately owned company, its ADSs will no longer be listed on the Nasdaq Global Select Market and the ADS program will be subsequently terminated.

    Houlihan Lokey Capital, Inc. is serving as financial advisor to the Special Committee, Skadden, Arps, Slate, Meagher & Flom LLP is serving as U.S. legal counsel to the Special Committee, and Conyers Dill & Pearman is serving as Cayman Islands legal counsel to the Special Committee.

    Cleary Gottlieb Steen & Hamilton LLP is serving as U.S. legal counsel to Hanwha Solar, and Walkers is serving as Cayman Islands legal counsel to Hanwha Solar.

    Additional Information About the Merger

    The Company will furnish to the U.S. Securities and Exchange Commission (the "SEC") a current report on Form 6-K regarding the merger, which will include as an exhibit thereto the Plan of Merger. All parties desiring details regarding the merger are urged to review these documents, which will be available at the SEC's website (HTTP://WWW.SEC.GOV).

    In connection with the merger, the Company will prepare and mail a Schedule 13E-3 Transaction Statement (the "Schedule 13E-3"). The Schedule 13E-3 will be filed with or furnished to the SEC. INVESTORS AND SHAREHOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE SCHEDULE 13E-3 AND OTHER MATERIALS FILED WITH OR FURNISHED TO THE SEC WHEN THEY BECOME AVAILABLE, AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE MERGER AND RELATED MATTERS. In addition to receiving the Schedule 13E-3 by mail, shareholders also will be able to obtain these documents, as well as other filings containing information about the Company, the merger and related matters, without charge, from the SEC's website (HTTP://WWW.SEC.GOV) or at the SEC's public reference room at 100 F Street, NE, Room 1580, Washington, D.C. 20549.

    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.

    Safe Harbor Statement

    This report contains forward-looking statements that are not statements of historical fact. 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. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such risks and uncertainties include pending administrative and civil actions in the United States under existing or potential new statutes and regulations governing trade between the United States and other countries, and potential antidumping, countervailing or other duties imposed on goods imported into the United States, as well as the Company's access to new capacity from an affiliate. Further information regarding these and other risks is included in Hanwha Q CELLS' filings with the SEC, including its annual report on Form 20-F. Except as required by law, Hanwha Q CELLS does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

    Cision View original content:HTTP://WWW.PRNEWSWIRE.COM/NEWS-RELEASES/HANWHA-Q-CELLS-ENTERS-INTO-DEFINITIVE-AGREEMENT-FOR-GOING-PRIVATE-TRANSACTION-300731053.HTML

    SOURCE Hanwha Q CELLS Co., Ltd.

    Sam Chun , +82-2-729-2179, seoyun.chun@hanwha-qcells.com

  • /C O R R E C T I O N -- Hanwha Q CELLS Co., Ltd./

    Oct 15, 2018 12:00:00 AM

  • In the news release, Hanwha Q CELLS Enters Into Definitive Agreement for Going-Private Transaction, issued 15-Oct-2018 by Hanwha Q CELLS Co., Ltd. over PR Newswire, we are advised by the company that the 9th paragraph, 1st sentence sentence, should read "Citigroup Global Markets Korea is serving as financial advisor to Hanwha Solar, Cleary Gottlieb Steen & Hamilton LLP is serving as U.S. legal counsel to Hanwha Solar, and Walkers is serving as Cayman Islands legal counsel to Hanwha Solar." rather than "Cleary Gottlieb Steen & Hamilton LLP is serving as U.S. legal counsel to Hanwha Solar, and Walkers is serving as Cayman Islands legal counsel to Hanwha Solar." as originally issued inadvertently. The complete, corrected release follows:

    Hanwha Q CELLS Enters Into Definitive Agreement for Going-Private Transaction

    SEOUL, South Korea, Oct. 16, 2018 /PRNewswire/ -- Hanwha Q CELLS Co., Ltd. ("Hanwha Q CELLS" or the "Company") (NASDAQ: HQCL), a global leading photovoltaic manufacturer of high-performance, high-quality solar modules, today announced that it has entered into a definitive plan of merger (the "Plan of Merger") with Hanwha Solar Holdings Co., Ltd., a subsidiary of Hanwha Chemical Corporation incorporated in the Republic of Korea (the "Hanwha Solar"), pursuant to which the Company will be acquired by Hanwha Solar in an all-cash transaction implying an equity value of the Company of approximately $825 million.

    Pursuant to the terms of the Plan of Merger, at the effective time of the merger, each ordinary share of the Company issued and outstanding immediately prior to the effective time of the merger (each a "Share") will be cancelled and cease to exist in exchange for the right to receive $0.20 in cash without interest, and each American depositary share (each an "ADS") of the Company, representing 50 Shares, will be cancelled in exchange for the right to receive $9.90 in cash without interest, except for Shares (including Shares represented by ADSs) owned by Hanwha Solar.

    The merger consideration represents a premium of 50.0% to the closing price of the Company's ADSs on August 2, 2018, the last trading day prior to Hanwha Solar's announcement of its proposal to purchase the shares of the Company that it does not already own, and a premium of 52.0% to the average closing price of the Company's ADSs during the 3-month period prior to the disclosure of Hanwha Solar's proposal.

    Hanwha Solar intends to fund the merger with equity.

    The Company's board of directors (the "Board") established a committee of independent and disinterested directors to evaluate the potential transaction (the "Special Committee"). The Special Committee considered the proposed merger and negotiated the terms of the Plan of Merger with the assistance of its financial and legal advisors, and unanimously recommended that the Board approve the Plan of Merger and the merger. The Plan of Merger and the merger were also approved by the Audit Committee of the Board.

    After considering various factors, including the Special Committee's unanimous recommendation, and the Audit Committee's approval, of the Plan of Merger and the merger, the Board approved the Plan of Merger and the merger. Because Hanwha Solar owns approximately 93.9% of the Company, shareholder approval of the Plan of Merger and the merger is not required under the Companies Law of the Cayman Islands.

    The merger is currently expected to close during the first quarter of 2019. If completed, the merger will result in the Company becoming a privately owned company, its ADSs will no longer be listed on the Nasdaq Global Select Market and the ADS program will be subsequently terminated.

    Houlihan Lokey Capital, Inc. is serving as financial advisor to the Special Committee, Skadden, Arps, Slate, Meagher & Flom LLP is serving as U.S. legal counsel to the Special Committee, and Conyers Dill & Pearman is serving as Cayman Islands legal counsel to the Special Committee.

    Citigroup Global Markets Korea is serving as financial advisor to Hanwha Solar,Cleary Gottlieb Steen & Hamilton LLP is serving as U.S. legal counsel to Hanwha Solar, and Walkers is serving as Cayman Islands legal counsel to Hanwha Solar.

    Additional Information About the Merger

    The Company will furnish to the U.S. Securities and Exchange Commission (the "SEC") a current report on Form 6-K regarding the merger, which will include as an exhibit thereto the Plan of Merger. All parties desiring details regarding the merger are urged to review these documents, which will be available at the SEC's website (HTTP://WWW.SEC.GOV).

    In connection with the merger, the Company will prepare and mail a Schedule 13E-3 Transaction Statement (the "Schedule 13E-3"). The Schedule 13E-3 will be filed with or furnished to the SEC. INVESTORS AND SHAREHOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE SCHEDULE 13E-3 AND OTHER MATERIALS FILED WITH OR FURNISHED TO THE SEC WHEN THEY BECOME AVAILABLE, AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE MERGER AND RELATED MATTERS. In addition to receiving the Schedule 13E-3 by mail, shareholders also will be able to obtain these documents, as well as other filings containing information about the Company, the merger and related matters, without charge, from the SEC's website (HTTP://WWW.SEC.GOV) or at the SEC's public reference room at 100 F Street, NE, Room 1580, Washington, D.C. 20549.

    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.

    Safe Harbor Statement

    This report contains forward-looking statements that are not statements of historical fact. 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. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such risks and uncertainties include pending administrative and civil actions in the United States under existing or potential new statutes and regulations governing trade between the United States and other countries, and potential antidumping, countervailing or other duties imposed on goods imported into the United States, as well as the Company's access to new capacity from an affiliate. Further information regarding these and other risks is included in Hanwha Q CELLS' filings with the SEC, including its annual report on Form 20-F. Except as required by law, Hanwha Q CELLS does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

    Cision View original content:HTTP://WWW.PRNEWSWIRE.COM/NEWS-RELEASES/HANWHA-Q-CELLS-ENTERS-INTO-DEFINITIVE-AGREEMENT-FOR-GOING-PRIVATE-TRANSACTION-300731053.HTML

    SOURCE Hanwha Q CELLS Co., Ltd.

    Sam Chun , +82-2-729-2179, seoyun.chun@hanwha-qcells.com

  • Hanwha Q CELLS’ Q.FLAT-G5 roof mounting system wins Solar+Power Award for best BOS innovation

    Oct 2, 2018 12:00:00 AM

    • The accolade marks the second year in a row that Hanwha Q CELLS has prevailed at the Solar+Power Award show and the third time overall
    • Q.FLAT-G5´s victory in the Solar PV BOS category follows last year’s success in the silicon module category for the Q.PEAK DUO-G5
    • Company CTO Daniel Jeong said: “To be awarded best Solar PV BOS for the Q.FLAT-G5 at the Solar+Power Awards is a great honor, and underlines the Hanwha Q CELLS ethos of pushing R&D to ensure the solar industry is consistently supplied with top quality innovations.”
    [Berlin, Germany, September 28, 2018]

    Hanwha Q CELLS Co., Ltd. ("Hanwha Q CELLS" or “The Company”), one of the largest solar cell and module manufacturers in the world, has been voted as the winner of the Solar+Power Awards 2018 in the Solar PV BOS category for its Q.FLAT-G5 solar mounting system for flat rooftops.
    The Q.FLAT-G5 helps to deliver lower LCOE and improved power density by boosting the long-term stability and safety of the modules.

    When combined with Hanwha Q CELLS’ award-winning Q.PEAK DUO-G5 half-cell modules – which won the Solar+Power Award 2017 in the category of Silicon Module, and also claimed the Intersolar Award 2018 in the Photovoltaics category – the Q.FLAT-G5 has been proven to deliver a power density of 170 Wp/m². This output sets a new standard in power-per-surface area, augmented by a 10° inclination on both sides.

    The Q.FLAT-G5 saves money, ensures quality

    The G5 iteration of the Q.FLAT is a marked improvement on the Q.FLAT-G4 in that the installation time for a batch of modules has been halved, thereby reducing the time spent on the rooftop and thus lowering installation costs. The Q.FLAT-G5 is also made using steel for added durability, while an innovative coating ensures reliability is high and its carbon footprint is low. Engineered in Germany, the Q.FLAT-G5 was designed with efficiency and lower LCOE in mind. The system drastically reduces the ballast required, and removes the need to penetrate the roof membrane, thereby helping to prevent damage.

    This year’s accolade marks the second year in a row that Hanwha Q CELLS has prevailed at the Solar+Power Awards, and means that the company has now won different awards on three separate occasions. Last year it was the Q.PEAK DUO-G5’s time to shine in the silicon module category, and this year’s success serves to underline the fact that Hanwha Q CELLS consistently steers its innovative and problem-solving efforts to all areas of the solar supply chain – from cells and modules to mounting systems and storage solutions.

    Commenting on the occasion of the ceremony, Hanwha Q CELLS CTO Daniel Jeong said: “To be awarded best Solar PV BOS at the Solar+Power Awards for the second year in a row is a great honor, and underlines the Hanwha Q CELLS ethos of investing in R&D to ensure the solar industry is consistently supplied with top quality products.

    “The next challenge is to ensure that the Company remains a stand-out leader not only in the field of solar cell and module technology, pushing standards to new heights with our Q.ANTUM technology, but right across the value chain to cement our position as PV standard bearers.”

    Proud members of the Hanwha Q CELLS R&D team were in attendance at the award ceremony – held at the Amigo Hotel, Brussels, on September 26 – to collect the gong from the show presenters.

    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.

    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.

    Contact

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Ian Clover
    Tel: +49 (0)3494 6699 10121
    E-mail: presse@q-cells.com

  • Hanwha Q CELLS participates in first collective self-consumption solar project in France’s Midi-Pyrénées region

    Oct 1, 2018 12:00:00 AM

    • Hanwha Q CELLS supplied 120 of its Q.PEAK-G4.1 300 W solar modules for the project, located in Midi-Pyrénées, France
    • The 36 kWp array, installed by C2A and managed by local renewable energy cooperative Enercoop, is the first collective self-consumption PV project in the region
    • The solar modules were installed on the rooftop of the Lou Cussou Biocoop store in Saint-Affrique (Aveyron)
    [Berlin, Germany, October 1, 2018]

    Hanwha Q CELLS GmbH ("Hanwha Q CELLS" or “The Company”), the German subsidiary of one of the largest solar cell and module manufacturers in the world, Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL), at the weekend witnessed the inauguration of a solar self-consumption C&I project in France’s Midi-Pyrénées region that was built using Hanwha Q CELLS solar modules.

    The 36 kWp installation sits atop the rooftop of the new Lou Cussou Biocoop store in the town of Saint-Affrique (Aveyron), and comprises 120 Q.PEAK-G4.1 300 W solar modules.  Store manager Isabelle Gaillard enlisted the expertise of local renewable energy cooperative Enercoop to manage the sales contract that now positions the Biocoop store as a producer of energy. This €45,000 solar project was installed by C2A and inaugurated on September 29.

    Cooperative solar energy sharing helping to shape France’s future

    All of the solar electricity that the Biocoop store array produces can be shared and consumed locally. Enercoop has entered into a contract arrangement with Enedis, the local electricity distribution network, to distribute the solar electricity to interested business consumers in the nearby locality. Enercoop will also oversee all billing to consumers that sign up to the scheme.

    So far, the neighboring Codomier-Masset Veterinary Clinic has signed up to receive and consume electricity from the array, with a further handful of other interested businesses and consumers poised to join the collective operation once the first feedback has been received. Any unused surplus solar energy will be steered towards customers of the Enercoop network, which currently comprises around 5,000 members in the Midi-Pyrénées region.

    Collective self-consumption is a growing market in France following the introduction of a 50 MW tender for self-consumption solar projects earlier this year. Uptake of self-consumption projects is now growing, and the model has been welcomed as a means for further liberalizing France’s energy market and helping to make it easier for private and C&I energy consumers to embrace the lower costs and zero emissions that solar electricity stands for.

    By using Hanwha Q CELLS’ Q.PEAK-G4.1 300 W solar modules, Biocoop will benefit from lower LCOE and high power output thanks to the modules’ Q.ANTUM monocrystalline cell technology that makes them an ideal solution for large rooftop installations.

    Stephan Maurel, Hanwha Q CELLS Head of Sales, France, said: “It is encouraging to see more and more companies embrace France’s collective solar self-consumption market, and we at Hanwha Q CELLS are proud to have been involved in this project, which is the first of its kind for the Midi-Pyrénées region.

    “France is making great strides towards meeting its carbon emission reduction goals, and we see many more opportunities to help support this transition towards a greener energy system – from the residential market through to C&I installations and the utility sector.”

    Benjamin Bergnes of installer C2A added: “We believe that the growing self-consumption market in France is vitally important for boosting further uptake of solar PV, which is why we are eager to ensure that our installations are always high quality and great value. This is why we selected Hanwha Q CELLS’ Q.PEAK-G4.1 solar modules thanks to their reliability and impressive power output.”

    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.

    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.

    Contact

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Ian Clover
    Tel: +49 (0)3494 6699 10121
    E-mail: presse@q-cells.com

  • Hanwha Q CELLS partners with Solarcentury on 1.5 MW residential London solar project

    Sep 21, 2018 12:00:00 AM

    • British solar developer Solarcentury installed the Q CELLS modules atop 600 London households in the second half of this year
    • The installation project is part of the Mayor of London’s Solar Together London scheme, launched across five city boroughs of Brent, Ealing, Kingston, Merton and Sutton
    • Bid partner IKEA also participated in the project, which enables homeowners to receive solar systems at an average 35% discount against market rates
    [Berlin, Germany, September 21, 2018]

    Hanwha Q CELLS GmbH ("Hanwha Q CELLS"), the German subsidiary of one of the largest solar cell and module manufacturers in the world, Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL), has supplied its award-winning Q.PEAK DUO-G5 half-cell modules as part of an innovative residential solar project in the British capital, London.

    The Solar Together London Scheme, which was launched in March this year, invited homeowners living in five London boroughs – Brent, Ealing, Kingston, Merton, and Sutton – to express interest in having a rooftop solar array installed. The scheme then pooled all applicants together, with solar installers invited to lodge tenders for the project under a typical reverse auction scheme.

    Homeowners offered discounted solar systems under a ‘bulk-buy’ programme

    Solarcentury won the one-day auction process having demonstrated – alongside its bid partner IKEA – how it could deliver savings of approximately £1,400 on a ten-panel system. Depending upon the size of the array, the 600 homeowners that are included in the scheme will receive savings of between 10% and 41%. Once completed, approximately 1.5 MW of new solar PV capacity will have been installed across the five boroughs, with the majority of customers opting for the high performance offer using Hanwha Q CELLS solar modules.

    These cost savings are arrived at through ‘bulk-buying’ solar panels into one single purchase. Homeowners fund the purchase themselves, but by grouping together, they can enjoy sizable discounts. Businesses are also invited to register their interest in the scheme.

    After winning the reverse auction, developer Solarcentury partnered with Hanwha Q CELLS to install the Q.PEAK DUO-G5 solar modules. The Q.PEAK DUO-G5 is a half-cell module that offers excellent aesthetics and a high power yield for minimum LCOE. The three junction box design also aids installation flexibility, ensuring that optimum yield output is possible on all types of roofs, while the half-cells also boost low-light performance – an attractive additional feature for a climate such as London’s.

    This project is part of the Mayor of London’s £34 million Energy for Londoners Programme, which aims to not only lower electricity bills throughout the capital, but to also boost the uptake of solar PV to 1 GW by 2030 through the Solar Together London initiative.

    Sean Collier, Head of Sales UK at Hanwha Q CELLS, remarked: “Such innovative schemes designed to make solar more accessible to homeowners in London are to be applauded. We hope the capital demonstrates to the rest of the country that residential solar is an affordable, reliable and attractive proposition, and for that reason, Hanwha Q CELLS is very pleased to be involved in the Solar Together London programme.”

    Gary Watson, Solar Together London Project Manager at Solarcentury, remarked: “We are delighted to have won this highly sought-after contract. Together with IKEA, we offer both the best value and highest quality products, amply demonstrated by our selection of the Q.PEAK DUO-G5 for the high performance package.”

    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.

    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.

    Contact

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Ian Clover
    Tel: +49 (0)3494 6699 10121
    E-mail: presse@q-cells.com

  • Hanwha Q CELLS to showcase ”Made in America” products and its bifacial module at Solar Power International 2018

    Sep 19, 2018 12:00:00 AM

    • "Made in America" range of solar products will launch in the United States next year.
    • Also on display will be the new bifacial prototype solar module, the Q.PEAK DUO L-G5.3/BF.
    • Visitors to the Hanwha Q CELLS booth can also enjoy its golf event and experience a virtual reality video that showcases the Company’s smart manufacturing system and module testing process.
    [Berlin, Germany, September 19, 2018]

    Hanwha Q CELLS Co., Ltd. (“Hanwha Q CELLS” or the “Company”), one of the largest solar cell and module manufacturers in the world, will participate in the 2018 Solar Power International (SPI) Exhibition held at the Anaheim Convention Center from September 25 to 27, 2018. SPI is regarded as one of the world's core solar PV exhibitions alongside Intersolar Europe, SNEC in China and PV EXPO in Japan. More than 20,000 industry professionals are expected to attend and over 650 companies will exhibit their products and technologies this year.

    Even after imposing safeguard measures on imported solar cells and modules, the U.S. solar market remains one of the largest in the world. For Hanwha Q CELLS, the U.S. market is particularly critical due to the synergy between the Company’s excellent product performance and level of quality, in addition to the huge demand in the U.S. for premium solar products used in large-scale power plants, the residential sector, and commercial markets.

    Therefore, Hanwha Q CELLS will not only showcase its existing product portfolio, but also introduce its “Made in America” products, which will launch next year. Additionally, Hanwha Q CELLS will introduce its new prototype bifacial solar module, the Q.PEAK DUO L-G5.3/BF.

    New product range to join high output Q.PEAK DUO-G5 and Q.PEAK DUO BLK-G5 at booth 2426

    The Q.PEAK DUO-G5, a monocrystalline solar module with half-cut cells, has a maximum output of 330Wp in a 120-cells format, and is the Company’s main product in the U.S. market. This solar module can generate higher electricity on the narrow rooftop of a residential or commercial facility, and can help lower LCOE in the long term. The Q.PEAK DUO BLK-G5 is a similar half-cell module that employs an aesthetically-pleasing black frame and backsheet, and is thus a favorite for residential market.

    In addition, Hanwha Q CELLS will also display its “Made in America” products, which will launch in 2019. This range includes the Q.PEAK DUO BLK-G6 – a next generation module of the Q.PEAK DUO BLK-G5 – with approximately 5% more output. Additionally, on display will be the Q.PLUS DUO L-G5.2, a multicrystalline solar module with half-cut cells that has a maximum output of up to 370Wp in a 144-cell format and is suitable for large-scale solar power plants.

    Under the “Made in America” slogan, Hanwha Q CELLS aims to increase consumer confidence based on products manufactured in the U.S., and plans to serve the entire U.S. solar market – from utility through to the residential sector.
    Hanwha Q CELLS will also showcase a prototype of an exciting new product that is currently under development. By adopting bifacial technology, the Q.PEAK DUO L-G5.3/BF can generate electricity on the back side of the module, thus boosting the output compared to mono-facial solar modules.

    Hanwha Q CELLS will also display the European Q.HOME+ ESS HYB-G2, which consists of an inverter, scalable battery and smart energy management system, in order to foreshadow efforts in developing an ESS product suitable for the U.S. market. By unveiling these new products pending future launch, Hanwha Q CELLS continues to promote its excellent technology and continuous efforts for new and innovative products.

    In addition to product launches and unveilings, Hanwha Q CELLS will operate a golf event on the first two days of the exhibition. The event will consist of autograph sessions, photo opportunities, and simple golf lesson with Eun-hee Ji, Jenny Shin and Nelly Korda of Hanwha Q CELLS’ golf team, offering visitors yet another reason to enjoy the booth. Furthermore, Hanwha Q CELLS will invite visitors to experience how the Company ensures the reliability and quality of its products using virtual reality. Viewers will be taken into the virtual world of Hanwha Q CELLS’ smart manufacturing system and module testing process, which is two-to-three times more stringent than global testing standards.

    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.

    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.

    Contact

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Ian Clover
    Tel: +49 (0)3494 6699 10121
    E-mail: presse@q-cells.com

  • Grid connection begins on Hanwha Q CELLS’ 45 MW solar PV portfolio in Poland

    Sep 7, 2018 12:00:00 AM

    • First megawatt of PV portfolio commissioned in the Polish town of Smętowo Graniczne
    • Remaining 44 MW, comprised of small clusters of single-MW solar plants, to be grid-connected across Poland by early 2019
    • Acquisition of 30 MW of PV projects in Poland complete
    [Berlin, Germany, September 7, 2018]

    Hanwha Q CELLS GmbH ("Hanwha Q CELLS" or “the Company”), the German subsidiary of one of the largest solar cell and module manufacturers in the world, Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL), has this week observed grid connection of the first megawatt of the Company’s solar PV portfolio in Poland. The first 1 MW plant to be grid-connected is located in Smętowo Graniczne and was built to Hanwha Q CELLS’ superior standards of quality, design, engineering and construction.

    This development comes after Hanwha Q CELLS’ recent finalization of the acquisition of an additional 30 MW of shovel-ready PV projects, thus increasing its portfolio to 45 MWp of solar plants up to 1 MW each. This represents 15% of all solar projects secured under Poland’s new RES auction system. Each of the 50 solar parks has been awarded with a 15-year Contract for Differences (CfD) agreement from the Polish Energy Regulator (URE), securing a fixed price in Polish Zloty for every kWh produced by the PV plants.

    Portfolio demonstrates Hanwha Q CELLS’ expertise across entire solar value chain

    The Hanwha Q CELLS EPC team has been very active in Poland’s solar market in 2018, proving adept at identifying attractive PV opportunities and delivering bankable EPC contracts. The division can also offer short- or long-term operations and maintenance (O&M) services to the solar plants post-acquisition.

    Hanwha Q CELLS identified Poland as an appealing solar market for its EPC division due to the competitive nature of the auction process and the abundant PV potential within the country. Cumulative awarded solar capacity currently stands at approximately 360 MW, according to the Polish Solar Energy Association, Polskie Towarzystwo Fotowoltaiki, which also estimates that the country’s total capacity could reach 1.2 GW by 2020.

    Mauro Di Fiore, VP of Hanwha Q CELLS’ EPC division, said: “The secured revenue stream and rate of return guaranteed by the Polish government makes this 45 MW solar PV portfolio an attractive investment in a market that we feel is growing in confidence and opportunity.

    “For a company like Hanwha Q CELLS, which has been steadily expanding its EPC activities worldwide, Poland’s renewable energy auctions represented an ideal occasion to showcase our skill and experience in controlling several steps of the solar value chain – from project rights acquisition and logistical supply of our industry-leading solar modules, through to EPC and O&M activities.”

    Amit Yalov, Head of Project Finance for Hanwha Q CELLS, added: “Our PV portfolio represents a significant portion of Poland’s future installed capacity, and we are very proud of our position in the market. We are keeping a close eye on the RES regulation developments and are preparing for the next auction.

    “Moving forward, we intend to further increase our portfolio in Poland and strengthen our standing in the Polish energy market.”

    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.

    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.

    Contact

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Ian Clover
    Tel +49 (0)3494 6699 10121
    E-mail presse@q-cells.com

  • Hanwha Q CELLS and RB Leipzig extend their international partnership until 2020

    Aug 30, 2018 12:00:00 AM

  • · The Q CELLS brand will continue to advertise its “ENGINEERED IN GERMANY” solar solutions on cam carpets, team benches and LED video boards for two additional seasons
    · The brand will also appear on advertising hoardings at all RB Leipzig home games in the EA Sports video game FIFA19
    · This move signifies the establishment of another long-term partnership for RB Leipzig

    [Leipzig/Bitterfeld-Wolfen, 30/08/2018]

    Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL) and German top-flight football club RB Leipzig have secured their international partnership ahead of schedule for another two Bundesliga seasons. Both partners announced the partnership extension today ahead of RB Leipzig’s first home game of the 2018/19 Bundesliga season on next Sunday. This means that the Q CELLS brand will continue to advertise its “Engineered in Germany” solar solutions in the Red Bull Arena until the end of the 2019/2020 season, as an international partner of ‘The Red Bulls’.

    The partnership – which includes advertising on cam carpets next to the goals, on the LED hoardings around the pitch and exclusively on the team benches – ensures that the Q CELLS brand gains significant exposure and visibility in the media and on TV. Furthermore, as part of the international partnership, the Q CELLS brand will appear for the first time on EA Sports video game FIFA 19 whenever RB Leipzig home matches are played.

    Oliver Mintzlaff, CEO of RB Leipzig, commented:

    “Continuing this important partnership with a renowned international company is an important step for us. RB Leipzig also aims to establish a more international presence – in both the sporting and in economic arenas. Hanwha Q CELLS is the perfect partner for us in moving forward in this direction, because the company is exceptionally skilled in combining global innovation with local heritage.”

    Daniel Jeong, CTO and Head of Hanwha Q CELLS GmbH in Germany, added:

    “The partnership with RB Leipzig helps us to further promote the Q CELLS solar brand among energy consumers in Germany, Europe and all over the world, as well as to grow our partner network. The first year of our partnership was very successful. The brands – both young, dynamic and successful – fit together perfectly. The response from our partners and customers has been very positive and the advertising has had the desired effect. This is why we are excited to have already extended our partnership with The Red Bulls to the end of the 2019/2020 season.” Hanwha Q CELLS GmbH operates the global Centre for Technology and Innovation for one of the leading solar manufacturers in Bitterfeld-Wolfen, just 50 km from RB Leipzig’s Red Bull Arena.

    Experience the international partnership between Q CELLS und RB Leipzig here on video.

    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.

    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.

    Contact

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Ian Clover
    Tel  +49 (0)3494 6699 10121
    E-mail presse@q-cells.com

  • Hanwha Q CELLS modules selected to power 500 kWp C&I PV installation in Greece

    Aug 29, 2018 12:00:00 AM

    • The 500 kWp C&I solar array has been installed on the grounds of the Exalco Aluminum factory in Larisa, Greece
    • 1,754 Hanwha Q CELLS Q.PLUS-G4.3 290 Wp multicrystalline modules used
    • Q.PARTNER Active Energy Solutions supplied and installed the modules
    • The installation is one of the largest net-metering projects in Greece
    [Berlin, Germany, August 29, 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), today announced its involvement in one of the largest solar net-metering projects in Greece.

    More than 1,750 Q.PLUS-G4.3 multicrystalline solar modules of the Q CELLS brand were selected by Greek solar distributor and EPC Company Active Energy Solutions for installation at a 500 kWp solar array at the Exalco Aluminum factory in Larisa, Greece.

    Exalco is one of the largest manufacturing firms in the country, and with this large solar PV array – which was installed in just two months and is now grid-connected – has signaled its intent to help accelerate Greece’s renewable energy journey, which is once again picking up pace.

    Recently, Greece energy regulator RAE received applications for 300 MW of solar PV to be tendered throughout 2018, building the foundations for more large-scale solar capacity to be added in 2019. The country’s net-metering scheme, meanwhile, continues to deliver a sizeable portion of PV electricity to the grid.

    High quality PV solutions for net-metering peace of mind

    Active Energy Solutions was eager to ensure that Exalco’s foray into the solar market was an instantly positive one, which is why the installer selected Q CELLS´ Q.PLUS-G4.3 module series.

    These 60-cell modules boast a power capacity of up to 290 Wp and offer a versatile and reliable solution to customers looking to generate long-term yields. The modules deliver excellent performance in low-light conditions and harsh climates – making them ideal for Exalco’s commercial rooftop that sits under Larisa’s unforgiving sun in the heart of the country.

    Vassilis Lazaridis, Sales Representative, Greece, Hanwha Q CELLS, said, “Greece’s reverse solar auctions and long-standing net-metering scheme are proving to be positive and pivotal tools in helping to restart growth in the Greek solar sector. The new FIT rates are very competitive, while projects such as this 500 kWp Exalco installation highlight just how vital solar energy can be in helping businesses lower their energy bills.”

    A spokesperson for Active Energy Solutions added,“Exalco’s new 500 kWp solar rooftop system is one of the largest net-metering projects in Greece. We wanted to ensure that the system would be cost-effective and reliable, while also constructed using high quality solar modules. Q CELLS’

    Q.PLUS-G4.3 modules fit the bill perfectly, and as a Q.PARTNER we were able to guarantee on-time delivery, installation, and peace of mind for our customer.” The professional partnership between Hanwha Q CELLS and Active Energy Solutions has grown with strength and mutual trust over the past four years.

    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.

    About Active Energy Solutions

    Active Energy Solutions is a leading solar equipment distributor and solar developer active across Greece and Cyprus.  AES provides the full spectrum of photovoltaic products such us (solar modules, inverters, batteries, cables etc.) in Greece and Cyprus. AES provides project development and turnkey solutions to its customers, for commercial, governmental and utility projects. AES has successfully developed many solar project for the largest companies in Greece and Cyprus. For more information, visit: www.active-energy.gr

    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.

    Contact

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Ian Clover
    Tel +49 (0)3494 6699 1012
    E-mail presse@q-cells.com

  • Hanwha Q CELLS homes in on Irish residential PV market as government launches solar grant program

    Aug 24, 2018 12:00:00 AM

    • 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 : enquiries@heatmerchants.ie

    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.

    Contact

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Ian Clover
    Tel +49 (0)3494 6699 10121
    E-mail presse@q-cells.com

  • Hanwha Q CELLS' Special Committee Retains Independent Financial Advisor and Legal Counsel

    Aug 24, 2018 12:00:00 AM

  • SEOUL, South Korea, Aug. 24, 2018 /PRNewswire/ -- Hanwha Q CELLS Co., Ltd. ("Hanwha Q CELLS" or the "Company") (NASDAQ: HQCL), a global leading photovoltaic manufacturer of high-performance, high-quality solar modules, today announced that the special committee the ("Special Committee") of its board of directors (the "Board"), formed to consider the previously announced preliminary, non-binding proposal, dated August 2nd, 2018 (the "Proposal Letter"), from Hanwha Solar Holdings Co., Ltd. ("HSH"), a subsidiary of Hanwha Chemical Corporation incorporated in the Republic of Korea, to acquire all of the outstanding shares of HQCL not already owned by HSH in a "going private" transaction (the "Proposed Transaction") for a cash consideration of US$9.00 per American Depositary Share ("ADS", each ADS representing fifty ordinary shares) or US$0.18 per ordinary share, has retained Houlihan Lokey Inc. as its independent financial advisor, Skadden, Arps, Slate, Meagher & Flom LLP as its U.S. legal counsel, and Conyers Dill & Pearman as its Cayman legal counsel to assist it in this process.

    The Special Committee is comprised of the following independent and disinterested directors: Steve Kim (Co-chair), Richard Chun (Co-chair), and Young Soon Kim.

    The Board cautions its shareholders and others considering trading in its securities that the Board just received the Proposal Letter and has not made any decisions with respect thereto. There can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated.

    The Company does not undertake any obligation to provide any updates with respect to the Proposed Transaction or any other transaction except as required by applicable law.

    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.

    Safe Harbor Statement

    This announcement contains forward-looking statements that are not statements of historical fact. 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. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Except as required by law, Hanwha Q CELLS does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

    Cision View original content:HTTP://WWW.PRNEWSWIRE.COM/NEWS-RELEASES/HANWHA-Q-CELLS-SPECIAL-COMMITTEE-RETAINS-INDEPENDENT-FINANCIAL-ADVISOR-AND-LEGAL-COUNSEL-300701993.HTML

    SOURCE Hanwha Q CELLS Co., Ltd.

    Chun SamSeoyun, +82-2-729-2179, seoyun.chun@hanwha-qcells.com

  • Intersolar South America 2018: Hanwha Q CELLS to exhibit at the show for the first time

    Aug 23, 2018 12:00:00 AM

    • Hanwha Q CELLS will participate in the South America exhibition for the first time to establish a solid foundation for successful market entry
    • Hanwha Q CELLS will exhibit Q.POWER L-G5 modules suitable for large power plants, as well as Q.PEAK L-G5 modules, suitable for residential and commercial markets
    • Also on display will be the Q.PEAK DUO-G5, Hanwha Q CELLS’ highest performance module, to emphasize their technology leadership
    • Hanwha Q CELLS CEO Seong Woo Nam stated: “We will preemptively respond to unstable market conditions via a market diversification strategy, which includes South America, a region highly likely to grow”

    [Berlin, Germany, August 23, 2018] Hanwha Q CELLS Co., Ltd. (“Hanwha Q CELLS”), one of the largest solar cell manufacturers in the world, will participate at Intersolar South America 2018 in Expo Center Norte, São Paulo, Brazil from August 28 to 30. Intersolar South America is one of the flagship regional exhibitions of the Intersolar calendar, which is renowned across the solar industry. An estimated 240 companies will be in attendance in Brazil this year, and this is the first time that Hanwha Q CELLS will participate in an exhibition held in South America.

    South America is gathering attention as one of the best regions for solar power generation because of its abundant solar radiation and plentiful hours of sunshine. In particular, the Brazilian solar market has vast potential to grow due to average sunshine duration that is 1.6 times that of South Korea, as well as concerted efforts to diversify energy sources at the national level. With this exhibition, Hanwha Q CELLS is planning to establish a solid foundation for successful market entry into South America by promoting its position as a global leader and emphasizing its excellent technology, focusing on primary markets such as Brazil and Chile.

    At Intersolar South America, Hanwha Q CELLS will mainly exhibit its Q.POWER L-G5 and Q.PEAK L-G5 solar modules, which are the main products available in the South American market. The Q.POWER module is a multicrystalline solar module with excellent cost-efficiency, making it an ideal solution for the types of very large PV plants that are becoming commonplace across the continent. The Q.PEAK module, meanwhile, is a high-performance monocrystalline module that produces abundant electricity in a small area, making it suitable for South American residential and commercial markets – both of which are highly likely to grow in the future. Based on these two products, Hanwha Q CELLS will target the entire South American solar market, from large power plants to residential and commercial installations.

    To highlight its technology leadership, Hanwha Q CELLS will also display the Q.PEAK DUO L-G5 – the company’s highest-performance module. Q.PEAK DUO, a monocrystalline solar module with half-cut cells, has a maximum output of 400Wp based on Q.ANTUM DUO technology, Hanwha Q CELLS’ state-of-the-art technology. It is also optimized for real environments, ensuring high output and long-term stability even in less-than-optimal conditions such as low light or high temperature. In recognition of its technological excellence and product innovation, the Q.PEAK DUO was selected as the only solar module winner at the Intersolar Award 2018, which was held in June in Germany.

    Seong Woo Nam, CEO of Hanwha Q CELLS, said, “South America is a region with a suitable environment for solar power generation, and one of the areas expected to grow rapidly in the future. While the global solar market is unstable due to a number of global policy changes, such as safeguard tariffs in the U.S. and subsidy cuts in China, we will achieve increased sales and profit stabilization through a market diversification strategy, which include the South American region.”

    Table: Primary Market Size in South America (in GW)


    (Source : GTM Latin America Playbook Q4, 2017)

    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.

    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.

    Contact

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Ian Clover
    Tel +49 (0)3494 6699 10121
    E-mail presse@q-cells.com

  • Hanwha Q CELLS Reports Second Quarter 2018 Results

    Aug 13, 2018 12:00:00 AM

  • SEOUL, South Korea, Aug. 13, 2018 /PRNewswire/ -- Hanwha Q CELLS Co., Ltd. ("Hanwha Q CELLS" or the "Company") (NASDAQ: HQCL), a global leading photovoltaic manufacturer of high-performance, high-quality solar modules, today reported its unaudited financial results for the second quarter ended June 30, 2018. The Company will host a conference call to discuss the results at 8:00 am Eastern Time (9:00 pm Korea Standard Time) on August 13, 2018.

    Second Quarter 2018 Highlights

    - Net revenues were $518.4 million, compared with $443.0 million in the first quarter of 2018 and $577.7 million in the second quarter of 2017.
    - Gross margin was 14.0%, compared with 17.8% in the first quarter of 2018 and 11.6% in the second quarter of 2017.
    - Operating income was $4.8 million, compared with $33.1 million in the first quarter of 2018 and $20.1 million in the second quarter of 2017.
    - Net loss attributable to Company's ordinary shareholders was $41.3 million, compared with net income of $31.0 million in the first quarter of 2018 and $18.7 million in the second quarter of 2017.
    - Loss per fully diluted American Depositary Share ("ADS" and each ADS represents 50 of the Company's ordinary shares) was $0.50, compared with income per fully diluted ADS of $0.37 in the first quarter of 2018 and income per fully diluted ADS of $0.22 in the second quarter of 2017.

    Mr. Seong Woo Nam, CEO of Hanwha Q CELLS, while noting that the second quarter "has been a difficult quarter for the industry," expressed confidence that "the market will rebound and continue to grow in the long-term as solar becomes more and more competitive with other forms of generation."

    Mr. Joo Yoon, Senior Vice President of Global Sales and Marketing, noted that the Company was able to "modestly beat" its previous guidance for Q2 "despite the demand shock provided to the global market by the Chinese government's policy shift." Mr. Yoon forecasted that the Company's shipments will increase in the second half of the year, "in spite of contraction of demand in the world's largest solar market and unfavorable trade environment."

    Mr. Jay Seo, the Company's CFO, commented on the Company's Q2 operating results and financial position and provided an update regarding the going-private offer the Company received on August 3rd, stressing that the offer is "still at a preliminary stage" and that the Company cannot provide assurance regarding the consummation of the deal.

    Second Quarter 2018 Results of Operations

    Net Revenues

    - Total net revenues were $518.4 million, up 17.0% from $443.0 million in the first quarter of 2018 and down 10.3% from $577.7 million in the second quarter of 2017.

    Gross Profit and Margin

    - Gross profit in the second quarter of 2018 was $72.6 million, down 8.0% from $78.9 million in the first quarter of 2018 and up 8.0% from $67.2 million in the second quarter of 2017.
    - Gross margin in the second quarter of 2018 was 14.0%, compared with 17.8% in the first quarter of 2018 and 11.6% in the second quarter of 2017.

    Results of Operations and Operating Margin

    - Income from operations in the second quarter of 2018 was $4.8 million, compared with $33.1 million in the first quarter of 2018 and $20.1 million in the second quarter of 2017.
    - Operating margin in the second quarter of 2018 was 0.9%, compared with 7.5% in the first quarter of 2018 and 3.5% in the second quarter of 2017.
    - Total operating expenses were $67.8 million in the second quarter of 2018, up 48.0% from $45.8 million in the first quarter of 2018 and up 43.9% from $47.1 million in the second quarter of 2017.
    - Selling and marketing expenses were $42.0 million in the second quarter of 2018, up 46.9% from $28.6 million in the first quarter of 2018 and up 42.4% from $29.5 million in the second quarter of 2017.
    - General and administrative expenses were $21.0 million in the second quarter of 2018, up 65.4% from $12.7 million in the first quarter of 2018 and up 55.6% from $13.5 million in the second quarter of 2017.
    - Research and development expenses were $4.8 million in the second quarter of 2018, up 6.7% from $4.5 million in the first quarter of 2018 and up 17.1% from $4.1 million in the second quarter of 2017.

    Net Interest Expense

    - Net interest expense was $15.2 million in the second quarter of 2018, compared with $12.2 million in the first quarter of 2018 and $9.2 million in the second quarter of 2017.

    Foreign Currency Exchange Gain (Loss)

    - Foreign currency exchange loss was $37.8 million in the second quarter of 2018, compared with a gain of $11.5 million in the first quarter of 2018 and a gain of $7.1 million in the second quarter of 2017.

    Gain (loss) on Change in Fair Value of Derivative Contracts

    - Gain on change in fair value of derivative contracts was $8.1 million in the second quarter of 2018, compared to no gain or loss in the first quarter of 2018 and a loss of $3.0 million in the second quarter of 2017.

    Income Tax Expense (Benefit)

    - Income tax expense was $1.9 million in the second quarter of 2018, compared with an income tax expense of $3.3 million in the first quarter of 2018 and an income tax benefit of $3.0 million in the second quarter of 2017.

    Net Income (Loss) and Earnings (Loss) per ADS

    - Net loss attributable to Company's ordinary shareholders was $41.3 million in the second quarter of 2018, compared with net income of $31.0 million in the first quarter of 2018 and net income of $18.7 million in the second quarter of 2017.
    - Loss per fully diluted ADS on a GAAP basis was $0.50 in the second quarter of 2018, compared with an income per fully diluted ADS of $0.37 in the first quarter of 2018 and income per fully diluted ADS of $0.22 in the second quarter of 2017.

    2018 Second Quarter Financial Position

    As of June 30, 2018, the Company had cash and cash equivalents of $168.8 million, compared with $183.4 million as of December 31, 2017. The restricted cash as of June 30, 2018 was $142.0 million, compared with $139.7 million as of December 31, 2017.

    As of June 30, 2018, accounts receivable was $477.5 million, compared with $525.4 million, as of December 31, 2017. Inventories were $556.1 million as of June 30, 2018, compared with $293.6 million as of December 31, 2017.

    As of June 30, 2018, accounts payable was $643.3 million, compared with $454.8 million, as of December 31, 2017.

    Total short-term bank borrowings (including the current portion of long-term bank borrowings) as of June 30, 2018 was $665.7 million, compared with $679.5 millionas of December 31, 2017.

    As of June 30, 2018, the Company had total long-term debt (net of current portion and long-term notes) of $644.9 million compared with $ 536.2 million as of December 31, 2017. The Company's long-term debt is comprised of bank and government borrowings, to be repaid in installments until their maturities, ranging from one to thirteen years.

    Capital expenditures were $20.4 million in the second quarter of 2018.

    Operations Updates

    Production Capacity

    As of June 30, 2018, the Company's in-house, annualized production capacities were 1,600 MW for ingots, 4,300 MW for cells and 4,300 MW for modules.

    Furthermore, the Company has additional module availability of up to 3,700 MW (annualized) as of June 30, 2018 from Hanwha Q CELLS Korea Corporation, an affiliate of the Company.  Hanwha Q CELLS Korea is expected to have an additional 1,600 MW of module capacity in the United States in Q1 2019.

    Business Outlook

    Third Quarter and Full Year 2018 Guidance

    For the third quarter of 2018, the Company estimates net revenues in the range of $590 to 610 million.

    For the full year 2018, the Company provides the following guidance:

    - Total module shipments in the range of 5,600 to 5,800 MW
    - Capital expenditures of approximately $145.0 million for manufacturing technology upgrades and certain R&D related expenditures.

    Conference Call

    The Company will host a conference call to discuss the results at 8:00 am Eastern Time (9:00 pm Korea Standard Time) on August 13, 2018. The management will discuss the results and take questions following the prepared remarks.

    A live webcast of the conference call will be available on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM or by clicking the following hyperlink:  HTTPS://EDGE.MEDIA-SERVER.COM/M6/P/K928UVQY.

    The dial-in details for the live conference call are as follows:

    International Toll Free Dial-In Number : +65 6713-5090
    United States :+1 (845) 675-0437
    South Korea : +82 2-6490-3660
    Germany : 08001820671
    United Kingdom : +44 2036214779
    China, Domestic : 4006208038 / 8008190121
    Hong Kong : +852 30186771
    Passcode: HQCL

    A replay of the call will be available after the conclusion of the conference call on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM and also by dialing the numbers below:

    International Toll Free Dial-In Number : +61 2 8199 0299
    United States : +1 (855) 452-5696
    South Korea : 00798-6136-1602
    Germany : 08001802149
    United Kingdom : 08082340072
    China, Domestic : 8008700206 / 4006322162
    Hong Kong : 800963117
    Conference ID : 9982736

    Replay time period: August 13, 2018 11:00 ET - August 20, 201809:59 ET

    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.

    Safe Harbor Statement

    This report contains forward-looking statements that are not statements of historical fact. 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. Such statements, particularly statements about our guidance for performance in the second quarter and the full year 2018, involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such risks and uncertainties include pending administrative and civil actions in the United States under existing or potential new statutes and regulations governing trade between the United States and other countries, and potential antidumping, countervailing or other duties imposed on goods imported into the United States, as well as the Company's access to new capacity from an affiliate. Further information regarding these and other risks is included in Hanwha Q CELLS' filings with the 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 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.

    Sam (Seoyun) Chun, +82-2-729-2179, seoyun.chun@hanwha-qcells.com

  • Hanwha Q CELLS Announces Formation of an Independent Special Committee

    Aug 3, 2018 12:00:00 AM

  • SEOUL, South Korea, Aug. 3, 2018 /PRNewswire/ -- Hanwha Q CELLS Co., Ltd. ("Hanwha Q CELLS" or the "Company") (NASDAQ: HQCL), a global leading photovoltaic manufacturer of high-performance, high-quality solar modules, today announced that the Company's board of directors (the "Board") has formed a special committee (the "Special Committee") of independent directors to consider the preliminary non-binding proposal letter (the "Proposal Letter"), dated August 2, 2018 from Hanwha Solar Holdings Co., Ltd. ("HSH"), a subsidiary of Hanwha Chemical Corporation incorporated in the Republic of Korea, to acquire all of the outstanding shares of HQCL not already owned by HSH in a "going private" transaction (the "Proposed Transaction") for a cash consideration of US$9.00 per American Depositary Share ("ADS", each ADS representing fifty ordinary shares) or US$0.18 per ordinary share. The Company expects that the Special Committee will engage and retain independent legal and financial advisors to assist its review of the Proposed Transaction.

    The Board cautions its shareholders and others considering trading in its securities that the Board just received the Proposal Letter and has not made any decisions with respect thereto. There can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated.

    The Company does not undertake any obligation to provide any updates with respect to the Proposed Transaction or any other transaction except as required by applicable law.

    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.

    Safe Harbor Statement

    This announcement contains forward-looking statements that are not statements of historical fact. 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. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Except as required by law, Hanwha Q CELLS does not undertake any obligation to update 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.

    Jin Soo (Tom) Yu, +82 2 729 4431, jinsoo.yu@hanwha-qcells.com

  • Hanwha Q CELLS Announces Receipt of Preliminary Non-binding "Going Private" Proposal

    Aug 2, 2018 12:00:00 AM

  • SEOUL, South Korea, Aug. 2, 2018 /PRNewswire/ -- Hanwha Q CELLS Co., Ltd. ("Hanwha Q CELLS" or the "Company") (NASDAQ: HQCL), a global leading photovoltaic manufacturer of high-performance, high-quality solar modules, today announced that its board of directors (the "Board") has received a preliminary non-binding proposal letter (the "Proposal Letter"), dated August 2, 2018, from Hanwha Solar Holdings Co., Ltd. ("HSH"), a subsidiary of Hanwha Chemical Corporation incorporated in the Republic of Korea, to acquire all of the outstanding shares of the Company not already owned by HSH in a "going private" transaction (the "Proposed Transaction") for a cash consideration of US$9.00 per American Depositary Share ("ADS", each ADS representing fifty ordinary shares) or US$0.18 per ordinary share. A copy of the Proposal Letter is attached hereto as Exhibit A.

    The Board intends to form a special committee consisting of independent directors to consider this proposal. The Company cautions its shareholders and others considering trading in its securities that the Board just received the the Proposal Letter and has not made any decisions with respect thereto. There can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated.

    The Company does not undertake any obligation to provide any updates with respect to the Proposed Transaction or any other transaction except as required by applicable law.

    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.

    Safe Harbor Statement

    This announcement contains forward-looking statements that are not statements of historical fact. 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. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Except as required by law, Hanwha Q CELLS does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

    Exhibit A

    August 2, 2018

    The Board of Directors
    Hanwha Q CELLS Co., Ltd. (the "Company")
    Hanwha Building,
    86 Cheonggyecheon-ro,
    Jung-gu, Seoul, Korea

    Dear Sirs:

    We, Hanwha Solar Holdings Co., Ltd. (the "Buyer"), are pleased to submit this preliminary non-binding proposal to the board of the directors of the Company (the "Board") to acquire all of the outstanding ordinary shares ("Shares") of the Company not already owned by us in a going-private transaction pursuant to the provisions of Part XVI of the Companies Law (as amended) of the Cayman Islands (the "Transaction").  The Buyer currently beneficially owns approximately 94.0% of the Shares of the Company.

    We believe that our proposal of US$0.18 in cash per Share, or US$9.00 in cash per American Depositary Share of the Company ("ADS", each representing 50 Shares), will provide a very attractive opportunity to the Company's shareholders. This purchase price represents a premium of approximately 35.7% to the Company's closing price on August 1, 2018.

    The preliminary terms and conditions upon which we are prepared to pursue the Transaction are set forth below.  We are confident in our ability to consummate the Transaction as outlined in this letter.

    1. Transaction.  The Transaction will be in the form of a short-form statutory merger of the Company with the Buyer in accordance with  section 233 of the Companies Law (as amended) of the Cayman Islands. Pursuant to section 233(7) of the Companies Law (as amended) of the Cayman Islands, a short-form statutory merger refers to the merger of a parent company with one or more of its subsidiaries to form a single surviving company.
    2. Purchase Price.  Our proposed consideration payable for the Shares acquired in the Transaction will be US$0.18 per Share, or US$9.00 per ADS, in cash.
    3. Financing.  We intend to finance the Transaction with cash contributions  or a shareholder loan from our parent company, Hanwha Chemical Corporation.  We expect definitive commitments for the required funding, subject to terms and conditions set forth therein, to be in place when Definitive Agreement (as defined below) are signed. We are confident that we can timely secure adequate financing to consummate the Transaction.
    4. Due Diligence.  Given our existing ownership interest, our own due diligence will be done in an efficient manner.  We have appointed Citigroup Global Markets Korea Securities Limited as our financial advisor and Cleary Gottlieb Steen & Hamilton LLP as our U.S. legal counsel and Walkers as our Cayman Islands legal counsel to assist us with the due diligence.
    5. Definitive Agreements.  We are prepared to negotiate and finalize definitive agreements (the "Definitive Agreements") expeditiously. This proposal is subject to execution of the Definitive Agreements.  Given that the Transaction will be implemented in a short-form merger, we expect the Definitive Agreements to be straight forward.
    6. Confidentiality  We will, as required by law, promptly file an amendment to our Schedule 13D to disclose this letter.  We are sure you will agree with us that it is in both of our interests to ensure that we proceed our discussions relating to the Transaction in a confidential manner, unless otherwise required by law, until we have executed the Definitive Agreements or terminated our discussions.
    7. Process.  We believe that the Transaction will provide superior value to the Company's shareholders as compared to remaining a publicly traded company.  We understand that a written merger plan will need to be approved by the boards of directors of the Buyer and the Company under section 233 of the Companies Law (as amended) of the Cayman Islands.  In addition, we understand that the Transaction will need to be approved by a majority of the independent directors of the Company under the terms of the Shareholder Agreement dated as of December 8, 2014 between the Company and the Buyer.   As such, it is our expectation that the Board will appoint a special committee of independent directors to consider this proposal and make a recommendation to the Board based on its independent evaluation of our proposal.  Once the Board approves the Transaction based on the recommendation of the independent directors of the Company, we expect to consummate the Transaction after delivering the required disclosure documents (including the written merger plan) to the shareholders.  In considering the proposed Transaction, you should be aware that we are interested only in acquiring the outstanding Shares we do not already own, and that we do not intend to sell our stake in the Company to a third party.
    8. No Binding Commitment This letter constitutes only a preliminary indication of our interest, and does not constitute any binding commitment with respect to the Transaction.  Such a commitment will result only from the execution of Definitive Agreements, and then will be on the terms provided in such documentation.

    In closing, we would like to express our commitment to working together with you to bring this Transaction to a successful and timely conclusion. Should you have any questions regarding this proposal, please do not hesitate to contact us.  We look forward to speaking with you.

    Sincerely,

    Hanwha Solar Holdings Co., Ltd.

    By: /s/ Sang-Heum Han
    Name : Sang-Heum Han
    Title: Director

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    SOURCE Hanwha Q CELLS Co., Ltd.

    Jin Soo Yu, jinsoo.yu@hanwha-qcells.com, +82-2-729-4431

  • Hanwha Q CELLS to Announce Second Quarter 2018 Financial Results on August 13

    Aug 2, 2018 12:00:00 AM

  • SEOUL, South Korea, Aug. 2, 2018 /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, today announced that it will release its second quarter 2018 financial results before the market opens on Monday, August 13, 2018. The Company will host a conference call to discuss the results and updated business outlook at 8:00 AM Eastern Time (9:00 PM Korea Time).

    Conference Call

    A live webcast of the conference call will be available on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM or by clicking the following hyperlink: HTTPS://EDGE.MEDIA-SERVER.COM/M6/P/WGGNTCHI.

    The dial-in details for the live conference call are as follows:  

    International Toll Free Dial-In Number : +65 6713-5090
    United States : +1 (845) 675-0437
    South Korea : +82 27395177
    Germany : 08001820671
    United Kingdom : +44 2036214779
    China, Domestic : 4006208038 / 8008190121
    Hong Kong : +852 30186771

    Passcode: HQCL

    A replay of the call will be available after the conclusion of the conference call on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM and also by dialing the numbers below:

    International Toll Free Dial-In Number : +61 2 8199 0299
    United States : +1 (855) 452-5696
    South Korea : 00798-6136-1602
    Germany : 08001802149
    United Kingdom : 08082340072
    China, Domestic : 8008700206 / 4006322162
    Hong Kong : 800963117
    Conference ID: 1657559

    Replay time period: August 13, 2018 11:00 ET - August 21, 201809:59 ET

    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.

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    SOURCE Hanwha Q CELLS Co., Ltd.

    Sam Chun, Asst. Manager, Investor Relations, +82 2-729-2179, seoyun.chun@hanwha-qcells.com

  • Hanwha Q CELLS Japan was the leading module supplier in Japan in 2017

    Jul 25, 2018 12:00:00 AM

    • Shipments of 770 MW in 2017 secured top market share among all module suppliers in Japan
    • Hanwha Q CELLS Japan has been the leading overseas solar module supplier since 2013, and the Company also surpassed domestic suppliers last year
    • Japan’s preference for high quality aligns perfectly with Q CELLS’ “Engineered in Germany” solar product portfolio
    • The Company provides solutions that meet the needs of Japan’s growing residential sector, such as 32- and 48-cell modules, and the Q.HOME+ energy storage system
    [Berlin, Germany, July 25, 2018]

    Hanwha Q CELLS Japan Co., Ltd. (“Hanwha Q CELLS Japan”) today announced that it secured a leading module supply market share with 770 MW of module shipments in Japan in 2017.

    According to independent report, Reality and Future Perspective of Solar Battery Related Technology and Market 2018, published by Japanese market research company Fuji Keizai Co., Ltd, Hanwha Q CELLS Japan’s module shipments in Japan last year was higher than any other company, including Chinese players as well as leading domestic brands.

    Last year’s market-leading performance built upon a strong showing for Hanwha Q CELLS Japan in 2016, when the company was the second largest module supplier with 700 MW of shipments.

    Hanwha Q CELLS Japan first entered the Japanese solar market in 2011. In the following year, the Company delivered a relatively modest 50 MW of modules, before rising to become the leading overseas player in 2013 with shipments of 500 MW.

    Japanese appetite for high quality matches the ethos of Hanwha Q CELLS Japan

    Non-domestic solar module suppliers have long struggled to gain secure footing in the Japanese PV market. A combination of strong domestic brands and a historical preference for high quality products has meant that Japanese end consumers, distributors and installers have rarely chosen a non-Japanese solar module.

    This preference for high performance and high quality is evident in multiple markets in Asia-Pacific, including Australia, which has consistently seen growth in market share that reached nearly 10% in the residential, rooftop segment as of 2017.

    That attitude has begun to change over the past couple of years as leading international firms such as Hanwha Q CELLS Japan have entered the market. The product portfolio offered to Japanese customers by Hanwha Q CELLS Japan is defined by the highest technology standards of “Engineered in Germany” with Q CELLS’ proprietary technology “Q.ANTUM.” Moreover, Q CELLS’ quality test is two to three times stricter than the global testing standard, so the Company is able to meet the exacting standards and preferences required in Japan.

    Awards and accolades bestowed upon Q CELLS’ modules – including the recent Intersolar Award 2018 in the category of Photovoltaics for the Q.PEAK DUO-G5 half-cell module, and the “Top Brand PV Europe Seal 2018” award from EuPD research – serve to underline the excellence in reliability, performance, quality and innovation that Japanese customers appreciate.

    Hanwha Q CELLS Japan also provides localized products and solutions that have been adapted to meet the needs of the typical Japanese household, such as smaller 32- and 48-cell modules that are better suited to Japanese residential rooftops. Also, the Q.HOME+ all-in-one storage solution, which is comprised of a battery, inverter and energy management system is available in Japan.

    Furthermore, Hanwha Q CELLS Japan operates one of the largest sales networks in Japan among non-domestic PV manufacturers, with a Tokyo HQ and four additional sales branches in Fukuoka, Osaka, Nagoya and Sendai. The technical support center is also located in Tsukuba. Such a broad presence provide Japanese customers a peace of mind that Hanwha Q CELLS Japan is on hand to support them and their PV systems at their convenience.

    Residential growth equals residential strength for Hanwha Q CELLS Japan

    Despite severe cuts to Japan’s residential feed-in tariff (FIT) – which was lowered at the beginning of the year from ¥28/kWh to ¥26kWh – the residential PV sector is enjoying a renaissance, boosted by the Government’s Zero Energy House (ZEH) directive. The ZEH states that more than half of new homes built by 2020 should have zero emissions, and thus more and more homebuilders and homeowners are turning to solar. According to consulting firm RTS Corporation, residential installations will play a leading role in pushing 2018 PV installations in Japan to as high as 7.5 GW – up from 2017.

    In the residential market last year, Hanwha Q CELLS Japan’s Q.PEAK product was the most preferred module in Japan, winning the ‘Smart HIT Award 2017’ prize given by Smart House Magazine. The Q.PEAK series uses Hanwha Q CELLS’ proprietary Q.ANTUM (PERC) monocrystalline cell technology to deliver efficiencies of up to 18.6%, offering outstanding yields over smaller surface areas.

    Hanwha Q CELLS, together with Hanwha Q CELLS Korea, another affiliate of Hanwha Group, is the world’s largest manufacturer of PERC solar cells, with annual production capacity of over 6 GW. PERC technology was first developed at Australia’s University of New South Wales. Inventor of PERC and recent Global Energy Prize winner, Dr. Martin Green predicts that PERC technology utilized in all Q.ANTUM module ranges of Hanwha Q CELLS, including half-cell PERC technology such as Q.ANTUM DUO, will be the direction in which the rest of the industry will go. “Hanwha Q CELLS has definitely led the way in getting PERC into production,” says Dr. Green.

    Dong-in Shin, the Head of Sales for Hanwha Q CELLS Japan, said, “Securing leading market share in a competitive, high quality solar market such as Japan is testament to the extensive effort put in by the Hanwha Q CELLS R&D team to ensure that our module products are continually the best-in-class.”

    “As a non-domestic company, thriving in the Japanese solar market is incredibly challenging, which is why Hanwha Q CELLS Japan has taken great care to understand the needs of end customers in Japan, examining closely which solutions, products and services would best fit their needs, and why we have duly delivered. Our aim now is to continue to strengthen this market-leading position in Japan and further build strong relationships throughout the country.”

    About Hanwha Q CELLS Japan

    Hanwha Q CELLS Japan Co., Ltd was established in 1984 as Japanese subsidiary of a South Korea’s leading enterprise, Hanwha Group and commemorated 30th anniversary in February 2014. Hanwha Q CELLS Japan conducts exportation, importation in Asia and sales in Japanese market for various key industries such as solar energy (photovoltaic module importation and IPP), chemicals, iron, steel, mechatronics, manufacturing facilities, automotive components and IT products. In 2017, Hanwha Q CELLS Japan became the leading PV module supplier in Japan based on shipment volume, reached 3.4 GW of total shipment volume and 30,000 installations on residential roofs, ever since the company entered PV business in 2011.
    For more information, visit: www. q-cells.jp/

    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 Japan’s 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. Except as required by law, Hanwha Q CELLS Japan does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Ian Clover
    Tel +49 (0)3494 6699 1012
    E-mail presse@q-cells.com

  • Hanwha Q CELLS solar modules installed on stadium of professional English football club Doncaster Rovers

    Jul 23, 2018 12:00:00 AM

    • Hanwha Q CELLS’ Q.PLUS-G4 solar modules have been installed on the roof of English football club Doncaster Rovers’ Keepmoat Stadium
    • The 178.9 kWp array joins, on the roof of the stadium, an existing 50 kWp array that was installed in 2013, to create a total rooftop PV system of 228.9 kWp
    • Oakapple Renewable Energy Ltd. installed the array as one of the UK’s first subsidy-free commercial PPAs
    [Berlin, Germany, July 23, 2018]

    Hanwha Q CELLS GmbH (“Hanwha Q CELLS”), the German subsidiary of the world’s  No.1 solar cell manufacturer (2017) Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL), has supplied 628 Q.PLUS-G4.3 solar modules of its renowned Q CELLS brand to a 178.9 kWp rooftop array at the stadium of English football league club Doncaster Rovers.

    The Keepmoat Stadium, in the northern English city of Doncaster, is the home of the Doncaster Rovers football team, which currently plays in League One in the English football pyramid. The stadium became the first professional football ground to adopt solar in the U.K., when a 50 kWp solar array was installed in 2013.

    Ever since, Doncaster Rovers has enjoyed annual electricity bill savings of more than £3,000 per year and feed-in tariff (FIT) payments of more than £6,000 per year. Encouraged by its solar journey, the club decided this year to increase the capacity of the solar system on the stadium roof with solar panels – and Hanwha Q CELLS’ high-efficiency Q.PLUS-G4.3 modules were chosen for the purpose.

    Football fever, solar solutions

    The extension of Doncaster Rovers’ solar footprint has been facilitated by an intelligent power purchase agreement (PPA) set up by Oakapple Renewable Energy, which installed the 178.4 kWp system at the 15,000-capacity stadium. This PPA is one of the first subsidy-free PPAs in the U.K., and it enables Doncaster Rovers to directly purchase the solar energy produced at rates 25% below grid-supplied energy prices. The PPA has also been expanded to include the older 50 kWp array – owned by the football club – into the terms of agreement.

    The solar modules, fitted on to the south-facing rooftop at the Keepmoat Stadium, will allow the football club to pay just £0.085 per unit of electricity under the new PPA, compared to a previous price of £0.110 per unit. Over the course of the installation’s lifetime, this could lead to savings of nearly £1 million – or in other words, enough to pay Cristiano Ronaldo’s Juventus FC wages for two weeks.

    Solar power and football are becoming increasingly close teammates throughout the world. Hanwha Q CELLS is a sponsor of RB Leipzig, rising star in the German Bundesliga and located a few kilometers away from the Hanwha Q CELLS GmbH headquarters in Thalheim, while a growing number of other professional clubs globally have awoken to the idea of using solar PV to power their stadiums, lower their overheads and clean up their energy supply.

    Sean Collier, Head of U.K. Sales, Hanwha Q CELLS, said, “It’s already been a glorious summer of football for England, and it is exciting to see forward-thinking clubs such as Doncaster Rovers embracing solar power in such a positive way. The reliability, high efficiency and high power output of the Hanwha Q CELLS Q.PLUS-G4.3 solar modules will ensure that the club can continue to enjoy affordable and clean electricity bills for many years to come.”

    Collier continued, “With the U.K. FIT for new installations set to close in March 2019, it is vital that flagship projects such as this one lead the way in transitioning the U.K. solar market to a post-FIT, sustainable and profitable PV landscape.”

    David Cockayne, Managing Director of Oakapple Renewable Energy Ltd., added, “Doncaster Rovers now has no ongoing maintenance to worry about, pay for or administer. The solar system is fully insured by the PPA funder, and there will also be no concerns about any future business rate increases. This security and peace of mind is vital and allows the football club to fully focus on its dreams of on-field success.”

    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.

    About Oakapple Renewable Energy Ltd.

    Part of the Oakapple group of companies, Oakapple Renewable Energy Ltd have their head office in Leeds, with further offices in Warwick and Glasgow, covering the whole of the UK they focus on Solar PV under Commercial contracts, recently acclaimed winners of the Yorkshire and Humber PV Installer of the year award at the Energy Efficiency Awards in Sheffield, they pride themselves on quality, for more information visit  http://www.oakapple-energy.co.uk

    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.

    Contact

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Ian Clover
    Tel +49 (0)3494 6699 1012
    E-mail presse@q-cells.com

  • Synergy between Q.PARTNER network of Hanwha Q CELLS and Smart Partner of VP Solar continues to grow

    Jul 9, 2018 12:00:00 AM

    • Hanwha Q CELLS and VP Solar have defined an agreement to increase the synergies between the networks of their professional installers
    • Q CELLS Q.PARTNER and VP Solar s Smart Partner network will bring together solar installers in Italy
    [Berlin, Germany, July 9, 2018]

    Hanwha Q CELLS GmbH, the German subsidiary of Hanwha Q CELLS Co., Ltd., one of the world’s largest manufacturers of solar cells, has defined an agreement to strengthen its presence in the Italian solar market by increasing its synergies with leading distributor, VP Solar.

    Hanwha Q CELLS’ Q.PARTNER network, founded in 2016, now includes approximately 200 certified installers of photovoltaic systems and energy systems throughout Italy that, as authorized Hanwha Q CELLS partners, get access to various initiatives and commercial facilities, including the Q.PARTNER Portal, which is a support tool with a dedicated planning tool for PV systems as well as promotional material. The network also offers Q.PARTNERs invitation to special training sessions and access to in-depth commercial reports. Q.PARTNERs also benefit from leads in C&I business, which they can get directly from Hanwha Q CELLS.

    The Smart Partner network (www.smartpartner.it), initiated and coordinated by specialized distributor VP Solar, was established in 2013. In the past five years it has become a vital component of the Italian solar market, with more than 500 installers actively participating. Installation companies interested in free access to the Smart Partner Network can apply for access to dedicated training courses, exclusive innovative technologies, and opportunities for entrepreneurial growth such as lead generation.

    Win-win networks for installers in Italy

    The synergies between the two installer networks allow installers to benefit from many advantages. This is a result of the agreements between Hanwha Q CELLS, a leading producer of solar modules and storage systems, and VP Solar, which provides products and services to Italian and international resellers and installers.

    The challenges facing solar in the current hypercompetitive Italian environment require a new way of understanding the importance of collaboration. Within the industry, it is more vital than ever to  rethink how PV products and services can deliver the greatest value-added creation for all players involved, including producers, suppliers, and of course, installers.

    “This synergy between manufacturer and distributor aims to make all of the companies that collaborate with Hanwha Q CELLS and VP Solar an integral part of a strong and determined group that aims to become a pivotal member of Italy’s photovoltaic market,” said Alberto Nadai, Area Sales Manager of Hanwha Q CELLS.

    "We think that the photovoltaic market in Italy requires quality projects, designed to satisfy long-term customer expectations,” added Stefano Loro, founder and CEO of VP Solar. “With this strong synergy between Hanwha Q CELLS and VP Solar, I think we can offer the best solutions to Italian installers under really competitive conditions. The expectation for large photovoltaic systems, from 100 kW up to 1 MW and beyond, is very interesting right now.”

    For commercial PV systems, installers can offer solutions with high-efficiency polycrystalline and monocrystalline Q CELLS modules. In particular, a promotion was formulated for the Q.PEAK DUO-G5 mono modules, which offer particularly high performance on small surfaces.

    Using an innovative six-bus bar system, the Q.ANTUM DUO technology combines half-cut cells with state-of-the-art round wire connection technology in order to achieve extraordinary efficiency in real conditions. This technology works both in the presence of reduced irradiation and on warm sunny days with clear skies.

    Hanwha Q CELLS’ focus on quality is also a core characteristic of VP Solar, which maintains these standards across the entire value chain, including inverters with or without optimizers, through to durable and competitive wiring and assembly systems.

    VP Solar also provides dedicated financing solutions for its customers, and also offers a technical and commercial evaluation service for revamping works on Energy Contour plants, where it is necessary to identify which improvements to apply in order to receive the expected benefits.

    About Hanwha Q CELLS

    Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL) is one of the world's largest and most recognized solar photovoltaic producers 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 various international production facilities in Malaysia, South Korea and China. Hanwha Q CELLS offers a whole range of products, applications and photovoltaic solutions, from modules to kits to systems up to large solar power plants. Through its expanding global business network in Europe, North America, Asia, South America, Africa and the Middle East, the company provides excellent services and long-term partnerships to its customers in utility, commercial, government and residential markets. Hanwha Q CELLS is a leading company of Hanwha Group, a FORTUNE Global 500 company and one of the top 8 companies in South Korea. For more information, visit: www.hanwha-qcells.com.

    VP Solar is a B2B distributor of energy solutions, such as photovoltaic systems, storage and charging of electric cars, which operates since 1999 in international and Italian markets. It was founded by Mr. Stefano Loro who still runs the company. VP Solar offers quality products and services to resellers and installers who appreciate professionalism and price competitiveness.

    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.

    Contact

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Ian Clover
    Tel +49 (0)3494 6699 1012
    Email presse@q-cells.com

  • Hanwha Q CELLS solar modules power Øresund Bridge and Tunnel connecting Denmark and Sweden

    Jul 5, 2018 12:00:00 AM

    • Danish Project developers SolarFuture and Solarpark DK cooperate with Øresundsbro Konsortiet to power the most important transport link between Denmark and Sweden using clean energy
    • 864 Q.PEAK BLK-G4.1 solar modules from Hanwha Q CELLS help to minimize the carbon footprint of the Øresund bridge and tunnel
    • High efficiency and best-in-class warranty terms of Q CELLS solar modules are highly appreciated
    [Thalheim, Germany, July 05, 2018]

    Hanwha Q CELLS GmbH, the German subsidiary of one of the world’s largest solar cell and module manufacturers, has contributed to powering the Øresund Bridge and tunnel that connects Denmark and Sweden by delivering 864 of its powerful Q.PEAK BLK-G4.1 solar modules to the consortium that realized a solar power plant for the Øresundbro Konsortiet. Project developer SolarFuture, in cooperation with Solarpark DK, won the contract to build the tailor-made, high quality solar system to power the famous Øresund Bridge. The completed system was handed over to Øresundbro Konsortiet at the end of June 2018.

    Main objective: Repaying the bridge´s loans within 30 years after its opening

    The most important task for Øresundbro Konsortiet regarding this vital transport link between Denmark and Sweden is to maintain a long-term and commercially sound business, based on satisfactory revenue from road traffic and supported by cost-conscious marketing, operations, maintenance and financing.

    Bengt Hergart, Property Director at Øresundbro Konsortiet, explains: “The main objective is to repay the bridge’s loans within 30 years after its opening, with most of the revenue deriving from road traffic. But of course we also consider other ways to generate further revenue. So reducing our energy bills by means of the use of clean solar energy was the next logical step for us.”

    Project developers SolarFuture and Solarpark DK erected a 255 KW solar system comprising 864 Q.PEAK BLK-G4.1 solar modules from Q CELLS. The generated electricity will be equivalent to providing 45 households with clean energy, mitigating the effect of approximately 157,271 kg of CO2 per annum.  The solar power plant will thus significantly contribute to powering the electrical systems of the Øresundbro Bridge.

    “For us, the main reason to choose Q CELLS solar modules lies in their superior performance, high reliability, aesthetic design, and excellent warranty terms,” says Mads Christensen, CEO at SolarFuture. “The climate conditions in the area of the bridge also played an important role. Modules from Q CELLS are designed to withstand even the harshest weather conditions.”

    Marco Schweitzer, Sales Manager at Hanwha Q CELLS, says: “We are really happy to contribute to the success of this major transportation link between Denmark and Sweden, and to have the opportunity to help minimize its carbon footprint significantly.” He added: “Maximizing system yields with a Q.PEAK BLK-G4.1-based solar system enables low-cost, sustainable, and environmentally friendly electricity consumption for the consortium of the Øresund Bridge.”

    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 PV kits and 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: http://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.

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Ian Clover
    Tel: +49 (0)3494 6699 1012
    Email: presse@q-cells.com

     

  • Hanwha Q CELLS improves value chain to reach low and competitive carbon footprint for French solar tenders

    Jul 3, 2018 12:00:00 AM

    • Carbon footprint of 250 kg-eq/C0²/kWc reached for the high-efficiency Q.PEAK DUO module series
    • Low carbon footprint solar components increasingly important in France’s growing solar tenders
    [Berlin, Germany, July 3, 2018]

    Hanwha Q CELLS GmbH, the German subsidiary of the world’s  No.1 solar cell manufacturer (2017) Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL), today announced that is has reached a new carbon footprint (CFP) of 250 kg-eq/C0²/kWc with its high-efficiency Q.PEAK DUO module series.

    Q.PEAK DUO modules combine half-cut cell technology, six bus-bars and the Company’s proprietary Q.ANTUM (PERC) monocrystalline cell technology, with efficiencies of close to 20% and power output up to 330 Wp from 120 half-cut cells and up to 395 Wp from 144 half-cut cells.

    This CFP result gives Hanwha Q CELLS a strong position in France

    In achieving this low carbon footprint result for its Q.PEAK DUO modules, Hanwha Q CELLS strengthens its market position in France, said Hanwha Q CELLS’ Head of EU Sales, Maengyoon Kim. “Producing low carbon solar modules is vital for Hanwha Q CELLS, not only in terms of our own carbon footprint and environmental goals, but also in markets such as France, which should be applauded for its approach to low carbon public tenders,” Kim added.

    Stephan Maurel and Laurent Bodin, Head of Sales, France, remarked: “Hanwha Q CELLS has always been keenly aware of the importance of selling eco-friendly products. We are pleased that our portfolio is ideally aligned to meet the clean energy needs of an important market such as France.”

    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.

    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.

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Ian Clover
    Tel +49 (0)3494 6699 1012
    Email presse@q-cells.com

  • Hanwha Q CELLS Korea to install solar panels at gas stations across South Korea

    Jun 28, 2018 12:00:00 AM

    • Hanwha Q CELLS Korea signs MOU with KOSA, Dongwon EnC, Dasstech, and JB Bank to develop solar-powered gas stations
    • Innovative project to utilize the unused roof space of gas stations in order to power households with renewable energy
    [Seoul, Korea, June 28, 2018]

    Hanwha Q CELLS Korea Corporation (“Hanwha Q CELLS Korea” or the “Company”) recently inked a multi-party memorandum of understanding (MOU) in a landmark project to install solar panels across gas stations in South Korea. The project will see Hanwha Q CELLS Korea provide solar modules to members of the Korea Oil Station Association (“KOSA”), with Dasstech Co., Ltd. (“Dasstech”) supplying power inverters in order to achieve efficient energy conversion. Dongwon EnC Corp. (“Dongwon EnC”) will manage the installation process, while Jeonbuk Bank Ltd (“JB Bank”) will provide project financing.

    Hyun-Soo Cho, President and CEO of Hanwha Q CELLS Korea, attended the ceremony to sign the MOU, along with Young-Hwa Lee, President of KOSA, Jun-Ho Kang, CEO of Dongwon EnC, Jung-Yang Kum, Vice President of Dasstech, and Gyeong-Sik Shim, Branch Manager of JB Bank, to demonstrate their dedication to developing solar-powered gas stations.

    Solar driving renewed change in Korea

    One of the main benefits of this project is that it helps to conserve land area usually required for solar panels by utilizing the unused space of a gas station’s rooftop. The roofs of Korean gas stations are typically higher than those of adjacent structures, making them ideal for harnessing solar energy, and are also highly accessible in terms of maintenance purposes. Another positive aspect and long-term potential of this project is that the solar energy can also be used in a distributed generation system.

    By installing solar panels, gas station owners will receive Renewable Energy Certification and up to 50% more benefits than if they were to use only conventional power sources. If all 13,000 gas stations in Korea were to be fitted with solar panels, they would be capable of generating 300MW of power, which would be enough to meet the electricity demand of about 90,000 local households every year. The installation cost for 300MW PV systems could reach up to approximately 300 billion Korean won.

    Numerous companies globally have embarked on similar projects to develop solar-powered gas stations. In 2016, French energy company Total S.A. invested $300 million with the goal of installing a total of 200MW of solar panels across 5,000 service stations worldwide over the next five years. The ENOC (Emirates National Oil Company) Group announced in 2017 that it will install solar panels at all of its new gas stations, beginning with stations in Dubai.

    “This exciting project is part of Hanwha Q CELLS Korea’s ongoing effort to increase the development of solar power generation and expand market demand,” said Hyun-Soo Cho, President and CEO of Hanwha Q CELLS Korea. “Solar-powered gas stations are an interesting hybrid concept that combines solar energy with fossil fuels, illustrating how both energy sources can work side-by-side in a real business environment.”

    Hanwha Q CELLS Korea

    Founded in April 2011, Hanwha Q CELLS Korea is an affiliate of Hanwha Group. Hanwha Q CELLS Korea operates production sites for state-of-the-art solar cells and modules in South Korea. Furthermore, Hanwha Q CELLS Korea is active in the solar downstream segment in the growing Korean solar market as well as countries in Asia and Europe. The company delivers integrated solar power plant solutions encompassing development, construction, and operation.

    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 Korea' 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. Except as required by law, Hanwha Q CELLS Korea does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Ian Clover
    Tel +49 (0)3494 6699 1012
    Email presse@q-cells.com

  • Hanwha Q CELLS’ Q.PEAK DUO-G5 half-cell module wins Intersolar Award 2018

    Jun 21, 2018 12:00:00 AM

    • The Q.PEAK DUO-G5 convinces the Intersolar Award Jury regarding the all-round performance quality of its 120 monocrystalline Q.ANTUM half-cells
    • Q.ANTUM DUO Technology with half-cut cells, as well as a six bus bar design and novel interconnection technology based on round wires delivers a module power increase of around 5.5%, setting the standard in power, energy yield and LCOE
    • Hanwha Q CELLS CTO Dr. Daniel JW Jeong stated: “The power increase and improved shading response of the Q.PEAK DUO-G5 ensures the module stands out in an increasingly competitive field. The Q.PEAK DUO-G5 solar module series is now available for customers in Europe and various international markets.”
    Munich, Germany, June 21, 2018

    Hanwha Q CELLS Co., Ltd. (“Hanwha Q CELLS” or the “Company”) (Nasdaq: HQCL), has secured another achievement in the Intersolar Award 2018 Photovoltaics category with its Q.PEAK DUO-G5 solar module. Having triumphed in 2017 with Hanwha Q CELLS’ innovative Q.PEAK RSF L-G4.2 steel frame module, the Company saw the 120 half-cell, six bus bar monocrystalline module selected by the independent Intersolar Award Jury as one of the most innovative out of ten entries shortlisted from 51 total applications.

    After Hanwha Q CELLS received the award, the company´s Global CTO, Dr. Daniel JW Jeong, said, “We are once again extremely pleased with the decision of the Intersolar Award Jury. Our Q.PEAK DUO-G5 module combines a number of innovations on different levels with our high performance cell technology Q.ANTUM DUO. The durability, power increase and improved shading response performance of the module ensure that the module stands out in an increasingly competitive field. The Q.PEAK DUO-G5 solar module series is now available for customers in Europe and various international markets.”

    Q.PEAK DUO-G5: PUSHING THE BOUNDARIES OF HALF-CELL TECHNOLOGY

    Q.PEAK DUO-G5 is a monocrystalline 120 half-cell solar module. Based on Q.ANTUM DUO Technology, it combines the following innovations to reach the lowest LCOE:

    * Six bus bar design

     - 2 x 6-inch half cells with six bus bars in parallel produce up to 3.5% power gain versus a typical full cell, four bus bar module
    - Six bus bars in combination with half-cell technology help to lower resistive losses

    * Round wire interconnection

     - Use of round wires instead of flat ribbons for cell interconnection reduces the effective shading on the solar cells significantly
    - Benefits result in a power gain of an additional 2.0%

    * Improved performance and durability of half cells

     - Cell interconnection with independent upper and lower module halves connected in parallel ensures an improved shading response, resulting in higher yields when the module is partially shaded
     - Half-cut cells are subjected to vastly reduced mechanical stress, resulting in fewer cracks
     - Halving the cell also halves the current, which lowers resistive losses in each cell and results in a 3.0% power gain against typical full cells’ interconnection

    * Q CELLS’ proprietary Q.ANTUM cell technology

     - Rear side passivated monocrystalline solar cells for power classes up to 330 Wp
     - High power density leads to low BoS costs
     - Q CELLS Yield Security: Anti LeTID, Anti-LID, Anti-PID, Hot-Spot Protect, Tra.Q

    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 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 10 business enterprise in South Korea. For more information, visit: http://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.

    Contact

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Ian Clover
    TEL +49 (0)3494 6699 1012
    EMAIL presse@q-cells.com

  • Hanwha Q CELLS finishes construction of 9.8 MW solar power plant in Brandenburg, Germany

    Jun 20, 2018 12:00:00 AM

    • More than 34,000 Q CELLS solar modules will produce almost 10,000 MWh of clean energy per year and thus save over 5 tons of annual carbon emissions
    • Green Energy 3000 GmbH developed the solar farm, which was constructed by Hanwha Q CELLS
    • Solar power plants are economically attractive in many European countries. Hanwha Q CELLS offers state of the art solar modules and is an experienced EPC partner
    [Berlin, Germany, June 20, 2018]

    Hanwha Q CELLS Co., Ltd., the world’s No.1 solar cell producer (2017), today announced that it has completed construction of a 9.8 MW solar power plant in Brandenburg, Germany. The Maulbeerwalde solar farm has been developed by the German renewable energy developer Green Energy 3000. Hanwha Q CELLS was responsible for EPC (engineering, procurement, construction) and construction funding. Hanwha Q CELLS installed more than 34,000 Q.PLUS-G4.1 solar modules of its renowned product brand Q CELLS and finished the entire construction process on the 142,000 m2 site in under 10 weeks. The solar power plant is expected to feed around 10,000 MWh of clean electricity per year into the grid. That will be enough to satisfy the electricity demand of 5,300 households and save more than 5,000 tons of carbon emissions per year.

    Hanwha Q CELLS – experienced EPC partner in Europe

    The solar power plant in the German federal state of Brandenburg is the latest of many projects that Hanwha Q CELLS has successfully constructed as an EPC firm. The company looks at a track record of more than 1,200 MW of solar systems installed since its foundation in 2012. That includes installations in Germany, Portugal, the UK, Poland and Turkey, which are all delivering reliable returns on investment.

    After subsidy cuts for utility-scale solar burdened the business segment over the past couple of years, the market has recently been gaining momentum again. “Today, utility-scale solar is attractive in many European countries, simply because solar electricity is absolutely price competitive,” explains Mauro Di Fiore, Head of the EPC Unit at Hanwha Q CELLS GmbH. “The Maulbeerwalde power plant is an excellent example that solar power plants make economic sense in Germany and in many other European countries as well.” Hanwha Q CELLS is currently working on EPC projects in Poland, Turkey, the Netherlands, Spain and Portugal. “The potential is huge,” added Mauro Di Fiore before emphasizing that “For investors and developers, what counts is that they work with an experienced EPC partner who reliably delivers quality components and meets deadlines. Hanwha Q CELLS delivers just that.”

    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.

    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.

    Contact

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Ian Clover
    Tel +49 (0)3494 6699 1012
    Email presse@q-cells.com

  • Hanwha Q CELLS to showcase one-stop-shop solar solutions at Intersolar Europe 2018

    Jun 15, 2018 12:00:00 AM

  • Meeting the PV needs of Europe: Hanwha Q CELLS to showcase one-stop-shop solar solutions at Intersolar Europe

    • Product range includes the Q.PEAK DUO-G5 half-cell module, a module shortlisted for the Intersolar Award 2018
    • Innovative system solutions, including the Q.FLAT-G5 and Q.MOUNT, will demonstrate Hanwha Q CELLS’ commitment to supporting the entire solar value chain
    • Hanwha Q CELLS’ Q-HOME+ ESS-G1 storage solution is ideal all-in-one battery for Europe’s growing residential self-consumption market
    • Teaser of forthcoming Q.HOME CLOUD software platform will also be unveiled on the giant screen at Hanwha Q CELLS’ booth A1.180
    [Berlin, Germany, June 15, 2018]

    Hanwha Q CELLS Co., Ltd (NASDAQ: HQCL), one of the world’s largest solar cell and module manufacturers will present a broad portfolio of solar PV solutions at the Intersolar Europe exhibition in Munich, Germany, that perfectly meets the needs of the resurgent European PV market.

    With Europe’s installed solar capacity expected to grow by approximately 35% year-on-year in 2018 (according to GTM Research), Hanwha Q CELLS is primed to deliver a variety of solar module, mounting, storage and software solutions to the residential and commercial and industrial (C&I) segments of leading and emerging European markets.

    Solutions designed with rooftop solar in mind

    Products showcased at the two Hanwha Q CELLS booths (A1.180 and A1.270) at Intersolar Europe – which will be held in Munich, Germany from June 20 to 22 – will include the Q.PEAK DUO-G5 and Q.PEAK DUO BLK-G5 high-performance solar modules. These monocrystalline solar modules have 120 half-cut cells and use Q.ANTUM DUO technology, including six bus bars and round wires to deliver superior energy yield and, in the case of the Q.PEAK DUO BLK-G5 modules, unrivalled aesthetics, making them ideal for residential rooftop installations.

    The Q.PEAK DUO-G5 module has also been shortlisted for an Intersolar Award 2018, having already turned heads at the recent SNEC exhibition in Shanghai.

    Hanwha Q CELLS is rightly proud of its leading solar cell technology, and together with its affiliate Hanwha Q CELLS Korea Corporation, recently reached 8 GW global production capacity of cells and modules. However, Hanwha Q CELLS is also committed to bringing its expertise and exacting standards to other areas of the solar production chain. This is why visitors to the booths at Intersolar Europe will be able to view the Q.FLAT-G5, a system solution designed for flat rooftops, common among the C&I space of Europe, as well as the Q.MOUNT, which is a universal system for sloping rooftops that facilitates quick and easy module installation.

    Bringing the solar smarts

    The Intersolar Europe exhibition is no longer a showcase simply for solar energy. It is increasingly the leading fair for all types of smart energy systems, from battery storage to digital platforms designed to give consumers better control of their energy.

    As Europe’s homeowners and businesses turn in greater number to solar energy, self-consumption of this PV energy is poised to increase. With that in mind, the latest iteration in Hanwha Q CELLS’ storage range will be on display – the Q.HOME+ ESS-G1. This Q CELLS all-in-one storage solution is available in three sizes, making it well-suited for types of residential home. Also on display at Intersolar Europe will be the Q.HOME+ ESS HYB-G2, which will be a modular and scalable storage solution that will enable system owners to expand their storage capacity to meet their specific needs. The system will scalable through five different sizes, which will enable even greater control and flexibility in managing private consumption of solar energy.

    Also showcased at Intersolar Europe will be the Q.PARTNER Program, which is a unique partnership initiative that enables solar professionals to work closely with Hanwha Q CELLS to further their exposure and success across Europe’s solar landscape. Furthermore, the Hanwha Q CELLS booth will present a teaser of the forthcoming Q.HOME CLOUD platform, which is a smart software solution designed to allow homeowners 100% autonomy over their solar electricity. All of these products, as well as a handful of exciting and innovative PV projects, will be presented throughout the three-day show at the huge display screen and in presentations at Hanwha Q CELLS booth A1.180.

    Hanwha Q CELLS EU Sales Head Maengyoon Kim said, “The resurgence of solar growth in Europe is an encouraging sign, particularly in markets that have either previously witnessed a boom-bust climate, such as Germany, France and Spain, or those that have been slow to adopt solar, like the Netherlands and Belgium. Today, we see a great appetite for PV in these markets, and particularly in the residential and C&I space of Germany and the Benelux region.

    “This is why Hanwha Q CELLS will showcase such a broad portfolio of market-leading and market-ready products at Intersolar Europe that specifically meet the needs of the European solar sector. We are proud that the Q.PEAK DUO-G5 has been recognized by the organisers of the show as a leading technology and are very pleased that the module has been shortlisted for an Intersolar Award. Complementing our module technology, we believe that our home storage, rooftop mounting and forthcoming home cloud software solutions provide the perfect package for PV customers, both new and old, across Europe.”

    Hanwha Q CELLS product and booth highlights at Intersolar Europe 2018
    Solar modules

    - Q.PEAK DUO-G5: Q.ANTUM DUO technology-based monocrystalline half-cell module. Power ratings of up to 330 Wp and efficiency of up to 19.9% for lowest LCOE. Shortlisted for Intersolar Award 2018.
    - Q.PEAK DUO BLK-G5: Boasts an outstanding all-black visual appearance and power ratings of up to 320 Wp. Based on Q.ANTUM DUO technology and half-cut monocrystalline cells.
    - Q.PEAK-G4.1: Monocrystalline 60-cell Q.ANTUM solar module with power ratings of up to 305 Wp, offering maximum yield under real conditions.
    - Q.PEAK BLK-G4.1: All-black monocrystalline 60-cell Q.ANTUM solar module with power ratings of up to 295 Wp, offering top energy yields and pleasing aesthetics.
    - Q.PEAK RSF L-G4.2: Monocrystalline 72-cell Q.ANTUM solar module with innovative reinforced steel frame and decentralized junction box. Power ratings of up to 375 Wp.

    Solar solutions

    - Q.FLAT-G5: Hanwha Q CELLS’ flat roof PV system, including Q.ANTUM solar modules and a dedicated mounting system for easy installation.
    - Q.HOME+ ESS-G1: All-in-one residential lithium-ion battery available in sizes 3.6 kWh, 5.5 kWh and 8.0 kWh, making it suitable for all types of homes in Europe.
    - Q.HOME+ ESS HYB-G2: Modular and scalable storage solution developed for residential systems which will soon be available in five sizes. Comprises hybrid inverter, battery and management system.

    Booth highlights (A1.180 and A1.270)

    - At the giant display screen and in presentations at booth A1.180 all of these products will be showcased, the forthcoming Q.HOME CLOUD software solution, and a range of interesting projects carried out by Hanwha Q CELLS.
    - A short video detailing the benefits and features of the Q.PARTNER Program - specifically how it can boost solar professionals’ penetration, standing, and service reputation in the European solar industry.

    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.

    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.

    Contact

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Ian Clover
    Tel +49 (0)3494 6699 1012
    Email presse@q-cells.com

  • Hanwha Q CELLS and Solare Datensysteme collaborate on Q.HOME+ energy storage solutions

    Jun 13, 2018 12:00:00 AM

    • Now, the Q CELLS brand energy storage systems can be operated via the Solar-Log™ energy management system from Solare Datensysteme.
    • Solar-Log™ provides energy storage customers with solar monitoring, feed-in management and smart energy solutions.
    • Solar-Log™-compatible storage solution Q.HOME+ ESS-G1 is available in Europe in 3 sizes
    [Thalheim, 14 June 2018]

    Solare Datensysteme GmbH and Hanwha Q CELLS GmbH, the German subsidiary of the world's largest manufacturer of solar cells, Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL), collaborate on the Q CELLS brand energy storage solution Q.HOME+ ESS-G1. Now, users can control and monitor their Q.HOME+ ESS-G1 energy storage unit using the energy management system Solar-Log™ from Solare Datensysteme GmbH. PV monitoring, intelligent feed-in management and smart energy solutions allow customers to optimise their power consumption through effective energy management.

    Solutions for every home – and every business

    The Q.HOME+ ESS-G1 energy storage series is available in three versions with capacities of 3.6 kWh, 6 kWh or 8 kWh. Customers can choose the best version for their household or business, depending on individual average energy consumption. All three versions feature a high-quality lithium-ion battery, combined with an integrated inverter and battery charger. The units offer a 10-year product warranty and a performance warranty of at least 80% after 10 years.

    Even though general mobile monitoring has always been possible for these systems, the integration with the Solar-Log™ solution now makes possible more extensive monitoring and analysis functions. 

    The Solar-Log WEB Enerest™ online portal displays all the relevant information on the PV system as well as the Q.HOME+ ESS-G1 energy storage series. This includes measurements, such as the current charge state, and the charging and discharging capacity. As a useful analysis option, the charge history can be displayed for one day or seven days. With Solar-Log™, users can also determine how much stored energy they have consumed and how much spending they saved on electricity as a result.

    Specially designed for the needs of small PV units in the residential segment, the Gateway Solar-Log 50 and Solar-Log 300 models can also be combined with the Solar-Log WEB Enerest™. These and other Solar-Log™ models are compatible with the Q.HOME+ ESS-G1 energy storage series and offer feed-in management (x % control), either included in the package or via an additional license. With “x % control”, the inverter production is limited to x % of the module output. When the battery is already 100 % charged and there is no other equipment active, this control feature caps power surges in accordance with the Renewable Energy Law.

     

    Quote from Hanwha Q CELLS:

    “We are pleased to now be able to offer our energy storage customers even more options and maximum freedom of control over their storage devices,” announced Maengyoon Kim, Head of European Sales at Hanwha Q CELLS. “Solare Datensysteme GmbH has long been known for their top-of-the-line energy management system. We are extremely excited about this new development because our customers stand to gain a lot from this collaboration.”

    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.

    Contact

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Ian Clover
    Tel +49 (0)3494 6699 1012
    Email presse@q-cells.com

    Solare Datensysteme GmbH (SDS)

    Solare Datensysteme GmbH (SDS), based in the German city of Geislingen -Binsdorf, is one of the leading companies in the areas of solar monitoring, smart energy and feed-in management with global service for operators and installers. Since August 2015, SDS is a subsidiary of BKW AG (Bern, Switzerland) – an international company for energy and infrastructure with more than 6000 employees. SDS specializes in developing and distributing monitoring systems for photovoltaic plants, with core competences that include innovative products with short development cycles and the best price-performance ratio.

    SDS is the manufacturer of the Energy Management System Solar-Log™, which consists of the Solar-Log™ device family and the Solar-Log WEB Enerest™ Portal. The system is currently installed in more than 110 countries – monitoring 279,073 plants with a total output of 12.35 GWp. Solar-Log’s easy installation function means a new plant can be added to the portal in just a few quick steps. Solar-Log™ is compatible with over 2,300 inverter models and with more than 130 different component manufacturers. SDS solutions make an important contribution to the successful integration of renewable energy into an intelligent power grid and help to make the successful transition to clean energy a reality. More information about SDS can be found at www.solar-log.com

    Press Contact Solare Datensysteme GmbH
    Vivian Bullinger
    PR & Marketing
    Tel +49 (7428) 9418 223
    Email press@solar-log.com

    Marco Weinmann
    PR & Marketing
    Tel +49 (7428) 9418 221
    Email press@solar-log.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.

  • Hanwha Q CELLS Korea to build photovoltaic manufacturing facility in Georgia, USA

    May 30, 2018 12:00:00 AM

    • Construction of solar module production facility in Georgia will commence in 2018 and is scheduled to be completed in 2019
    • Q CELLS aims to maintain leading market position in the U.S. by delivering high quality solar modules through local U.S. production
    Seoul, South Korea, May 30, 2018

    Hanwha Q CELLS Korea Corporation (“Hanwha Q CELLS Korea”) today announced that it will build a solar module manufacturing facility in the United States of America. Construction for the factory in Whitfield County, Georgia will commence in 2018 and is scheduled to be completed in 2019. While the exact nameplate capacity of the new facility remains undisclosed, the company confirms that it will exceed 1.6 GW per year. The high quality modules manufactured by Hanwha Q CELLS Korea in the U.S. will be provided to Hanwha Q CELLS Co. Ltd. (“Hanwha Q CELLS”), which will have access to 100% of the facility’s production volume.

    Maintaining a leading market position in the US

    With the completion of the production facility in Georgia, Hanwha Q CELLS Korea, together with Hanwha Q CELLS, another affiliate of Hanwha Group, will have manufacturing facilities in South Korea, Malaysia, China, and the U.S., at its disposal. The new manufacturing fab is testament to Hanwha Q CELLS Korea’s commitment to the U.S. market, in spite of the recently imposed trade barriers. According to Solar Power Europe, the U.S. was the second largest solar market in 2017. Furthermore, the U.S market is also one of the most important markets for Hanwha Q CELLS Korea. Upon commencement of manufacturing activities in the U.S. fab, Hanwha Q CELLS Korea will supply high quality PERC modules to the roof-top and ground-mounted segments in the U.S. As the U.S. market has traditionally been a market that valued performance and quality, the new plant is expected to enable Hanwha Q CELLS Korea to widen its customer base in the U.S.

    About Hanwha Q CELLS Korea Corporation

    Founded in April 2011, Hanwha Q CELLS Korea is an affiliate of Hanwha Group. Hanwha Q CELLS Korea operates production sites for state-of-the-art solar cells and modules in South Korea. Furthermore, Hanwha Q CELLS Korea is active in the solar downstream segment in the growing Korean solar market as well as countries in Asia and Europe. The company delivers integrated solar power plant solutions encompassing development, construction, and operation.

    About Hanwha Q CELLS Co., Ltd.

    Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) is a global leading photovoltaic manufacturer of high-performance, high-quality solar cells and modules. Headquartered in Seoul, South Korea, it has its Technology and Innovation HQ in Thalheim, Germany and manufacturing facilities in Malaysia and China. Hanwha Q CELLS offers solar modules, photovoltaic system solutions and large-scale solar power plants. Through its growing global business network spanning North America, Asia, Europe, South America, and the Middle East, the company provides state-of-the-art services 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 10 business enterprise in South Korea. For more information, visit: http://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 Korea’s 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. Except as required by law, Hanwha Q CELLS Korea does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact

    Hanwha Q CELLS
    Corporate Communications
    Albert Park
    TEL. +82(0)2 729 2102

    Jochen Endle, Ian Clover
    TEL. +49 (0)3494 6699 10121
    EMAIL presse@q-cells.com

  • Hanwha Q CELLS to Launch Q.ANTUM Solar Module Series Q.PEAK-G5 at SNEC 2018

    May 25, 2018 12:00:00 AM

    • The Q.PEAK-G5 high-performance solar module combines Q CELLS´ proprietary Q.ANTUM cell technology with six bus-bars to achieve higher yields
    • Hanwha Q CELLS will also present its high-end Q.ANTUM DUO solar modules and the innovative steel frame solar module Q.PEAK RSF L-G4.2
    • The new generation Q.ANTUM DUO technology combines Q.ANTUM half-cell technology, wiring technology and six bus-bars, providing higher yields, system performance as well as lower LCOE
    [Shanghai, China, May 25, 2018]

    Hanwha Q CELLS, one of the world’s largest producers of 100% in-house solar cells and modules, announced that it will participate at SNEC 2018 PV POWER EXPO, the largest solar trade show in China from May 28 to May 30, 2018, at Booth N1-320. The advanced technologies, solar cells and modules, as well as PV solutions from around the world will be showcased there.

    During the exhibition, Hanwha Q CELLS will introduce the ‘Q.PEAK-G5’ series to the Chinese market. These monocrystalline solar modules combine Q CELLS’ proprietary Q.ANTUM cell technology with six bus-bars.

    Thanks to Q.ANTUM technology’s long-term yield security, featuring Anti-PID technology, Hot-Spot Protect, Traceable Quality Tra.Q™ and Anti Lid Technology (LID and LeTID), the Q. PEAK-G5 series will not only come with high power classes, but also function excellently in low-light or high-temperature conditions. The six bus-bar technology provides better efficiency and reliability by narrowing the distance between the bus-bars.

    The powerful combination of these two advanced technologies results in the Q.PEAK-G5 series, which deliver outstanding performance under real conditions. Thus, the 60-cell Q.PEAK-G5 will reach power outputs of up to 310Wp, and the 72-cells Q.PEAK L-G5 produces up to 370Wp.

    It is worth mentioning that by the first quarter of 2018, Hanwha Q CELLS reached a total of 8 GW of its proprietary Q.ANTUM solar cells from commercial mass production, which demonstrates its industry leadership in PERC technology. Furthermore, Hanwha Q CELLS is the only enterprise that owns mass production technology of six bus-bar technology. It is the optimal combination of these unique technologies that creates the superior solar module Q.PEAK series.

    In September 2017, Hanwha Q CELLS launched its Q.Partners Program in China. The Company‘s international brand reputation, high-quality products and wide range of services has been attracting many installers and wholesalers. At the SNEC exhibition, the Company will give a detailed introduction of the Q.Partners program and provide a convenient collaboration platform for the customers.

    Both the Q.PEAK G5 New Product Launch and Q.Partners Program Introduction will be held on the afternoon of May 28. The Company will also hold events over the course of three days, in which participants can engage in various games to win prizes.

    [Main Products on Exhibition]

    Solar Modules

    - Q.PEAK-G5 : Q.ANTUM technology-based monocrystalline solar module
    - Q.POWER-G5 : Multicrystalline solar module with excellent price-performance-ratio

    Prototypes

    - Q.PEAK DUO-G5 : Q.ANTUM DUO technology-based monocrystalline half-cell module
    - Q.PEAK DUO BLK-G5 : Q.ANTUM technology-based black-frame monocrystalline half-cell module
    - Q.PEAK RSF L-G4.2 : Innovative steel frame solar module, specially designed for large ground-mounted PV stations

    [Main Presentations]

    Booth Presentations

    - Q.PEAK G5 New Product Launch: Introduction of the ‘Q.PEAK-G5’ new product, which is based on Q.ANTUM technology.
    - Q.Partners Program Introduction: Introduction of the Q.Partners Program in China 
    Company Introduction

    Lectures at SNEC Forum (in the Kerry Hotel Pudong)

    - Q.ANTUM-not only PERC
    - An effective method for evaluating photovoltaic module snail trail defects SNEC Website:

    http://www.snec.org.cn/Default.aspx?lang=en

    About Hanwha Q CELLS

    Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) is a global leading photovoltaic manufacturer of high-performance, high-quality solar cells and modules. Headquartered in Seoul, South Korea, it has Technology and Innovation HQ in Thalheim, Germany and manufacturing facilities in Malaysia and China. Hanwha Q CELLS offers solar modules, photovoltaic systems solution and large-scale solar power plants. Through its growing global business network spanning North America, Asia, Europe, South America, 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 10 business enterprise in South Korea. For more information, visit: http://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.

  • Hanwha Q CELLS powers one of the largest self-consumption solar projects in northern France

    May 17, 2018 12:00:00 AM

    • French project developer Émeraude Solaire, from Saint Malo in Brittany, completed the Partagélec rooftop PV installation in Pénestin, Brittany, on March 31
    • 140 Q.PEAK-G4.1 solar modules from Hanwha Q CELLS comprise the 40.6 kW rooftop system, which will provide solar electricity for the self-consumption of companies in the CLOSO Business Park, as well as nearby households
    • The installation was approved by bi-regional sustainable energy scheme SMILE, which aims to boost community self-sufficiency in the French regions of Brittany and Pays de Loire
    [Berlin, Germany, May 17, 2018]

    Hanwha Q CELLS, the world’s No.1 solar cell producer (2017), has supplied 140 of its Q.PEAK-G4.1 high performance solar modules to one of the largest self-consumption rooftop PV projects in France.

    Installed by Émeraude Solaire and managed by Partagélec, the PV rooftop array has a capacity of 40.6 kWp and is located in the municipality of Pénestin in France’s northwestern region of Brittany. The system has been installed on the roof of a municipal technical services provider, with an area of 234 m² at the heart of the CLOSO Business Park. The solar electricity produced will be self-consumed by 12 companies operating within the park, as well as an additional 50 households situated in a 500 metre radius.

    One of four national pilot sites for collective self-consumption in France

    After approval for the system had been obtained from bi-regional sustainable energy scheme SMILE (Smart Ideas to Link Energies) in 2016, a feasibility study for the Partagélec project was launched in November 2016 by partners Enamo and Atlansun.

    With its goal being to kick-start France’s solar self-consumption sector, the project is one of four national pilot sites identified by French electricity network operator Enedis. The other three have been installed in Bordeaux, Forcalquier and Perpignan.

    This 40.6 kWp system in Brittany will produce enough clean energy to save approximately 46,057 kg of CO² per annum. Local energy union Morbihan Énergies – which partially funded the €78,000 project – will manage each customer’s self-consumption bill. Any surplus solar energy will be sold to EnerCoop-Bretagne, a local energy cooperative.

    Collective self-consumption is a new model for commercial and residential customers in France. The term applies to consumers that share solar electricity produced at a single point of generation but is shared between several buildings in local consumption.

    In 2017, France’s government introduced a new set of regulatory framework for the grid connection of self-consumption solar installations. Lower grid fees are applicable to all consumers that self-consume solar energy generated from PV power systems no larger than 100 kW. According to the French Ministry of the Environment, Energy and the Sea, in 2017 there were approximately 2,488 MW of PV systems smaller than 100 kW connected to the grid.

    Stephan Maurel, Head of Sales France at Hanwha Q CELLS, said: “We are happy to supply our 290 W high performance Q.PEAK-G4.1 solar modules for such an important project, which we believe can help accelerate France’s energy transition goal.” He added: “Collective self-consumption of solar energy makes a lot of sense for many homeowners and small businesses, and Hanwha Q CELLS is pleased to support the growth of this sector with photovoltaic modules that combine high performance and excellent reliability at minimum LCOE.”

    Jacky Lorant, CEO Émeraude Solaire, remarked: “In partnering with such a trusted brand in Hanwha Q CELLS, we are confident that the businesses and homeowners participating in the self-consumption program will be able to enjoy the immediate benefits of clean electricity, energy independence and lower bills.”

    The professional partnership between Émeraude Solaire and Hanwha Q CELLS has grown with strength and mutual trust for five years, resulting in a series of successfully completed projects in France.

    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.

    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.

    Contact:

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Ian Clover
    Tel +49 (0)3494 6699 1012
    Email presse@q-cells.com

  • Hanwha Q CELLS Reports First Quarter 2018 Results

    May 14, 2018 12:00:00 AM

  • SEOUL, South Korea, May 14, 2018 /PRNewswire/ -- Hanwha Q CELLS Co., Ltd. ("Hanwha Q CELLS" or the "Company") (NASDAQ: HQCL), a global leading photovoltaic manufacturer of high-performance, high-quality solar modules, today reported its unaudited financial results for the first quarter ended March 31, 2018. The Company will host a conference call to discuss the results at 8:00 am Eastern Time (9:00 pm Korea Standard Time) on May 14, 2018.

    First Quarter 2018 Highlights

    - Net revenues were $443.0 million, compared with $636.2 million in the fourth quarter of 2017 and $432.0 million in the first quarter of 2017.
    - Gross margin was 17.8%, compared with 8.6% in the fourth quarter of 2017 and 13.8% in the first quarter of 2017.
    - Operating income was $33.1 million, compared with operating loss of $33.4 million in the fourth quarter of 2017 and operating income of $28.3 million in the first quarter of 2017.
    - Net income attributable to Company's ordinary shareholders was $31.0 million, compared with net loss of $53.7 million in the fourth quarter of 2017 and net income of $17.6 million in the first quarter of 2017.
    - Income per fully diluted American Depositary Share ("ADS" and each ADS represents 50 of the Company's ordinary shares) was $0.37, compared with loss per fully diluted ADS of $0.65 in the fourth quarter of 2017 and income per fully diluted ADS of $0.21 in the first quarter of 2017.

    Mr. Seong Woo Nam, CEO of Hanwha Q CELLS, announced that the Company has "returned to profitability" in the first quarter of 2018 due to a "timely shift in the geographical mix of shipments, favorable raw material price movements" and by realizing the effects of "shutting down unprofitable operations."

    Mr. Joo Yoon, Senior Vice President of Global Sales and Marketing, noted that the Company's "first quarter shipments were in-line with the Company's guidance set forth in the Q4 earnings call." Mr. Yoon stated that Europe has effectively replaced the U.S. as the Company's number one market following the trade barriers placed in the U.S., and that sales in Europe are expected to pick up once the half-cell mono PERC modules gain wider acceptance. Despite the slow global sales activities in the first quarter of 2018, Mr. Yoon remained positive about the full-year outlook, stating that market demand is expected to exceed 100 GW.

    Mr. Jay Seo, the Company's CFO, noted that the Company was able to fundamentally improve its profitability following its strategic decision to discontinue wafer production. Mr. Seo stated that the Company's margins improved as a result of the Company's ability to maintain solid ASPs in a period in which major input prices, including but not limited to, wafers declined. Mr. Seo also added that the Company's margin improvements were partially attributable to the elimination of one-time losses associated with the discontinuation of wafer manufacturing operations.

    First Quarter 2018 Results of Operations

    Net Revenues

    - Total net revenues were $443.0 million, down 30.4% from $636.2 million in the fourth quarter of 2017 and up 2.5% from $432.0 million in the first quarter of 2017.

    Gross Profit and Margin

    - Gross profit in the first quarter of 2018 was $78.9 million, up 44.5% from $54.6 million in the fourth quarter of 2017 and up 31.9% from $59.8 million in the first quarter of 2017.
    - Gross margin in the first quarter of 2018 was 17.8%, compared with 8.6% in the fourth quarter of 2017 and 13.8% in the first quarter of 2017.

    Results of Operations and Operating Margin

    - Income from operations in the first quarter of 2018 was $33.1 million, compared with a loss of $33.4 million in the fourth quarter of 2017 and income of $28.3 million in the first quarter of 2017.
    - Operating margin in the first quarter of 2018 was 7.5%, compared with -5.2% in the fourth quarter of 2017 and 6.6% in the first quarter of 2017.
    - Total operating expenses were $45.8 million in the first quarter of 2018, down 48.0% from $88.0 million in the fourth quarter of 2017 and up 45.4% from $31.5 million in the first quarter of 2017. Our operating expenses in the fourth quarter of 2017 included a one-time bad debt expense of $35.2 million and our operating expenses in the first quarter of 2017 included a one-time gain of $17.4 million on the sales of certain intellectual properties.
    - Selling and marketing expenses were $28.6 million in the first quarter of 2018, down 12.0% from $32.5 million in the fourth quarter of 2017 and up 30.6% from $21.9 million in the first quarter of 2017.
    - General and administrative expenses were $12.7 million in the first quarter of 2018, down 74.6% from $50.0 million in the fourth quarter of 2017 and down 30.2% from $18.2 million in the first quarter of 2017.
    - Research and development expenses were $4.5 million in the first quarter of 2018, down 30.8% from $6.5 million in the fourth quarter of 2017 and down 48.9% from $8.8 million in the first quarter of 2017.

    Net Interest Expense

    - Net interest expense was $12.2 million in the first quarter of 2018, compared with $11.3 million in the fourth quarter of 2017 and $9.5 million in the first quarter of 2017.

    Foreign Currency Exchange Gain (Loss)

    - Foreign currency exchange gain was $11.5 million in the first quarter of 2018, compared with a gain of $1.1 million in the fourth quarter of 2017 and a gain of $2.5 million in the first quarter of 2017.

    Gain (loss) on Change in Fair Value of Derivative Contracts

    - The Company recorded no gains or losses in the first quarter of 2018 from the change in fair value of derivatives in hedging activities, compared with a gain of $0.7 million in the fourth quarter of 2017 and a loss of $0.4 million in the first quarter of 2017.           

    Income Tax Expense (Benefit)

    - Income tax expense was $3.3 million in the first quarter of 2018, compared with an income tax expense of $7.1 million in the fourth quarter of 2017 and an income tax expense of $5.4 million in the first quarter of 2017.

    Net Income (Loss) and Earnings (Loss) per ADS

    - Net income attributable to Company's ordinary shareholders was $31.0 million in the first quarter of 2018, compared with net loss of $53.7 million in the fourth quarter of 2017 and net income of $17.6 million in the first quarter of 2017.
    - Income per fully diluted ADS on a GAAP basis was $0.37 in the first quarter of 2018, compared with loss per fully diluted ADS of $0.65 in the fourth quarter of 2017 and income per fully diluted ADS of $0.21 in the first quarter of 2017.

    2018 First Quarter Financial Position

    As of March 31, 2018, the Company had cash and cash equivalents of $156.5 million, compared with $183.4 million as of December 31, 2017. The restricted cash as of March 31, 2018 was $164.2 million, compared with $139.7 million as of December 31, 2017.

    As of March 31, 2018, accounts receivable was $500.4 million, compared with $525.4 million, as of December 31, 2017. Inventories were $522.2 million as of March 31, 2018, compared with $293.6 million as of December 31, 2017.

    As of March 31, 2018, accounts payable was $623.3 million, compared with $454.8 million, as of December 31, 2017.

    Total short-term bank borrowings (including the current portion of long-term bank borrowings) of $861.3 million represented an increase of $181.8 million from December 31, 2017, due to net cash inflows from additional borrowings of $82.2 million and reclassification of long-term borrowings of $99.6 million with maturities in the first quarter of 2019 as short-term borrowings.

    As of March 31, 2018, the Company had total long-term debt (net of current portion and long-term notes) of $462.3 million, a decrease of $73.9 million from December 31, 2017. The Company's long-term debt is comprised of bank and government borrowings, to be repaid in installments until their maturities, ranging from one to thirteen years.

    Capital expenditures were $65.1 million in the first quarter of 2018.

    Operations Updates

    Production Capacity

    As of March 31, 2018, the Company's in-house, annualized production capacities were 1,600 MW for ingots, 4,300 MW for cells and 4,300 MW for modules.

    Furthermore, the Company had additional module availability of up to 3,700 MW (annualized) as of March 31, 2018 from Hanwha Q CELLS Korea Corporation, an affiliate of the Company.

    Business Outlook

    Second Quarter and Full Year 2018 Guidance

    For the second quarter of 2018, the Company estimates net revenues in the range of $490 to $510 million.

    For the full year 2018, the Company provides the following guidance:

    - Total module shipments in the range of 5,600 to 5,800 MW, revised from its initial guidance of 6,000 to 6,200 MW.
    - Capital expenditures of approximately $145.0 million for manufacturing technology upgrades and certain R&D related expenditures.

    Conference Call

    The Company will host a conference call to discuss the results at 8:00 am Eastern Time (9:00 pm Korea Standard Time) on May 14, 2018. The management will discuss the results and take questions following the prepared remarks.

    A live webcast of the conference call will be available on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM or by clicking the following hyperlink:  HTTPS://EDGE.MEDIA-SERVER.COM/M6/P/K928UVQY.

    The dial-in details for the live conference call are as follows:

    International Toll Free Dial-In Number : +65 6713-5090
    United States : +1 (845) 675-0437
    South Korea : +82 2-6490-3660
    Germany : 08001820671
    United Kingdom : +44 2036214779
    China, Domestic : 4006208038 / 8008190121
    Hong Kong : +852 30186771
    Passcode: HQCL

    A replay of the call will be available after the conclusion of the conference call on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM and also by dialing the numbers below:

    International Toll Free Dial-In Number : +61 2 8199 0299
    United States : +1 (855) 452-5696
    South Korea : 00798-6136-1602
    Germany : 08001802149
    United Kingdom : 08082340072
    China, Domestic : 8008700206 / 4006322162
    Hong Kong : 800963117
    Conference ID: 9982736

    Replay time period: May 14, 2018 11:00 ET - May 22, 201809:59 ET

    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.

    Safe Harbor Statement

    This report contains forward-looking statements that are not statements of historical fact. 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. Such statements, particularly statements about our guidance for performance in the second quarter and the full year 2018, involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such risks and uncertainties include pending administrative and civil actions in the United States under existing or potential new statutes and regulations governing trade between the United States and other countries, and potential antidumping, countervailing or other duties imposed on goods imported into the United States, as well as the Company's access to new capacity from an affiliate. Further information regarding these and other risks is included in Hanwha Q CELLS' filings with the 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 any forward-looking statements, whether as a result of new information, future events or otherwise.

    Cision View original content:HTTP://WWW.PRNEWSWIRE.COM/NEWS-RELEASES/HANWHA-Q-CELLS-REPORTS-FIRST-QUARTER-2018-RESULTS-300647534.HTML

    SOURCE Hanwha Q CELLS Co., Ltd.
    Sam Chun, Investor Relations Team, +82-2-729-2179

  • Hanwha Q CELLS to Announce First Quarter 2018 Financial Results on May 14

    May 3, 2018 12:00:00 AM

  • SEOUL, South Korea, May 3, 2018 /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, today announced that it will release its first quarter 2018 financial results before the market opens on Monday, May 14, 2018. The Company will host a conference call to discuss the results and updated business outlook at 8:00 AM Eastern Time (9:00 PM Korea Time).

    Conference Call

    A live webcast of the conference call will be available on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM or by clicking the following hyperlink: HTTPS://EDGE.MEDIA-SERVER.COM/M6/P/K928UVQY.

    The dial-in details for the live conference call are as follows:

    International Toll Free Dial-In Number : +65 6713-5090
    United States : +1 (845) 675-0437
    South Korea : +82 2-6490-3660
    Germany : 08001820671
    United Kingdom : +44 2036214779
    China, Domestic : 4006208038 / 8008190121
    Hong Kong : +852 30186771

    Passcode: HQCL

    A replay of the call will be available after the conclusion of the conference call on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM and also by dialing the numbers below:

    International Toll Free Dial-In Number : +61 2 8199 0299
    United States : +1 (855) 452-5696
    South Korea : 00798-6136-1602
    Germany : 08001802149
    United Kingdom : 08082340072
    China, Domestic : 8008700206 / 4006322162
    Hong Kong : 800963117

    Conference ID: 9982736

    Replay time period: May 14, 2018 11:00 ET - May 22, 201809:59 ET

    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.

    Cision View original content:HTTP://WWW.PRNEWSWIRE.COM/NEWS-RELEASES/HANWHA-Q-CELLS-TO-ANNOUNCE-FIRST-QUARTER-2018-FINANCIAL-RESULTS-ON-MAY-14-300641968.HTML

    SOURCE Hanwha Q CELLS Co., Ltd.

    Sam Chun, Asst. Manager, Investor Relations, +82 2-729-2179, seoyun.chun@hanwha-qcells.com

  • Hanwha Q CELLS Tackles UK Rooftop Market with Q.PEAK DUO Half-Cell Solar Module and Q.HOME+ Energy Storage System

    May 2, 2018 12:00:00 AM

    • Certified Q.HOME+ ESS-G1 all-in-one energy storage solution now available in the UK via Segen Ltd. and via Q.PARTNER in Ireland
    • Q.PEAK DUO-G5 half-cell solar module series up to 330 Wp minimizes LCOE on roofs of homes and companies in the UK and Ireland
    • With both products, Hanwha Q CELLS aims to obtain market leadership in the UK rooftop segment in 2018
    [Thalheim, Germany, May 2, 2018]

    Hanwha Q CELLS, the world´s No.1 solar cell producer (2017), tackles the solar rooftop market in the UK and Ireland with two new highlight products: The innovative module series Q.PEAK DUO-G5 featuring half-cut cells, round wires and six bus-bars reaches power classes of up to 330 Wp and has been introduced to UK and Ireland earlier this year. Now, Hanwha Q CELLS adds the missing piece to this high performance solar module series: The Q.HOME+ ESS-G1 all-in-one storage solution for residential customers. The storage system combines a proven lithium-ion battery holding a storage capacity of 3.6 kWh with an integrated inverter and a battery charger. The all-in-one storage solution can be operated and monitored via mobile application and comes with a ten year product warranty as well as a performance guarantee of at least 80% after ten years. The certified Q.HOME+ ESS-G1 can be purchased with or without a Q CELLS solar system; in the UK via the UK´s largest photovoltaic distributor, Segen Ltd., and via Hanwha Q CELLS´ Q.PARTNER network in Ireland.

    A perfect match: Q.HOME+ ESS-G1 and Q.PEAK DUO-G5 half-cell solar modules

    The Q.PEAK DUO-G5 series combines a whole range of technological innovation to reach maximum electricity yields and low LCOE (levelized cost of electricity). Monocrystalline half cells with six bus-bars, the company´s proprietary Q.ANTUM DUO cell technology for higher efficiency and minimized degradation as well as round wires enable the module to reach power classes of up to 330 Wp (Q.PEAK DUO-G5) or 320 Wp (all black Q.PEAK DUO BLK-G5) from 120 half-cells. Due to its high yields, the module is perfectly suited for residential rooftops in Britain in order to maximize energy yields from the often limited roof space. At the same time, the module series also minimizes LCOE on commercial and industrial company roofs. Customers who chose to combine a Q.PEAK DUO-G5 solar system with the energy storage solution Q.HOME+ ESS-G1 thus have the ideal combination to sustainably reduce their electricity cost.

    Maengyoon Kim, EU Sales Head at Hanwha Q CELLS said: “Home owners and companies in Great Britain and Ireland now have the chance to largely disconnect from recent rises in electricity prices.” He added: “Maximizing system yields with a Q.PEAK DUO-G5 based solar system and storing the electricity with a Q.HOME+ ESS-G1 system enables a cheap, clean and flexible electricity consumption.”

    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 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 10 business enterprise in South Korea. For more information, visit: http://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.

    Contact:

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Oliver Beckel
    Tel +49 (0)3494 6699 1012
    Email: presse@q-cells.com

  • HANWHA Q CELLS FILES ITS 2017 ANNUAL REPORT ON FROM 20-F

    Apr 27, 2018 12:00:00 AM

  • SEOUL, South Korea, April 27, 2018 /PRNewswire/ -- Hanwha Q CELLS Co., Ltd. ("Hanwha Q CELLS"), one of the world's largest photovoltaic ("PV") manufacturers of high-performance, high-quality solar cells and modules, today announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2017 with the U.S. Securities and Exchange Commission("SEC") on April 27, 2018. The annual report on Form 20-F is available on the Company's website at HTTP://WWW.HANWHA-QCELLS.COM and also on the SEC's website at WWW.SEC.GOV.

    The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed for the attention of the Investor Relations Department to, Hanwha Q CELLS, Co. Ltd., Hanwha Building, 86 Cheonggyecheon-ro, Jung-gu, Seoul, Korea.

    About Hanwha Q CELLS

    Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL) is a global leading PV manufacturer of high-performance, high-quality solar cells and modules. With global headquarters in Seoul, South Korea, Hanwha Q CELLSmaintains an Technology and Innovation center in Thalheim, Germany and manufacturing facilities in Malaysia and China. Hanwha Q CELLS offers solar modules, PV systems solution and large-scale solar power plants. Through its growing global business network spanning North America, Asia, Europe, South America, 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 10 business enterprise in South Korea. For more information, visit: HTTP://WWW.HANWHA-QCELLS.COM.

    Safe-Harbor Statement

    This release and the annual report on Form 20-F to which it refers contain 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. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in Hanwha Q CELLS' filings with the 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 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.

     

    News Provided by Acquire Media

  • ENERGIEKONTOR AND HANWHA Q CELLS CONNECT 10 MW SOLAR POWER PLANT TO THE GRID IN BRANDENBURG

    Apr 18, 2018 12:00:00 AM

    • 35,073 Q CELLS modules produce sustainable energy for approx. 3,600 households in the Brandenburg region (Germany)
    • Solar power plant connected to grid after only 4 months construction time on 29th March
    [­Bremen / Bitterfeld-Wolfen, 18th April 2018]

    Energiekontor AG and Hanwha Q CELLS GmbH, the German subsidiary of the world's largest manufacturer of solar cells, Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL), have put a solar power plant with a capacity of 10 MW into operation in Brandenburg. The ground-mounted system is comprised of 35,073 Q CELLS solar modules and will produce enough sustainable electricity to power around 3,000 homes. The system will produce approximately 10 million kilowatt-hours of clean electricity per year, saving almost 5,500 tons of CO2.

    Bremen-based Energiekontor AG completed the project in 4 months. Internationally leading photovoltaic supplier Hanwha Q CELLS, whose Technology & Quality headquarters is located in Bitterfeld-Wolfen, supplied Q.PLUS BFR-G4.1 285 Wp high-quality solar modules for the project.

    Piotr Jankowski, Project Coordinator for Energiekontor AG said: "The solar park is a great example that photovoltaic systems pay off in Germany. The crucial factors for the highest possible profitability are professional planning, smooth construction and especially the performance and quality of the solar modules used. The good price-performance ratio of Q CELLS modules make the decisive difference." Q CELLS modules have prevailed against competition due to the high yield they provide, even under conditions of low light and high temperatures. As a result, thanks to Q.ANTUM technology, they reduce the electricity generation ­costs while increasing the economic profitability of the plant.

    Marco Schweitzer, Senior Specialist Account Manager for Hanwha Q CELLS, commented: "We thank Energiekontor for relying on Q CELLS modules in this large-scale project. We share our high quality standards as well as our sustainable track record of project success, and thus, we are looking forward to continue and expand our cooperation in the future."

    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-q-cells.com

    About Energiekontor AG

    For the last 25 years, Energiekontor has stood for a sound approach to business and a wealth of experience in wind power. Formed in Bremerhaven in 1990, the Company was one of the pioneers in the industry and is now one of the leading German project developers. Its core business covers the planning, construction and operational management of wind farms in Germany and abroad, and was expanded to include solar power in 2010. Energiekontor also currently owns and operates 35 wind farms and one solar park with total rated power of around 270 megawatts. Now, Energiekontor AG intends to extend its pioneering role to commercial aspects and to realise wind farms and solar parks at pure market prices without state subsidies in all target markets as quickly as possible.

    In addition to its headquarters in Bremen, Energiekontor also maintains offices in Bremerhaven, Hagen im Bremischen, Aachen, Bernau (near Berlin) and Dortmund. The Company also has branch offices in England (Leeds), Scotland (Glasgow), Portugal (Lisbon) and the Netherlands (Nijmegen). The formation of additional branch offices in the US and France is currently underway. Our track record speaks for itself: 118 wind farms in operation, with total rated power of around 940 megawatts and three solar parks with a total capacity of about 30 megawatts. This corresponds to an investment volume of about EUR 1.5 billion.

    Energiekontor went public on 25 May 2000. The shares of Energiekontor AG (WKN 531350/ISIN DE0005313506) are listed in the General Standard segment of the Frankfurt Stock Exchange and can be traded on all German stock exchanges.

    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.

    Contact:

    Energiekontor AG
    Piotr Jankowski
    TEL +49 (0) 421. 3304 -341
    E-MAIL piotr.jankowski@energiekontor.de
    www.energiekontor.de

    Hanwha Q CELLS
    Company Communications
    Jochen Endle, Oliver Beckel
    TEL +49 (0)3494 6699 10121
    E-MAIL presse@q-cells.com

  • HANWHA Q CELLS REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS

    Apr 11, 2018 12:00:00 AM

  • SEOUL, South Korea, April 11, 2018 /PRNewswire/ -- Hanwha Q CELLS Co., Ltd. ("Hanwha Q CELLS" or the "Company") (NASDAQ: HQCL), a global leading photovoltaic manufacturer of high-performance, high-quality solar modules, today reported its unaudited financial results for the fourth quarter and full year ended December 31, 2017. The Company will host a conference call to discuss the results at 8:00 am Eastern Time (9:00 pm Korea Standard Time) on April 11, 2018.

    Fourth Quarter 2017 Highlights

    - Net revenues were $624.7 million, compared with $543.0 million in the third quarter of 2017 and $565.2 million in the fourth quarter of 2016.
    - Gross margin was 8.5%, compared with 11.6% in the third quarter of 2017 and 7.0% in the fourth quarter of 2016.
    - Operating loss was $29.7 million, compared with operating income of $10.6 million in the third quarter of 2017 and operating loss of $21.5 million in the fourth quarter of 2016.
    - Net loss attributable to Company's ordinary shareholders was $50.5 million, compared with net income of $5.0 million in the third quarter of 2017 and net loss of $18.5 million in the fourth quarter of 2016.
    - Loss per fully diluted American Depositary Share ("ADS" and each ADS represents 50 of the Company's ordinary shares) was $0.61, compared with earnings per fully diluted ADS of $0.06 in the third quarter of 2017 and loss per fully diluted ADS of $0.22 in the fourth quarter of 2016.

    Full Year 2017 Highlights

    - Total revenue-recognized module shipments were 5,438MW for the full year 2017, an increase of 18.7% from 4,583MW for the full year 2016.
    - Total net revenues were $2,177.4 million for the full year 2017, a decrease of 10.2% from $2,425.9 million for the full year 2016.
    - Gross margin rate was 11.2% for the full year 2017, compared with 18.1% for the full year 2016.
    - Operating income was $29.3 million in the full year 2017, compared with $192.1 million in the full year 2016.
    - Net loss attributable to Company's ordinary shareholders was $9.2 million for the full year 2017, compared with net income of $127.5 million for the full year 2016.
    - Loss per fully diluted ADS was $0.11 for the full year 2017, compared with earnings per fully diluted ADS of $1.75 for the full year 2016.

    Mr. Seong Woo Nam, CEO of Hanwha Q CELLS, explained that in 2017, the Company was able to re-establish the course of its strategic direction, focusing more on solidifying its leadership in new markets. He noted that the modules manufactured in the Company's Turkish fab under the JV will be supplied to the Company's 1.3 GW DC solar power plant with a target commercial operation date of 2021 and expressed confidence in the Turkish project's potential to enable the Company to "establish a commanding leadership in the Middle Eastern market through increased brand awareness, proven track record, and locally manufactured products shielded from potential trade disputes."

    Mr. Moon Seong Choi, Senior Vice President of Corporate Planning, noted that the Company's "fourth quarter and full year results were in-line with the Company's guidance set forth in Q3 and last year, respectively." Mr. Choi noted that despite the negative impact of Section 201 tariffs in the U.S. solar market, the Company "will continually look for ways to provide high quality solar modules to its customers in the U.S." He added that the Company will focus on expanding its footprint in the U.S. residential segment with its mono-PERC half-cell products as the Section 201 tariffs are expected to have a lesser impact on residential demand.

    Mr. Jay Seo, the Company's CFO, noted that the Company's bottom line was negatively affected by the recognition of a one-time loss associated with the discontinuation of its wafer manufacturing operations and bad debt expenses, without which the Company would have seen an improvement in its profitability due to elimination of losses resulting from unprofitable operations as well as a downward trend in wafer prices. Mr. Seo noted that the Company observed a steady downward trend in wafer prices, due to "reduced demand for mono-crystalline wafers after the deadline for Top Runner projects in China, combined with additional mono wafer capacities coming on-line in China."

    Fourth Quarter 2017 Results of Operations

    Net Revenues

    - Total net revenues were $624.7 million, up 15.0% from $543.0 million in the third quarter of 2017 and up 10.5% from $565.2 million in the fourth quarter of 2016.

    Gross Profit and Margin

    - Gross profit in the fourth quarter of 2017 was $53.4 million, down 15.5% from $63.2 million in the third quarter of 2017 and up 34.8% from $39.6 million in the fourth quarter of 2016. When excluding the effects of one-time losses due to the write-off of wafer production assets, gross profit would have been $92.6 million, up 46.5% QoQ and 133.8% compared to the fourth quarter of 2016.
    - Gross margin in the fourth quarter of 2017 was 8.5%, compared with 11.6% in the third quarter of 2017 and 7.0% in the fourth quarter of 2016. When excluding the effects of one-time losses due to the write-off of wafer production assets, gross margin would have been 14.8%, up 3.2% points QoQ and 7.8% points compared to the fourth quarter of 2016.

    Results of Operations and Operating Margin

    - Loss from operations in the fourth quarter of 2017 was $29.7 million, compared with income of $10.6 million in the third quarter of 2017 and loss of $21.5 millionin the fourth quarter of 2016.
    - Operating margin in the fourth quarter of 2017 was -4.8%, compared with 2.0% in the third quarter of 2017 and -3.8% in the fourth quarter of 2016.
    - Total operating expenses were $83.1 million in the fourth quarter of 2017, up 58.0% from $52.6 million in the third quarter of 2017 and up 36.0% from $61.1 million in the fourth quarter of 2016, primarily due to a one-time bad debt expense of $29.8 million.
    - Selling and marketing expenses were $31.1 million in the fourth quarter of 2017, up 1.6% from $30.6 million in the third quarter of 2017 and up 11.9% from $27.8 million in the fourth quarter of 2016.
    - General and administrative expenses were $46.5 million in the fourth quarter of 2017, up 167.2% from $17.4 million in the third quarter of 2017 and up 121.4% from $21.0 million in the fourth quarter of 2016, due to the aforementioned bad debt expense.
    - Research and development expenses were $6.5 million in the fourth quarter of 2017, up 41.3% from $4.6 million in the third quarter of 2017 and down 44.0% from $11.6 million in the fourth quarter of 2016.

    Net Interest Expense

    - Net interest expense was $12.3 million in the fourth quarter of 2017, compared with $10.0 million in the third quarter of 2017 and $11.9 million in the fourth quarter of 2016.

    Foreign Currency Exchange Gain (Loss)

    - Foreign currency exchange loss was $0.7 million in the fourth quarter of 2017, compared with a gain of $7.3 million in the third quarter of 2017 and a loss of $7.0 million in the fourth quarter of 2016.

    Gain (loss) on Change in Fair Value of Derivative Contracts

    - The Company recorded a gain of $0.7 million in the fourth quarter of 2017 from the change in fair value of derivatives in hedging activities, compared with a loss of $0.6 million in the third quarter of 2017 and a gain of $6.7 million in the fourth quarter of 2016.

    Income Tax Expense (Benefit)

    - Income tax expense was $4.9 million in the fourth quarter of 2017, compared with an income tax expense of $2.5 million in the third quarter of 2017 and an income tax benefit of $10.4 million in the fourth quarter of 2016.

    Net Income (Loss) and Earnings (Loss) per ADS

    - Net loss attributable to Company's ordinary shareholders was $50.5 million in the fourth quarter of 2017, compared with net income of $5.0 million in the third quarter of 2017 and net loss of $18.5 million in the fourth quarter of 2016.
    - Loss per fully diluted ADS on a GAAP basis was $0.61 in the fourth quarter of 2017, compared with income per fully diluted ADS of $0.06 in the third quarter of 2017 and loss per fully diluted ADS of $0.22 in the fourth quarter of 2016.

    Full Year 2017 Results of Operations

    Net Revenues

    - Total net revenues were $2,177.4 million, down 10.2% from $2,425.9 million for the full year 2016.

    Gross Profit and Margin

    - Gross profit was $243.6 million, compared with $440.3 million for the full year 2016.
    - Gross margin was 11.2%, compared with 18.1% for the full year 2016.

    Operating Expense, Income and Margin

    - Total operating expenses were $214.3 million, down 13.7% from $248.2 million for the full year 2016.
    - Selling and marketing expenses were $113.1 million, down 5.8% from $120.1 million for the full year 2016.
    - General and administrative expenses were $95.6 million, up 22.3% from $78.2 million for the full year 2016.
    - Research and development expenses were $24.0 million, down 51.2% from $49.2 million for the full year 2016.

    Net Interest Expense

    - Net interest expense was $41.0 million, compared with $46.4 million for the full year 2016.

    Foreign Currency Exchange Gain (Loss)

    - Foreign currency exchange gain was $16.2 million, compared with a net loss of $3.5 million for the full year 2016.

    Gain (loss) on change in Fair Value of Derivative Contracts

    - The Company recorded a net loss of $3.3 million from the change in fair value of derivatives in hedging activities, compared with a net loss of $24.4 million for the full year 2016.

    Income Tax Expense (Benefit)

    - Income tax expense was $9.8 million, compared with an income tax benefit of $4.3 million for the full year 2016.

    Net Income (Loss) and Earnings (Loss) per ADS

    - Net loss attributable to Company's ordinary shareholders was $9.2 million, compared with net income of $127.5 million for the full year 2016.
    - Loss per fully diluted ADS on a GAAP basis was $0.11, compared with earnings per fully diluted ADS of $1.75 for the full year 2016.

    2017 Year-End Financial Position

    As of December 31, 2017, the Company had cash and cash equivalents of $163.5 million, compared with $390.0 million as of December 31, 2016. The restricted cash as of December 31, 2017 was $160.3 million, compared with $116.8 million as of December 31, 2016.

    As of December 31, 2017, accounts receivable was $537.6 million, compared with $411.7 million, as of December 31, 2016. Inventories were $317.8 million as of December 31, 2017, compared with $338.5 million as of December 31, 2016.

    As of December 31, 2017, accounts payable was $455.5 million, compared with $439.9 million, as of December 31, 2016.

    Total short-term bank borrowings (including the current portion of long-term bank borrowings) of $859.3 million represented an increase of $331.4 million from December 31, 2016, due reclassification of long-term borrowings with maturities in 2018 as short-term borrowings.

    As of December 31, 2017, the Company had total long-term debt (net of current portion and long-term notes) of $356.6 million, a decrease of $287.1 million from December 31, 2016. The Company's long-term debt is comprised of bank and government borrowings, to be repaid in installments until their maturities, ranging from one to thirteen years.

    Capital expenditures were $66.1 million in the full year 2017.

    Operations Updates

    Production Capacity

    As of December 31, 2017, the Company's in-house, annualized production capacities were 1,600 MW for ingots, 4,300 MW for cells and 4,300 MW for modules.

    Furthermore, the Company has additional module availability of up to 3,700 MW (annualized) as of December 31, 2017 from Hanwha Q CELLS Korea Corporation, an affiliate of the Company.

    Business Outlook

    Fourth Quarter and Full Year 2017 Guidance

    For the first quarter of 2018, the Company estimates net revenues in the range of $430 to 450 million.

    For the full year 2018, the Company provides the following guidance:

    - Total module shipments in the range of 6,000 to 6,200 MW
    - Capital expenditures of approximately $90.0 million for manufacturing technology upgrades and certain R&D related expenditures. In addition, the Company estimates $37.0 million in relation to a planned capital increase in the Turkey joint venture.

    Conference Call

    The Company will host a conference call to discuss the results at 8:00 am Eastern Time (9:00 pm Korea Standard Time) on April, 11, 2018. The management will discuss the results and take questions following the prepared remarks.

    A live webcast of the conference call will be available on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM or by clicking the following hyperlink:  HTTPS://EDGE.MEDIA-SERVER.COM/M6/P/P6FKXXY9.

    The dial-in details for the live conference call are as follows:

    International Toll Free Dial-In Number : +65 6713-5090
    United States : +1 (845)675-0437
    South Korea : +82 2-6490-3660
    Germany : 08001820671
    United Kingdom : +44 2036214779
    China, Domestic : 4006208038 / 8008190121
    Hong Kong : +852 30186771

    Passcode: HQCL

    A replay of the call will be available after the conclusion of the conference call on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM and also by dialing the numbers below:

    International Toll Free Dial-In Number :  +61 2 8199 0299
    United States : +1 (855) 452-5696
    South Korea : 00798-6136-1602
    Germany : 08001802149
    United Kingdom : 08082340072
    China, Domestic : 8008700206 / 4006322162
    Hong Kong : 800963117

    Conference ID: 6998149

    Replay time period: April 11, 2018 11:00 ET - April 19, 201809:59 ET

    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.

    Safe Harbor Statement

    This report contains forward-looking statements that are not statements of historical fact. 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. Such statements, particularly statements about our guidance for performance in the first quarter and the full year 2018, involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such risks and uncertainties include pending administrative and civil actions in the United States under existing or potential new statutes and regulations governing trade between the United States and other countries, and potential antidumping, countervailing or other duties imposed on goods imported into the United States, as well as the Company's access to new capacity from an affiliate. Further information regarding these and other risks is included in Hanwha Q CELLS' filings with the 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 any forward-looking statements, whether as a result of new information, future events or otherwise.

    Cision View original content:HTTP://WWW.PRNEWSWIRE.COM/NEWS-RELEASES/HANWHA-Q-CELLS-REPORTS-FOURTH-QUARTER-AND-FULL-YEAR-2017-RESULTS-300627981.HTML

    SOURCE Hanwha Q CELLS Co., Ltd.
    News Provided by Acquire Media

  • Q CELLS’ SOLAR MODULES TO POWER THE LARGEST FLOATING SOLAR SYSTEM IN THE NETHERLANDS

    Apr 5, 2018 12:00:00 AM

    • 1.85 MW solar system on water reservoir will produce around 1.757,5 MWh of clean electricity per year
    • Floating PV projects are ideal for the Netherlands due to its landscape with rare land areas and abundant water surfaces
    • Q CELLS on a growth path in the booming Dutch solar market
    [Lingewaard, Netherlands, April 5, 2018]

    Hanwha Q CELLS, the world´s No.1 solar cell producer will equip the largest floating photovoltaic system in the Netherlands with high quality solar modules of its renowned Q CELLS product brand. Tenten Solar Zonnepanelen B.V. has developed the project for Drijvend Zonnepark Lingewaard B.V. under the SDE+ scheme of governmental subsidies in the Netherlands. The solar system will be constructed on a water reservoir in Lingewaard in central Netherlands between April and June 2018. Q CELLS will power the system, which will cover a water surface area of around 15.800 m2, with more than 6.100 Q.PEAK-G4.1 300 Wp monocrystalline solar modules. The sub construction will consist of swimming pontoons from the French supplier Ciel et Terre. The inverters and optimizers will be supplied from SolarEdge. Reaching a total nominal power of 1.85 MW, the solar system is expected to produce around 1.757,5 MWh of clean electricity per year and feed it into the public grid – enough to satisfy the energy demand of more than 380 4-person households in the Netherlands. Being the first large-scale commercial floating PV system in the country, the installation in Lingewaard might very well be a blue print for many more floating solar projects to come.

    Floating solar systems: a success model in the Netherlands

    The Netherlands has an abundance of inland sweet-water areas. On the other hand, land areas for ground mounted PV systems are rare and respectively expensive. Furthermore, the cooling and light reflecting water surface has a positive effect on the performance of the solar modules. Therefore, floating PV systems under the SDE+ incentive scheme in the Netherlands are a success model in the country.

    Frans van Herwijnen MSc, Director of Drijvend Zonnepark Lingewaard B.V. said: “We are 100% convinced that our floating PV system will only be the starting point for many more successful floating solar projects in the Netherlands. Since our inland waterways have a surface of about 7.650 square kilometers, floating systems can have an important contribution in terms of increasing the renewable energy supply in the Netherlands.”

    Mr. Bram Reukers, Commercial Manager at Tenten Solar Zonnepanelen B.V. said: “We´re very happy to be developing and building this largest floating PV project in the Netherlands so far. In order to create long-term success with PV projects on the water, the quality and durability of the modules is a key factor. Therefore, we´re more than happy to be partnering with Q CELLS, who are world famous for their high performance and top quality solar modules.”

    “Benelux is one of Q CELLS´ key regions in 2018. We aim to become the market leading module supplier in the Netherlands and in Belgium this year,” said Maengyoon Kim, EU Sales Head at Hanwha Q CELLS. He continued: “Therefore we´re more than happy to supply our high quality solar modules for the largest floating solar system in the Netherlands and we´d like to thank our partners for choosing Q CELLS.”

    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 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 10 business enterprise in South Korea. For more information, visit: http://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.

    Contact:

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Oliver Beckel
    Tel +49 (0)3494 6699 1012
    Email presse@q-cells.com

  • Solarex 2018: Hanwha Q CELLS to Present Half-Cell Solar Module Series Q.PEAK DUO-G5 and Utility Module Q.PLUS

    Apr 4, 2018 12:00:00 AM

    • At booth B03~C02, visitors of Solarex 2018 in Istanbul, Turkey, will be able to experience Hanwha Q CELLS´ latest technology achievements between April 5 and 7, 2018.
    • The Q.PEAK DUO-G5 half-cell module series with Q.ANTUM DUO technology achieves higher yields and system performance as well as lower installation costs and LCOE.
    • With the Q.PEAK and the Q.PLUS module series as well as the Q.HOME storage solution, Hanwha Q CELLS will display solar solutions for diverse requirements at Solarex 2018.
    [Seoul, South Korea / Istanbul, Turkey, April 4, 2018]

    Hanwha Q CELLS Co., Ltd. (hereinafter referred to as “Hanwha Q CELLS” or the “Company”) (Nasdaq:HQCL) will showcase its newest products and solutions based on the Company´s proprietary and matured Q.ANTUM technology at Solarex 2018 in Istanbul, Turkey, from April 5 to 7, 2018. Solarex is Turkey’s first and only trade show for the PV Industry. Last year, over 20,000 people from 43 different countries attended the exhibition.

    During Solarex 2018, Hanwha Q CELLS will introduce its latest technological achievement, which is now available on the Turkish solar market: The new flagship module ‘Q.PEAK DUO-G5’ combines half-cell technology, six bus-bars, round wires and the Company´s proprietary Q.ANTUM DUO technology. The combination of these technologies provides both, the advantages of higher system performance as well as lower LCOE. In addition to the ‘Q.PEAK DUO-G5’, Hanwha Q CELLS will also showcase the Q.PEAK and the Q.PLUS solar module series as well as the Q.HOME energy storage system for residential markets. With these products, Hanwha Q CELLS aims to take market leadership in the commercial & industrial (C&I) market segment in Turkey. Furthermore, the world´s largest producer of in-house solar cells plans to expand its business to cover the residential market in the long-term. Solarex 2018 will serve as an opportunity for Hanwha Q CELLS to promote its product portfolio within the Turkish solar market.

    In 2016, Hanwha Q CELLS ranked first in market share in Turkey. Furthermore, a 500 MW fully integrated photovoltaic manufacturing facility, which includes an R&D center, is now under construction in Ankara. The fully integrated manufacturing plant will start its mass production of PV products, including ingots, wafers, cells and modules, beginning of 2019. Once in operation, the modules produced in the factory will be used for the construction of the 1 GW solar power plant, which is to be built in Konya-Karapinar, Turkey.

    Seong Woo Nam, CEO of Hanwha Q CELLS said, “Hanwha Q CELLS is on a strong growth path in Turkey and in all major solar markets in Europe.” He added, “Turkish solar customers are looking for high performance and high quality from a stable and highly bankable partner. Hanwha Q CELLS will fulfill this demand with its diverse solar product portfolio and with an on-site manufacturing facility as well.”

    Website: http://eng.solarexistanbul.com

    About Hanwha Q CELLS

    Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) is a global leading photovoltaic manufacturer of high-performance, high-quality solar cells and modules. Headquartered in Seoul, South Korea, it has Technology and Innovation HQ in Thalheim, Germany and manufacturing facilities in Malaysia and China. Hanwha Q CELLS offers solar modules, photovoltaic systems solution and large-scale solar power plants. Through its growing global business network spanning North America, Asia, Europe, South America, 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 10 business enterprise in South Korea. For more information, visit: http://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.

    Contact:

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Oliver Beckel
    TEL +49 (0)3494 6699 1012
    EMAIL presse@q-cells.com

    Source: Hanwha Q CELLS Co., Ltd.

  • Hanwha Q CELLS to Announce Fourth Quarter and Full Year 2017 Financial Results on April 11

    Mar 30, 2018 12:00:00 AM

  • SEOUL, South Korea, March 30, 2018 /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, today announced that it will release its fourth quarter and full year 2017 financial results before the market opens on Wednesday, April 11, 2018. The Company will host a conference call to discuss the results and updated business outlook at 8:00 AM Eastern Time (9:00 PM Korea Time).

    Conference Call

    A live webcast of the conference call will be available on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM or by clicking the following hyperlink: HTTPS://EDGE.MEDIA-SERVER.COM/M6/P/P6FKXXY9

    The dial-in details for the live conference call are as follows:

    International Toll Free Dial-In Number : +65 6713-5090
    United States : +1 (845)675-0437
    South Korea : +82 2-6490-3660
    Germany : 08001820671
    United Kingdom : +44 2036214779
    China, Domestic : 4006208038 / 8008190121
    Hong Kong : +852 30186771  

    Passcode: HQCL

    A replay of the call will be available after the conclusion of the conference call on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM and also by dialing the numbers below:

    International Toll Free Dial-In Number : +61 2 8199 0299
    United States : +1 (855) 452-5696
    South Korea : 00798-6136-1602
    Germany : 08001802149
    United Kingdom : 08082340072
    China, Domestic : 8008700206 / 4006322162
    Hong Kong : 800963117  

    Conference ID: 6998149

    Replay time period: April 11, 201811:00 ET - April 19, 201809:59 ET

    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.

    Cision View original content:HTTP://WWW.PRNEWSWIRE.COM/NEWS-RELEASES/HANWHA-Q-CELLS-TO-ANNOUNCE-FOURTH-QUARTER-AND-FULL-YEAR-2017-FINANCIAL-RESULTS-ON-APRIL-11-300622118.HTML

    SOURCE Hanwha Q CELLS Co., Ltd.

     

    News Provided by Acquire Media

  • “Contracting for Solar Systems” Enables Access to Low-Cost Solar Power without Additional Capital Expenditure

    Mar 22, 2018 12:00:00 AM

    • Hanwha Q CELLS, ISM Energy and Stadtwerke Bitterfeld-Wolfen enable the customer’s participation in the energy transition without any capital expenditure
    • With “Contracting for Solar Systems,” small and medium-sized enterprises as well as building owners can reduce energy costs while maintaining the scope of investment
    • Thanks to “Contracting,” the Burchert Bakery in Bitterfeld-Wolfen will be able to reduce electricity costs via a 9.9 kWp solar system based on Q CELLS’ solar modules
    [Bitterfeld-Wolfen, 22nd March 2018]

    The Burchert Bakery in Bitterfeld-Wolfen will be able to reduce electricity costs using a 9.9 kW solar system on its roof. The special feature is: not a single cent has been invested by the company for the solar system. This is possible, thanks to the new business model "Contracting for Solar Systems" offered by public energy provider, Stadtwerke Bitterfeld-Wolfen, along with ISM Energy and Hanwha Q CELLS. Stadtwerke is acting as the customer's contract partner and energy supplier. ISM Energy is responsible for planning and installing the solar system, due for completion in April 2018. Hanwha Q CELLS is supplying high-performance solar modules from its renowned Q CELLS brand. In the future, the Burchert Bakery will obtain more than a quarter of its energy needs from the 31-module-strong solar system. Q CELLS will supply its top module, the Q.PEAK DUO-G5, which utilizes half-cell technology and touts output levels of 320 Wp. For surplus electricity that is fed into the grid, the bakery can receive the applicable feed-in remuneration. In return, it simply needs to transfer a monthly fixed lump sum to Stadtwerke Bitterfeld-Wolfen. No capital expenditure is required for the bakery. In this manner, small- and medium-sized businesses are now being given the opportunity to reduce their electricity costs effectively while sustainably procuring solar power without restricting their own investment scope.

    Local partners of renewable energies create broad access to energy transition

    With “Contracting for Solar Systems,” the partners Stadtwerke Bitterfeld-Wolfen, ISM Energy and Hanwha Q CELLS again demonstrate their combined innovative power and competence in the field of renewal energy solutions. The partners pursue the goal to make low-cost solar power accessible to broader sectors of the population. To this end, the three companies already implemented their first tenant electricity systems on residential buildings in the region in 2017. Here, tenants have been able to consume solar power from their own roof while saving costs. Further tenant electricity projects will be introduced this year. With the “Contracting” model, the next population group, small and medium-sized businesses as well as owners of residential buildings, will receive access to low-cost solar power without any layout of capital.

    Christian Dubiel, Managing Director of Stadtwerke Bitterfeld-Wolfen said: "Contracting for Solar Systems is very interesting for enterprises and building owners who would like to sustainably reduce their energy costs, but who do not necessarily have the funds for own capital investment. As Stadtwerke Bitterfeld-Wolfen, we are now offering our customers, beside the tenant electricity model, the next opportunity to participate in the energy transition with smart energy solutions."

    Tobias Schmidt, CEO of ISM Group, is excited about the new business model: "With the Contracting model, we as energy partner again demonstrate that we offer innovative, sustainable and profitable energy solutions to the people in Saxony-Anhalt and throughout Germany. The model is beneficial for all parties involved. I am sure that ISM Group together with its partners will enable access to low-cost and environmentally friendly solar power for many more enterprises."

    Mario Schulte, Account Manager of Hanwha Q CELLS, added: "Contracting for Solar Systems” works perfectly. It is a model of success not only in our region, but also throughout Germany and Europe. For the investor, an important aspect is to be able to use highly durable, powerful solar modules. With our Q.PEAK DUO-G5, which is based on half-cell technology, the Q CELLS brand offers the ideal solar module for this. “

    Profitable for everyone involved – this is how “Contracting for Solar Systems” works:
    Customer:

    - Does not contribute any investment
    - Receives as much electricity as possible from the solar system
    - Receives the latest applicable feed-in remuneration for surplus solar power
    - Pays simply a monthly lump sum to Stadtwerke Bitterfeld-Wolfen
    - Increases the value of its property and actively contributes to climate protection

    Stadtwerke Bitterfeld-Wolfen (Contract Partner)

    - Serves as the contract partner and the customer's power supplier
    - Bears 100% of the investment costs for the procurement and installation of the solar system as well as operation, service and maintenance
    - Handles all formalities, such as the application according to the German Renewable Energy Resources Act (EEG)
    - Pays for the insurance of the system against natural hazards

    ISM Energy (Installation Partner)

    - Designs the system, optimized to the customer's individual power consumption
    - Performs the complete procurement and installation of the system
    - Performs operation, service and maintenance of the photovoltaic system
    - Installs an energy storage device for the system on request

    Hanwha Q CELLS GmbH (Solar Module Partner)

    - Supplies high-performance solar modules "Engineered in Germany" for the system
    - The solar modules used have been developed at the Centre for Technology, Innovation and Quality in Bitterfeld-Wolfen.

    About Stadtwerke Bitterfeld-Wolfen GmbH

    Stadtwerke Bitterfeld-Wolfen range among the major economic factors in the region of Bitterfeld-Wolfen. They ensure the supply of electricity, natural gas, heat or drinking water for more than 20,000 customers. In addition, Stadtwerke Bitterfeld-Wolfen have extended their product portfolio in the past two years by various energy services to adjust to the market requirements. For example, thanks to their presence at two service centres in Bitterfeld-Wolfen, Stadtwerke demonstrate absolute customer proximity on a local basis. As a majority community-owned company, Stadtwerke Bitterfeld-Wolfen have a special responsibility for the municipality of Bitterfeld-Wolfen and its inhabitants. Stadtwerke offer qualified jobs, are a popular customer among local enterprises, strengthen the regional economic cycle with many other services and increase the quality of life for people in and around Bitterfeld-Wolfen. www.sw-bitterfeld-wolfen.de

    About the ISM Group

    The ISM Group, based in Bitterfeld-Wolfen, is one of the most successful and fast growing developers and installers of solar power plants in Germany. With over 500 MW of installed photovoltaic capacity in Germany and Europe and 30 MW of their own, the ISM Group has experience and expertise in all application areas - from private rooftop systems and flat roof solutions for commerce and industry, right up to large ground-mounted projects. Long-term reliability and care of the PV systems complete the profile of the ISM Group. For more information, visit: www.ism-group.de

    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.

    Contacts:

    Stadtwerke Bitterfeld-Wolfen GmbH
    Thomas Glauer
    TEL +49 (0)3494 38 100
    E-MAIL thomas.glauer@swb-w.de
    www.sw-bitterfeld-wolfen.de

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Oliver Beckel
    TEL +49 (0)3494 6699 10121
    E-MAIL presse@q-cells.com

    ISM GROUP
    Tobias Schmidt
    TEL +49 (0)3493 600 558
    E-MAIL: info@ism-energy.de
    www.ism-group.de

  • Hanwha Q CELLS to present half-cell module series Q.PEAK DUO-G5 at SolarSolutions in the Netherlands

    Mar 14, 2018 12:00:00 AM

    • High-performance, high-quality solar modules and solutions of the Q CELLS brand to be displayed at Expo Haarlemmermeer, Booth B12, from March 21 – 22, 2018
    • The Q.PEAK DUO-G5 module series, using half-cells and Q.ANTUM DUO technology, reaches up to 330 Wp and also offers an intriguing all-black version
    • Hanwha Q CELLS on a strong growth path in the Netherlands, together with its distribution partners ESTG and Home NRG
    Thalheim, Germany, Haarlem, Netherlands, March 15, 2018

    Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL), the world´s largest solar cell producer (2017), today announced that it will present the solar modules and solutions of its renowned Q CELLS brand at SolarSolutions in the Netherlands from March 21 – 22, 2018. At Booth B12 in the EXPO Harlemmermeer, the company will highlight its brand new Q.PEAK DUO-G5 solar module series with half-cut-cells. The Q.PEAK DUO-G5 combines a whole range of technological innovation to reach maximum electricity yields and lowest LCOE (levelized cost of electricity). Monocrystalline half-cut cells with six bus bars and round wires, combined with the company´s proprietary Q.ANTUM DUO cell technology to achieve higher efficiency and minimized degradation, enable the Q.PEAK DUO-G5 to reach power classes of up to 330 Wp from 120 half-cells. The Q.PEAK DUO BLK-G5 with its outstanding all black visual appearance and power classes of up to 320 Wp is the ideal choice for home owners in the Netherlands.

    Together with its partners, Hanwha Q CELLS aims for market leadership in the Netherlands

    Customers in the Netherlands can buy the high performing Q CELLS solar products from the company´s distribution partners ESTG and Home NRG. Both distributors offer the whole range of Q CELLS solar modules, starting from the polycrystalline Q.PLUS series, to the monocrystalline Q.PEAK series, up to the monocrystalline top module Q.PEAK DUO series utilizing half-cell technology. Together with ESTG and Home NRG, Hanwha Q CELLS sees an abundance of opportunity in the growing solar market and aims to become the Netherlands’ market leader in 2018. “Solar customers in the Netherlands care for top performance, enduring quality and intriguing aesthetics”, said Jin Han, Head of Sales Benelux at Hanwha Q CELLS. “Q CELLS has exactly the right products and the distribution partners to satisfy the needs of our customers here.”

    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.

    Contact

    Hanwha Q CELLS
    Corporate Communications
    Jochen Endle, Oliver Beckel
    TEL +49 (0)3494 6699 10121
    EMAIL presse@q-cells.com

  • European Installers Rank Hanwha Q CELLS as a ´TOP BRAND PV` in EuPD Research Survey

    Mar 14, 2018 12:00:00 AM

    • Hanwha Q CELLS receives the Top Brand PV Seal 2018 for the fifth time in a row in Europe and for the third consecutive year in Australia.
    • Installers confirm Hanwha Q CELLS´ exceptional product quality and service
    • EuPD emphasizes Hanwha Q CELLS´ “sustainability in brand awareness, customer satisfaction, recommendation rate and market share”
    Bitterfeld-Wolfen, Germany, March 14, 2018

    Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL), one of the world´s largest producers of solar modules with high quality in-house solar cells, received the “Top Brand PV Europe Seal 2018” award for the fifth time in a row since 2014. EuPD Research awards The Top Brand PV seals based on the Global PV Installer Monitor, a representative survey among installers in various countries in Europe and selected additional markets around the globe. Participating installers in Germany, Austria, France, Italy and the UK confirmed that the Q CELLS brand offers exceptional products and service quality. Thus, the company not only received the Top Brand PV Seal 2018 in each of these countries, but also for all of Europe. Moreover, the company has received the seal for the third consecutive year in Australia.

    “First choice partner” of Installers in Europe and Australia

    Europe’s leading research firm, EuPD Research, confirmed the results of this year's Global PV Installer Monitor surveywhich clearly show that “Hanwha Q CELLS continues to maintain an exceptional market position in the leading European PV markets and in Australia.” Furthermore, the independent research institute emphasized that participating installers rated Q CELLS’ products positively compared to the competition.  

    Mark A. W. Hoehner, CEO at EuPD Research said, “As we have launched the 'Top Brand PV' scoring process and the resulting seal eight years ago, we can affirm that there are only very few companies like Hanwha Q CELLS that have been continuously able to reach the ‚Top Brand PV‘ Europe status over the last five years. That's a very good sign for sustainability in brand awareness, customer satisfaction, recommendation rate and market share.”

    “We are very pleased that the installers across Europe and in Australia are continuously maintaining trust in the company Hanwha Q CELLS and the products of our Q CELLS brand”, says Seongwoo Nam, CEO of Hanwha Q CELLS. “This confirmation from our customers spurs us in our mission to become the leading solar provider all over Europe and the synonym for performance and quality in solar.”

    List of recent awards underlines Hanwha Q CELLS´ leadership position

    The “Top Brand PV 2018 Seals” add to the list of awards received by Hanwha Q CELLS during the past 12 months. This underlines the company´s leadership position in terms of technology, quality and global market share.

    - Most recently, the Q.PEAK-G4.1 monocrystalline solar module with Q.ANTUM technology bagged the Smart HIT Award in Japan in 2017 as thepreferred solar module of residential customers in Japan. “Smart House Magazine”, who issues this award based on survey responses by PV distributors in Japan, emphasized that the module won due to its price competitiveness and well-balanced quality and cost.

    - The Q.PEAK DUO-G5 solar module with half-cut cells and Q.ANTUM-DUO technology won the company the “Solar + Power Award for Excellence – Innovation” in 2017.

    - Hanwha Q CELLS ranked as “Top Performer 2017” in the DNV GL PV Module Reliability Scorecard.

    - The innovative steel frame solar module Q.PEAK RSF L-G4.2 won three awards for Hanwha Q CELLS in 2017: The “Intersolar Award”, the “pv magazine top innovation award” and the “Solar Power Portal Product Innovation Award”.

    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 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 10 business enterprise in South Korea. For more information, visit: http://www.hanwha-qcells.com

    About EuPD Research Sustainable Management GmbH

    EuPD Research Sustainable Management GmbH is an international service provider focusing on B2B market research with a highly specialized multilingual interview center. EuPD provides its clients in Europe, Asia and the US with the entire range of qualitative and quantitative research services. With the help of in-depth market knowledge combined with methodological professionalism, EuPD provides practical, future-oriented business solutions and ensure that its clients receive a return on their research investment. EuPD’s continuous research has enabled it to develop particular skills in the field of renewable energy sources, particularly in the field of solar energy.

    TOP BRAND PV: How the Seal is awarded

    Through regular surveys, market researchers and pollsters of EuPD Research identify the preferences of PV installers worldwide when recommending module brands. The independent TOP BRAND PV Seal is based on an annual multi-level analysis of qualified statements in regards to brand perception, brand management and market penetration from installers and intermediaries.

    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.

    Contact:

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Oliver Beckel
    Tel +49 (0)3494 6699 1012
    Email presse@q-cells.com

    Source: Hanwha Q CELLS Co., Ltd.

  • Hanwha Q CELLS to promote its Q.PEAK DUO-G5 half-cells solar module series at MCE in Milano

    Mar 12, 2018 12:00:00 AM

    • Together with its Q.PARTNERS in Italy, Hanwha Q CELLS will promote its current solar solution portfolio at MCE from 13 to 16 March in Milano
    • The Q CELLS brand´s top-solar-module is the Q.PEAK DUO-G5 series with half-cut cells and Q.ANTUM DUO technology. It´s now available in Italy.
    • Q CELLS also offers storage solutions to residential customers in Italy
    [Milano, Italy, March 12, 2018]

    Hanwha Q CELLS, one of the leading solar solution providers for companies and homeowners in Italy, will promote its high quality solar solution portfolio at MCE trade fair in Milano from March 13 – 16. At MCE, the company, who ranked as the world´s largest producer of high-quality solar cells in 2017, will be present at the booths of its Q.PARTNERS, such as Sonepar, Vp Solar, Sistemi Fotovoltaici, Pm Service and Energia Italia. Together, they will present the solar module portfolio, flat roof applications and storage solutions of the company´s renowned Q CELLS brand, including highlights like the monocrystalline half-cell solar module series Q.PEAK DUO-G5 and the storage solution Q.HOME + ESS-G1. With its line-up of high performance solar modules – all based on Hanwha Q CELLS´ proprietary Q.ANTUM technology – and applications like the flat roof system Q.FLAT and Q.MOUNT as well as with various storage solutions, Hanwha Q CELLS aims to take market leadership on the Italian solar market in 2018.

    Maximized efficiency on all levels: Q.PEAK DUO-G5

    The Q.PEAK DUO-G5 solar module series combines a whole range of technological innovation to reach maximum electricity yields and lowest LCOE (levelized cost of electricity). Monocrystalline half-cut cells with six bus bars, the company´s proprietary Q.ANTUM DUO cell technology for higher efficiency and minimized degradation as well as round wires enable the module to reach power classes of up to 330 Wp from 120 half-cells. In Italy, the Q.PEAK DUO-G5 series is now on sale in two versions: The Q.PEAK DUO-G5 with up to 330 Wp and Q.PEAK DUO BLK-G5, featuring black back sheet and frame, with power classes up to 320 Wp.

    At MCE Hanwha Q CELLS representatives will be available in Hall2 at the booths of Sonepar (Stand N33 P34), Vp Solar (Stand: L33 M34), Sistemi Fotovoltaici (Stand: L39 M40), Pm Service (Stand: P51 R50) and Energia Italia (Stand: P39 R42).

    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.

    Contact

    Hanwha Q CELLS
    Corporate Communications
    Jochen Endle, Oliver Beckel
    TEL +49 (0)3494 6699 10121
    EMAIL presse@q-cells.com

  • Hanwha Q CELLS Japan to reveal Q.PEAK DUO and Q.HOME series at PV EXPO 2018 in Japan

    Feb 26, 2018 12:00:00 AM

    • Q.ANTUM DUO technology provides several advantages – higher yields and system performance as well as lower installation costs and lower LCOE
    • Hanwha Q CELLS Japan will present Q.PEAK DUO, based on Q.ANTUM DUO technology, as well as Q.HOME series
    • Q.PEAK-G4.1 nominated as the preferred residential solar module in Japan
    [Tokyo, February 26, 2018]

    Hanwha Q CELLS Japan Co., Ltd. (hereinafter referred to as “Hanwha Q CELLS Japan” or the “Company”) will participate at PV EXPO 2018 in Tokyo, Japan between February 28 and March 2, 2018. PV EXPO is Japan’s largest trade show for the PV Industry. Some of the latest technologies, solar cells and modules from across the globe will be exhibited.

    During the exhibition, Hanwha Q CELLS Japan will introduce the new ‘Q.PEAK DUO’ solar module to the Japanese market. The company´s flagship module combines half-cell technology, six bus-bars and Hanwha Q CELLS’ proprietary Q.ANTUM DUO technology. Q.ANTUM DUO technology provides both the advantages of higher system performance as well as lower LCOE. In addition to the ‘Q.PEAK DUO’, Hanwha Q CELLS Japan will also introduce the new ‘HQJB-A series’ which is a hybrid energy storage system for residential markets. The ‘HQJB-A series’ enables customers to self-consume electricity and thus, the Company believes it will be successful in creating a new energy lifestyle for Japanese consumers.

    In 2016, Hanwha Q CELLS ranked second in market share in Japan. Furthermore, “Monthly Smart House,“ a Japanese PV magazine, awarded the Company´s ‘Q.PEAK-G4.1‘ monocrystalline Q.ANTUM module with the Smart HIT Award. This indicates that the product is the preferred residential solar module in Japan due to its "well-balanced quality and cost”. The Smart HIT Award for ‘Q.PEAK G-4.1‘ is meaningful as “Monthly Smart House” awarded it based on interviews conducted  with major distributors in Japan.

    Last year, Hanwha Q CELLS Japan executed a television commercial message (“TVCM”) with its brand ambassador of Japan, a renowned model in Japan, as part of promotion initiatives. This year, on the first day of exhibition at PV EXPO 2018, Hanwha Q CELLS Japan will host various events, including but not limited to a product-related talk show presented by the brand ambassador and presentations to elaborate on Hanwha Q CELLS’ new products and technologies as part of its business plans to heighten brand awareness of the Company through the events planned at PV EXPO 2018.

    [Main Products on Exhibition]

    Website: http://www.pvexpo.jp/en/

    About Hanwha Q CELLS

    Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) is a global leading photovoltaic manufacturer of high-performance, high-quality solar cells and modules. Headquartered in Seoul, South Korea, it has Technology and Innovation HQ in Thalheim, Germany and manufacturing facilities in Malaysia and China. Hanwha Q CELLS offers solar modules, photovoltaic systems solution and large-scale solar power plants. Through its growing global business network spanning North America, Asia, Europe, South America, 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 10 business enterprise in South Korea. For more information, visit: http://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.

    Contact

    Hanwha Q CELLS Corp.
    Corporate Communications
    Albert Park
    TEL +82 (2)729 3239
    EMAIL press@q-cells.com

    Source: Hanwha Q CELLS Co., Ltd.

  • Q CELLS Solar Modules Cool the Fridge of Food Wholesaler in Italy

    Feb 2, 2018 12:00:00 AM

    • 367 kWp solar system equipped with 1.335 Q CELLS solar modules produces clean electricity at Headquarters of food wholesaler Polo in northern Italy
    • Up to 90% of around 410 MWh yearly production rate used to power Polo´s logistics center with its -25°C fully automatic frozen food service facility
    • With high performance solar modules from Q CELLS, solar self-consumption pays off for companies in commerce and industry in Italy – even without FITs
    [Toelo, Italy, February 2, 2018]

    Solar modules from Hanwha Q CELLS make the sun cool the fridge at food wholesaler Polo S.p.A. in northern Italy. The experienced Italian solar installer Omnia Energy 3 srl has built a 367 kWp solar system on various flat roofs at Polo´s Headquarters in Teolo, between Verona and Venice. Being equipped with Q CELLS’ 1.335 solar modules, the installations produce around 410 MWh of clean energy per year. Polo S.p.A. uses the solar electricity to power its logistics center and especially its unique frozen food service facility – a fully automated food logistics facility operated at a constant temperature of -25°C. By using 90% of the solar system´s electricity to operate its facilities, the food service provider for restaurants in northern Italy switches large parts of their energy consumption to self-produced and self-consumed solar energy. Thus, Polo S.p.A. responds to the challenge of environmental sustainability and increases its independence from rising electricity prices from the grid.

    The solar system´s payback period is estimated at less than four years, resulting in subsequent electricity cost savings of estimated 72,000 € per year. This consideration, as well as the fact that the modules’ performance guarantee and lifetime last up to 25 years and even beyond that, respectively, makes it apparent that PV systems not only help to improve the carbon footprint of companies in Italy, but also offer enormous economic saving potentials. One key to the attractive payback periods of Polo S.p.A. is to use high performance solar modules that provide strong yields over the system´s entire operation period. In order to achieve this, the modules´ performance in difficult conditions such as low light during dusk or dawn and in hot climates – for example, Italy – is an essential element.

    Mr. Galdino Peruzzo, President of Polo S.p.A. said: “We are glad about having partnered with Omnia Energy 3 and Hanwha Q CELLS in realizing our photovoltaic installation. Moreover, we´re very happy with our initial experiences with operating the system. The Q CELLS’ solar modules truly deliver on their promises. Thus, the solar system is an important step for making our company´s energy setup fit for the future – and that goes both, in ecologic and in economic terms.”

    Omnia Energy 3´s owner, Mr. Stephane Moretti, commented: “We are very pleased to realize yet another win-win solar installation with Hanwha Q CELLS. The Q CELLS brand offers high performance and high quality solar modules and that´s exactly what you need to create short payback periods and happy customers. That´s why Omnia Energy 3 likes to choose Hanwha Q CELLS as our module partner.”

    Alberto Nadai, Key Account Manager for northern Italy at Hanwha Q CELLS, said: “It is our pleasure to partner with Omnia Energy 3 and serve Polo S.p.A. to largely disconnect from rising electricity prices via solar energy. The environmental effect of a solar system is undisputed. However, it is not crucial for convincing companies in northern Italy to go solar with our modules. Truly, the economics of our high performance Q CELLS modules speak for themselves.”

    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.

    About Omnia Energy 3 Srl

    Omnia Energy 3 Srl is a leader in the sector of renewable energies and in particular in the photovoltaic systems in the Northern-East of Italy. The features that distinguish ourselves are reliability and accuracy in the development of our business. The quality is guaranteed through the employment of solutions at the vanguard and by the professional competency of our team. Our slogan summarizes our objectives: Save, Produce, Manage.

    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.

    Contact

    Hanwha Q CELLS
    Corporate Communications    
    Jochen Endle, Oliver Beckel
    TEL +49 (0)3494 6699 10121
    EMAIL presse@q-cells.com

    Hanwha Q CELLS Solar System Polo SpA

  • Hanwha Q CELLS launches Q.ANTUM half-cell solar module series in Europe

    Jan 25, 2018 12:00:00 AM

    • Q.PEAK DUO-G5 with power classes up to 330 Wp and Q.PEAK DUO BLK-G5 with up to 320 Wp now available for European solar customers
    • Monocrystalline half-cut Q.ANTUM cells with six bus bars and round wires maximize energy yields and optimize LCOE
    • Q.ANTUM technology ensures superior real life performance thanks to minimizing degradation effects – especially LID and LeTID
    Thalheim (Bitterfeld-Wolfen), Germany, January 25, 2018

    Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL), the world´s largest solar cell producer (2017) today announced that its first solar module series with monocrystalline half-cut solar cells is now available for customers in Europe. The Q.PEAK DUO-G5 series combines a whole range of technological innovation to reach maximum electricity yields and lowest LCOE (levelized cost of electricity). Monocrystalline half-cut cells with six bus bars, the company´s proprietary Q.ANTUM cell technology for higher efficiency and minimized degradation as well as round wires enable the module to reach power classes of up to 330 Wp from 120 half-cells. In Europe, the Q.PEAK DUO-G5 series is now on sale in two versions:
    The Q.PEAK DUO-G5 with up to 330 Wp and Q.PEAK DUO BLK-G5, featuring black back sheet and frame, with power classes up to 320 Wp.

    Maengyoon Kim, EU Sales Head at Hanwha Q CELLS said: “European solar customers now have the chance to purchase, what we believe to be the best product in terms of Euro per kWh on the market today.” He added: “Its price performance ratio will make the Q.PEAK DUO-G5 series enormously attractive to residential customers as well as to small and mid-sized companies who seek to effectively lower their energy bills with solar power. This product will be a driver behind
    Hanwha Q CELLS´ attempt to become the clear solar market leader in Europe in 2018.”

    Daniel JW Jeong, Global CTO of Hanwha Q CELLS commented: “We are very proud to be the first company to present a mass produced monocrystalline half-cell solar module to European markets. Even more importantly, the Q.PEAK DUO-G5 series sets the new benchmark for achieving lowest LCOE for the customers.” He added: “In order to reach that, the module combines our latest technological innovation, both on cell and on module level. Thus, the Q.PEAK DUO-G5 is a very strong statement for the technology leadership of Hanwha Q CELLS in solar industry.”

    Maximized efficiency on all levels: Q.PEAK DUO-G5

    In order to increase yields by reducing resistive losses on cell and module levels, the Q.PEAK DUO series features half-cut solar cells with six bus bars. Round wires cast less shadows on the cells and even reflect some light back onto the cell. Finally, Hanwha Q CELLS´ proprietary Q.ANTUM technology maximizes the efficiency on cell level. On top of the rear side passivation of the solar cell (PERC), Q.ANTUM offers many additional features that differentiate it from conventional PERC. An especially notable feature is that Q.ANTUM technology controls the degradation effects of LID (light induced degradation) and LeTID (light and elevated temperature induced degradation), which can severely reduce the performance of conventional PERC solar modules not only in the first phase of operation, but also throughout its lifetime. Therefore, it is critical for PV customers to select a module manufacturer who understands and controls these effects.

    In this sense, the Q.PEAK DUO-G5 module series not only impresses with high power ratings on paper, but also excels performance in real life conditions. Hanwha Q CELLS underscores this fact by providing a 12-year product warranty — complemented by exclusive performance warranties of 98 % in the first year, a minimum of 93 % within 10 years and still 85 % after 25 years.

    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.

    Contact

    Hanwha Q CELLS
    Corporate Communications
    Jochen Endle, Oliver Beckel
    TEL +49 (0)3494 6699 10121
    EMAIL presse@q-cells.com

    Hanwha Q CELLS Q.PEAK DUO BLK-G5 klein

    Hanwha Q CELLS Q.PEAK DUO-G5 klein

  • Hanwha Q CELLS Launches Professional Ladies Golf Team

    Jan 17, 2018 12:00:00 AM

    • Nine professional golfers to start for the official Hanwha Q CELLS golf team on the LPGA World Tour, the KLPGA Tour (Korea) and the JLPGA Tour (Japan)
    • Partnership promises to benefit both the golf team and brand awareness for Hanwha Q CELLS and Q CELLS
    • LPGA World Tour will bring the golf team to key solar markets for Hanwha Q CELLS such as USA, Europe, Japan, China and Korea
    Seoul, South Korea, January 17, 2017

    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 has officially launched the Hanwha Q CELLS Ladies Golf Team. In a press conference held at the Seoul Plaza Hotel on January 4, 2018, the company introduced this new sports sponsorship and presented the team´s line-up for 2018. Hanwha Q CELLS acquired this sports sponsorship opportunity from its mother company, Hanwha Group, which has been sponsoring the golf team since 2011. Hanwha Q CELLS, the world´s largest solar cell manufacturer (2017), will use this opportunity to promote the company and the Q CELLS product brand of leading technology in some of the major solar markets, which are also part of the LPGA World Tour. In return, the support and brand power of Hanwha Q CELLS will also create positive effects for the golf team and its players.

    The current line-up of the Hanwha Q CELLS golf team consists of 9 professional players from Asia and Europe who will start in the LPGA World Tour, the KLPGA Tour in Korea, or the JLPGA Tour in Japan. The players for the LPGA Tour are In-Kyung Kim, Eun-Hee Ji, Haru Nomura, Jenny Shin, and Nelly Korda. Min-Young Lee and Chae-Young Yoon will play in the JLPGA Tour, while Ji Hyun Kim and new member Jung-Min Lee will play in the KLPGA Tour. Together, they have bagged a total of 22 victories in international golf tournaments, with 10 victories in 2017 alone. The fact that the golfers achieved these victories after having joined the Hanwha golf team, strongly underlines how systematically and successfully Hanwha supports their golf team partners. 

    Hanwha Group and Hanwha Q CELLS have a strong history of successful sport sponsorships. Hanwha Q CELLS currently is an international partner of the rising German football club, RB Leipzig, who has reached the UEFA Champions League after only their first season in the German football Bundesliga. Past partnerships with sports names like the San Francisco Giants, Juventus Turin or Hamburger SV have all contributed to increasing the brand awareness for Hanwha Q CELLS in key solar markets. In 2018, the company has ambitious targets in its solar business and will proceed to actively promote its brand via various sports marketing activities with its golf team. The company´s CEO, Sungwoo Nam, said, “Hanwha Q CELLS considers sports as a marketing platform for strengthening our market position.” He added, “We will actively practice sports marketing targeting main markets of our business.”

    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.

    Contact:

    Hanwha Q CELLS
    Albert Park, Global Brand & Communication
    TEL +82-2-729-2012
    EMAIL Albert.park@hanwha –qcells.com

    Source: Hanwha Q CELLS Co., Ltd

  • Hanwha Q CELLS Announces Shareholder Resolutions Adopted at Annual General Meeting

    Jan 11, 2018 12:00:00 AM

  • SEOUL, South Korea, Jan. 11, 2018 /PRNewswire/ -- Hanwha Q CELLS Co., Ltd. ("Hanwha Q CELLS" or the "Company") (NASDAQ: HQCL), a global leading photovoltaic manufacturer of high-performance, high-quality solar modules, today announced the shareholder resolutions adopted at its annual general meeting of shareholders ("AGM") held in Seoul, South Korea on December 29, 2017.

    Hanwha Q CELLS' shareholders adopted the following resolutions:

    - As an ordinary resolution, that Hyun Chul (Richard) Chun, who was nominated for the second term by the directors of the Company as a director on November 10, 2017, be elected as a director of the Company to hold office in accordance with the Articles of Association of the Company for a two-year term with effect from the date of the AGM
    - As an ordinary resolution, that Seung Heon (Steve) Kim, who was nominated for the second term by the directors of the Company as a director on November 10, 2017, be elected as a director of the Company to hold office in accordance with the Articles of Association of the Company for a two-year term with effect from the date of the AGM
    - As an ordinary resolution, that Moon Seong (Mason) Choi, who was elected by the directors of the Company as a director on November 10, 2017, be re-elected as a director of the Company to hold office in accordance with the Articles of Association of the Company for a two-year term with effect from the date of the AGM
    - As an ordinary resolution, that Joo Yoon, who was elected by the directors of the Company as a director on November 10, 2017, be re-elected as a director of the Company to hold office in accordance with the Articles of Association of the Company for a two-year term with effect from the date of the AGM
    - As an ordinary resolution, that Ernst & Young Han Young be appointed as independent auditor of the Company for the financial statements ending December 31, 2017

    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 diverse international manufacturing facilities in Malaysia and China.  Its domicile is Georgetown, Grand Cayman Islands. 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/.

    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.

    Cision View original content:HTTP://WWW.PRNEWSWIRE.COM/NEWS-RELEASES/HANWHA-Q-CELLS-ANNOUNCES-SHAREHOLDER-RESOLUTIONS-ADOPTED-AT-ANNUAL-GENERAL-MEETING-300581336.HTML

    SOURCE Hanwha Q CELLS Co., Ltd.

     

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  • Hanwha Q CELLS – Kalyon Enerji Joint Venture Starts Construction of 500 MW Fully Integrated Photovoltaic Manufacturing Facility in Turkey

    Dec 22, 2017 12:00:00 AM

    • 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 (December 22, 2017)

    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.

    Contact:

    Hanwha Q CELLS
    Albert Park, Global Brand & Communication
    TEL +82-2-729-2012
    EMAIL Albert.park@hanwha –qcells.com

    Source: Hanwha Q CELLS Co., Ltd

  • Three Recently Launched Solar Tenant Energy Projects Advance Energy Turnaround for Tenants in Saxony-Anhalt, Germany

    Dec 18, 2017 12:00:00 AM

    • Tenants of three residential properties in Germany benefit from cheap, clean solar energy from the roof of their tenement buildings
    • Systems realized by collaboration between the municipal utility Stadtwerke Bitterfeld-Wolfen, the ISM Group and Hanwha Q CELLS
    • Tenant solar energy in Germany is a win for everyone involved and paves the way for new solar business models open to everyone
    [Bitterfeld-Wolfen, December 18, 2017]

    In 2017 the partners – Stadtwerke Bitterfeld-Wolfen, the ISM Group and Hanwha Q CELLS – set up the first tenant energy plants on residential properties belonging to the Wolfen Housing Association in Saxony-Anhalt, Germany. ISM Energy (an affiliate of ISM Group) planned and built the systems, Stadtwerke Bitterfeld-Wolfen owns and operates them, and Hanwha Q CELLS delivered its high-power solar modules. The tenants are supplied with both the solar electricity and residual electricity from the grid operated by Stadtwerke Bitterfeld-Wolfen. The solar power systems have a total capacity of 110 kW and are equipped with 394 Q CELLS Q.PLUS-G4 solar modules, each with 280 Wp and Q.ANTUM technology. The systems will produce around 107,000 kWh of clean solar power per annum and supply 48 households with cheap solar energy.

    Tenant Energy: A Budding Solar Business Model in Germany

    Tenant energy combines locally produced direct solar power and grid power into an electricity package for private and business end users in Germany. Unlike for supply solely via the grid, no energy tax and other fees associated with use of the municipal power grid have to be paid for the directly produced and consumed solar energy. Additionally, the system operator receives a grant for the direct energy sold. As a result, the electricity is offered to the tenants at a considerably lower price than that for the basic supply, and it is therefore economically advantageous for home-owners and tenants, as well as the energy provider.

     

    Stadtwerke Bitterfeld-Wolfen was apprised to identify the opportunity of tenant energy and had already started to develop its own tenant energy scheme even before the new Tenant Energy Act (Mieterstromgesetz) came into force in July 2017. Tenant energy helps strengthen local economic cycles, increases local value creation and yields positive effects for the region. This is why the three high-performing partners, Stadtwerke Bitterfeld-Wolfen, the ISM Group and Hanwha Q CELLS, came together in Bitterfeld-Wolfen in order to implement the joint tenant energy projects in the region. The high quality-related expectations of the three partners and the successful collaboration on the first three projects will be the basis for future collaboration. In 2018, the partners will collaborate to equip other housing associations in the region with solar energy systems. Tenant energy systems are also planned for new builds.

     

    Sabine Barth, Board Member of the Wolfen Housing Association, said, “We are delighted to be able to offer our tenants low energy costs through collaboration with strong partners from the region. In addition to boosting our image, the solar energy systems have increased the value of our properties and made them particularly attractive to future tenants thanks to the lower energy costs.”

    Christian Dubiel, Managing Director at Stadtwerke Bitterfeld-Wolfen, said, “For the municipal utility, this has opened up new, attractive business areas in the field of energy services – not to mention increasing customer loyalty through the contractual relationship with the tenants. We can also see significant potential in linking sectors in the fields of electricity, heating, and electrical mobility."

     

    Tobias Schmidt, CEO of ISM Group said, “For the ISM Group, tenant energy is a significant growth area. Together with our regional partners, ISM will provide thousands of tenants in our region with access to cheap and environmentally-friendly solar energy in the coming years.”

    Mario Schulte, Account Manager at Hanwha Q CELLS, added, “We are delighted that our solar modules are finally making environmentally-friendly and cheap solar energy available to tenants in our region and in Germany. The high performance and energy yield from Q CELLS solar modules thus play a crucial role in obtaining the maximum yield from the available roof space. We are looking forward to more tenant energy projects in the next year.”

    Contact:

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Oliver Beckel
    TEL +49 (0)3494 6699 10121                 
    EMAIL presse@q-cells.com

  • 100 kW Flat Roof Solar System of Hanwha Q CELLS Produces Clean Energy on Roof of German Fire Protection Specialist

    Nov 30, 2017 12:00:00 AM

    • Photovoltaic system with east-west orientation and performance ratio of more than 86%
    • Q.FLAT-G4, the self-developed Q CELLS flat roof system, lowers energy costs for commercial and industrial (C&I) businesses
    • Q.PLUS solar modules with Q.ANTUM technology boast greater yield and lower electricity production costs
    [Thalheim, Germany, November 30, 2017]

    A 100 kW Q.FLAT-G4 photovoltaic flat roof system has been installed on the roof of the fire protection company Nagel GmbH in Bitterfeld-Wolfen, Germany. The flat roof solution Q.FLAT-G4 combines Q CELLS solar modules with a customised substructure. The system consists of 356 Q.PLUS-G4 solar modules with 280 Wp and Q.ANTUM technology. With a performance ratio of 86%, the system is designed to produce more than 80,000 kWh of clean energy per year and reduce CO2 emissions by 500 kg. Roeder Solar GmbH, headquartered in Halle, planned and installed the system with east-west orientation. Over the past 13 years, the company has installed more than 1,200 solar energy systems in central Germany. Roeder Solar GmbH is a Q.PARTNER, a company within the Hanwha Q CELLS installer network.

    Q.FLAT-G.4 - Maximise yield, minimise power generation costs

    The Hanwha Q CELLS system solution Q.FLAT-G4 forms the basis for the system in Bitterfeld-Wolfen. Q.FLAT-G4 is much more than just a substructure. The experts at Hanwha Q CELLS optimised it specifically for the use of high-performance modules of the Q CELLS brand. Therefore, the system is only compatible with Q CELLS modules. A major advantage of Q.FLAT-G4 is the quick and easy, but safe installation, which does not require any penetration of the roof structure. The system produces nearly the same amount of energy, regardless of its orientation, which allows maximum use of the roof surface. In combination with Q CELLS’ high-performance modules with Q.ANTUM technology, Q.FLAT-G4 maximises the system yield, giving the customer an optimum self-consumption rate. That is what makes Q.FLAT-G4 the comprehensive solution for flat roofs, including planning, documentation, delivery and installation by a certified Q.PARTNER company.  Hanwha Q CELLS first presented the flat roof solar solution at the Intersolar Europe trade fair in June 2017.

    Dirk Musold, Managing Director of Röder Solar GmbH, said, “With the Q CELLS ROOFTOP PLANNER, system planning and documentation is quick and easy—just like the installation itself, which only requires one type of tool.”

    Mario Schulte, Key Account Manager at Hanwha Q CELLS, said, “We are delighted about successfuly completing ofthe first Q.FLAT-G4 project in Germany.  In general, it makes a lot of sense for industrial and commercial businesses to switch their energy consumption to self-produced solar energy.  This way, they save money in the long term while also becoming more sustainable. Q.FLAT-G4 is the ideal solution for this purpose. The high performance rate, reliability and outstanding energy yield of Q CELLS’ modules in low light and high temperatures are what set them apart from the rest.”

    Watch a time-lapse video of the installation by clicking here.

    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.

    Contact

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Oliver Beckel
    TEL +49 (0)3494 6699 10121
    EMAIL presse@q-cells.com

  • GGGI Energy Forum 2017 organized by GGGI and Hanwha Q CELLS was held in Seoul to promote accelerated adoption of green energy globally

    Nov 24, 2017 12:00:00 AM

    • GGGI serves as a platform for energy experts, politicians and companies for global energy transition discussions.
    • 100% renewable electricity supply is feasible and, in addition, more economic than the current energy model.
    [Seoul, Republic of Korea, November 24, 2017]

    On November 24, 2017, the Global Green Growth Institute (GGGI) and Hanwha Q CELLS held the GGGI Energy Forum 2017 in Seoul. Under the theme of “Green Energy – Energizing a Sustainable World,” the GGGI Energy Forum serves as a platform for energy experts, politicians and companies from various nations to discuss the world’s transition to 100% renewable energy. The aim is to share knowledge, expertise and experiences in green energy, renewables, and finance.

    With continually decreasing renewables prices, the global energy transition is progressing at a faster rate than the world has expected. Already, wind and solar are the cheapest sources of electricity, with storage technology to soon follow. Disruptive technology improvements in the renewable energy sector and the search for practical solutions to climate change, air pollution, poverty, and refugee crises are accelerating the process.

    The GGGI Energy Forum started with keynote speeches, followed by an interactive discussion among the participants, who shared how their respective countries are making transitions to low-carbon and renewable economies.

    One highlight was the presentation by the South Korean government on the policy shift towards alternative sources of energy. Currently, renewable energy, such as solar and wind power, accounts for just 2 percent of South Korea’s electricity production, while coal-fired power plants and nuclear reactors generate about 40 and 30 percent, respectively. The Moon Jae-in administration is making a strong push to increase the share of renewables considerably.

    Hans-Josef Fell, President of the Energy Watch Group and member of the German Parliament from 1998 to 2013, gave an inspiring speech on his experience of working on the Renewable Energy Sources Act or Erneuerbare-Energien-Gesetz (EEG) and sharing his views on how South Korea can phase out nuclear energy and make a transition to renewables. He commented that “Effective climate protection needs a global transition to a zero emission economy in just a few decades. A global transition to 100% renewable electricity is feasible at every hour throughout the year and is also more cost effective than the existing fossil and nuclear system. This is the result of a study by Energy Watch Group that what was presented recently at COP-23 in Bonn, Germany.”

    About Global Green Growth Institute (GGGI)

    The Global Green Growth Institute (GGGI) is a treaty-based international organization headquartered in Seoul, Republic of Korea. The organization aims to promote green growth, a growth paradigm characterized by a balance of economic growth and environmental sustainability. GGGI provides research and stakeholder engagement for green growth plans, especially in developing countries, aiming to replace the more typical paradigm based on industrial development. Founded to support green economic growth that simultaneously addresses poverty reduction, job creation, social inclusion, and environmental sustainability. GGGI supports stakeholders through the delivery of comprehensive products and services designed to assist in developing, financing, and mainstreaming green growth to support the implementation of national economic development priorities and international commitments.

    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.

    Contact

    Hanwha Q CELLS
    Albert Park, Global Brand & Communication
    TEL +82-2-729-2012
    EMAIL Albert.park@hanwha –qcells.com

  • Notice of Annual General Meeting of Shareholders to be Held on December 29, 2017

    Nov 21, 2017 12:00:00 AM

  • SEOUL, South Korea, Nov. 21, 2017 /PRNewswire/ -- Hanwha Q CELLS Co., Ltd. ("Hanwha Q CELLS" or the "Company") (NASDAQ: HQCL), a global leading photovoltaic manufacturer of high-performance, high-quality solar modules, today announced that the annual general meeting of shareholders (the "AGM") of the Company will be held at 9:00 AM Korea Standard Time on December 29, 2017 at the Company's building at Room 301 on the 3rd Floor of 86 Cheonggyecheon-ro, Jung-gu, Seoul, Korea 101-797, to consider and, if thought fit, to pass and approve the following resolutions:

    - as an ordinary resolution, that Hyun Chul (Richard) Chun, who was nominated for the second term by the directors of the Company as a director on November 10, 2017, be elected as a director of the Company to hold office in accordance with the Articles of Association of the Company for a two-year term with effect from the date of the AGM
    - as an ordinary resolution, that Seung Heon (Steve) Kim, who was nominated for the second term by the directors of the Company as a director on November 10, 2017, be elected as a director of the Company to hold office in accordance with the Articles of Association of the Company for a two-year term with effect from the date of the AGM
    - as an ordinary resolution, that Moon Seong (Mason) Choi, who was elected by the directors of the Company as a director on November 10, 2017, be re-elected as a director of the Company to hold office in accordance with the Articles of Association of the Company for a two-year term with effect from the date of the AGM
    - as an ordinary resolution, that Joo Yoon, who was elected by the directors of the Company as a director on November 10, 2017, be re-elected as a director of the Company to hold office in accordance with the Articles of Association of the Company for a two-year term with effect from the date of the AGM
    - as an ordinary resolution, that Ernst & Young Han Young be appointed as independent auditor of the Company for the financial statements ending December 31, 2017

    Holders of record of ordinary shares at the close of business on November 24, 2017 (Eastern Time) will be entitled to attend and vote at the AGM. A holder entitled to attend and vote is also entitled to appoint a proxy to attend and, on a poll, vote instead of him and that proxy need not be a holder of ordinary shares of the Company. Whether or not you expect to attend the AGM in person, please mark, date, sign and return the enclosed proxy card to: Board Secretary, Hanwha Q CELLS Co., Ltd., 5th Floor, 86 Cheonggyecheon-ro, Jung-gu, Seoul, Korea 101-797. The proxy card shall be received by the Company's Board Secretary no later than 5:00 PMKorea Standard Time on December 28, 2017 to ensure your representation and the presence of a quorum at the AGM. Sending in your proxy will not prevent you from voting in person at the AGM.

    Holders of American Depositary Shares representing ordinary shares will be entitled to vote through the depositary at the AGM. Please refer to the voting materials delivered to you by the depositary for how you may instruct the depositary to vote.

    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 diverse international manufacturing facilities in Malaysia and China.  Its domicile is Georgetown, Grand Cayman Islands. 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/.

    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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  • Hanwha Q CELLS Reports Third Quarter 2017 Results

    Nov 10, 2017 12:00:00 AM

  • SEOUL, South Korea, Nov. 10, 2017 /PRNewswire/ -- Hanwha Q CELLS Co., Ltd. ("Hanwha Q CELLS" or the "Company") (NASDAQ: HQCL), a global leading photovoltaic manufacturer of high-performance, high-quality solar modules, today reported its unaudited financial results for the third quarter ended September 30, 2017. The Company will host a conference call to discuss the results at 8:00 am Eastern Time (10:00 pm Korea Standard Time) on November 10, 2017.

    Third Quarter 2017 Highlights

    - Net revenues were $543.0 million, compared with $577.7 million in the second quarter of 2017 and $707.8 million in the third quarter of 2016.
    - Gross margin was 11.6%, compared with 11.6% in the second quarter of 2017 and 19.9% in the third quarter of 2016.
    - Operating income was $10.6 million, compared with operating income of $20.1 million in the second quarter of 2017 and operating income of $72.4 million in the third quarter of 2016.
    - Net income attributable to Company's ordinary shareholders was $5.0 million, compared with net income of $18.7 million in the second quarter of 2017 and net income of $41.7 million in the third quarter of 2016.
    - Earnings per fully diluted American Depositary Share ("ADS" and each ADS represents 50 of the Company's ordinary shares) were $0.06, compared with earnings per fully diluted ADS of $0.22 in the second quarter of 2017 and earnings per fully diluted ADS of $0.50 in the third quarter of 2016.

    Mr. Jay Seo, CFO of Hanwha Q CELLS, said that the Company's "third quarter results were in-line with the Company's guidance set forth in Q2," and that the downward pressure on gross margin, caused primarily by increasing wafer prices, was partially off-set by cell and module processing cost reduction."

    Mr. Moon Seong Choi, the Company's new SVP of Corporate Planning, commented that the Company will have a total of 8GW of nameplate module capacity at year-end when including Hanwha Q CELLS Korea's manufacturing capacity. Mr. Choi discussed the expected impacts of Section 201, stating that the utility segment demand in the U.S. is not expected to decrease drastically following the ITC recommendation which was less than the remedies requested by the petitioners.

    Third Quarter 2017 Results of Operations

    Net Revenues

    - Total net revenues were $543.0 million, down 6.0% from $577.7 million in the second quarter of 2017 and down 23.3% from $707.8 million in the third quarter of 2016.

    Gross Profit and Margin

    - Gross profit in the third quarter of 2017 was $63.2 million, compared with $67.2 million in the second quarter of 2017 and $140.5 million in the third quarter of 2016.
    - Gross margin in the third quarter of 2017 was 11.6%, compared with 11.6% in the second quarter of 2017 and 19.9% in the third quarter of 2016.

    Income from Operations and Operating Margin

    - Income from operations in the third quarter of 2017 was $10.6 million, compared with $20.1 million in the second quarter of 2017 and $72.4 million in the third quarter of 2016.
    - Operating margin in the third quarter of 2017 was 2.0%, compared with 3.5% in the second quarter of 2017 and 10.2% in the third quarter of 2016.
    - Total operating expenses were $52.6 million in the third quarter of 2017, up 11.7% from $47.1 million in the second quarter of 2017 and down 22.8% from $68.1 million in the third quarter of 2016.
    - Selling and marketing expenses were $30.6 million in the third quarter of 2017, up 3.7% from $29.5 million in the second quarter of 2017 and down 15.9% from $36.4 million in the third quarter of 2016.
    - General and administrative expenses were $17.4 million in the third quarter of 2017, up 28.9% from $13.5 million in the second quarter of 2017 and down 11.7% from $19.7 million in the third quarter of 2016.
    - Research and development expenses were $4.6 million in the third quarter of 2017, up 12.2% from $4.1 million in the second quarter of 2017 and down 61.7% from $12.0 million in the third quarter of 2016.

    Net Interest Expense

    - Net interest expense was $10.0 million in the third quarter of 2017, compared with $9.2 million in the second quarter of 2017 and $12.4 million in the third quarter of 2016.

    Foreign Currency Exchange Gain (Loss)

    - Net foreign currency exchange gain was $7.3 million in the third quarter of 2017, compared with a gain of $7.1 million in the second quarter of 2017 and a loss of $2.3 million in the third quarter of 2016.

    Gain (loss) on Change in Fair Value of Derivative Contracts

    - The Company recorded a net loss of $0.6 million in the third quarter of 2017 from the change in fair value of derivatives in hedging activities, compared with a net loss of $3.0 million in the second quarter of 2017 and a net loss of $2.1 million in the third quarter of 2016.

    Income Tax Expense (Benefit)

    - Income tax expense was $2.5 million in the third quarter of 2017, compared with an income tax benefit of $3.0 million in the second quarter of 2017 and an income tax expense of $10.3 million in the third quarter of 2016.

    Net Income (Loss) and Earnings (Loss) per ADS

    - Net income attributable to Company's ordinary shareholders was $5.0 million in the third quarter of 2017, compared with net income of $18.7 million in the second quarter of 2017 and net income of $41.7 million in the third quarter of 2016.
    - Earnings per fully diluted ADS on a GAAP basis were $0.06 in the third quarter of 2017, compared with $0.22 in the second quarter of 2017 and $0.50 in the third quarter of 2016.

    Third Quarter 2017 Financial Position

    As of September 30, 2017, the Company had cash and cash equivalents of $245.6 million, compared with $331.0 million as of June 30, 2017. The restricted cash as of September 30, 2017 was $113.4 million, compared with $95.0 million as of June 30, 2017.

    As of September 30, 2017, accounts receivable was $391.1 million, compared with $358.4 million, as of June 30, 2017. Inventories were $350.7 million as of September 30, 2017, compared with $337.2 million as of June 30, 2017.

    As of September 30, 2017, accounts payable was $429.2 million, compared with $407.8 million, as of June 30, 2017.

    Total short-term bank borrowings (including the current portion of long-term bank borrowings) were $744.1 million, an increase of $108.6 million from the second quarter of 2017, due to proceeds from additional borrowings in China.

    As of September 30, 2017, the Company had total long-term debt (net of current portion and long-term notes) of $336.8 million, an increase of $0.7 million from the second quarter of 2017. The Company's long-term debt is comprised of bank and government borrowings, to be repaid in installments until their maturities, ranging from one to fourteen years.

    Capital expenditures were $26.6 million in the third quarter of 2017.

    Operations Updates

    Production Capacity

    As of September 30, 2017, the Company's in-house, annualized production capacities were 1,600 MW for ingot, 1,050 MW for wafer, 4,300 MW for cell and 4,300 MW for module.

    By the end of this year, we expect our annual nameplate capacities to reach 1,600 MW for ingot, 1,100 MW for wafer, 4,300 MW for cell and 4,300 MW for module.

    Furthermore, the Company has additional module availability of up to 2,100 MW (annualized) as of September 30, 2017 from Hanwha Q CELLS Korea Corporation, an affiliate of the Company. Hanwha Q CELLS Korea Corporation is currently ramping-up its capacity with expected capacity of approximately 3,700 MW by year-end.

    Business Outlook

    Fourth Quarter and Full Year 2017 Guidance

    For the fourth quarter of 2017, the Company estimates net revenues in the range of $610 million to $630 million.

    For the full year 2017, the Company reiterates its previous guidance of:

    - Total module shipments in the range of 5,500 to 5,700 MW
    - Revenue-recognized module shipments in the range of 5,300 to 5,500 MW
    - Capital expenditures of approximately $70 million for manufacturing technology upgrades and certain R&D related expenditures

    Conference Call

    The Company will host a conference call to discuss the results at 8:00 am Eastern Time (10:00 pm Korea Standard Time) on November 10, 2017. The management will discuss the results and take questions following the prepared remarks.

    A live webcast of the conference call will be available on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM or by clicking the following hyperlink: HTTPS://EDGE.MEDIA-SERVER.COM/M6/P/DCYWJ8KQ.

    The dial-in details for the live conference call are as follows:

    International Toll Free Dial-In Number : +65 6713-5090
    United States : +1 (845)675-0437
    South Korea : +82 2-6490-3660
    Germany : 08001820671
    United Kingdom : +44 2036214779
    China, Domestic : 4006208038 / 8008190121
    Hong Kong : +852 30186771

    Passcode: HQCL

    A replay of the call will be available after the conclusion of the conference call on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM and also by dialing the numbers below:

    International Toll Free Dial-In Number : +61 2 8199 0299
    United States : +1 (855) 452-5696
    South Korea : 00798-6136-1602
    Germany : 08001802149
    United Kingdom : 08082340072
    China, Domestic : 8008700206 / 4006322162
    Hong Kong : 800963117

    Conference ID: 63369727

    Replay time period: November 10, 2017 11:00 ET - November 18, 201707:59 ET

    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.

    Safe Harbor Statement

    This report contains forward-looking statements that are not statements of historical fact. 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. Such statements, particularly statements about our guidance for performance in the third quarter and the full year 2017, involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such risks and uncertainties include pending administrative and civil actions in the United States under existing or potential new statutes and regulations governing trade between the United States and other countries, and potential antidumping, countervailing or other duties imposed on goods imported into the United States, as well as the Company's access to new capacity from an affiliate. Further information regarding these and other risks is included in Hanwha Q CELLS' filings with the 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 any forward-looking statements, whether as a result of new information, future events or otherwise.

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  • Hanwha Q CELLS to Announce Third Quarter 2017 Financial Results on November 10

    Oct 27, 2017 12:00:00 AM

  • SEOUL, South Korea, Oct. 27, 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, today announced that it will release its third quarter 2017 financial results before the market opens on Friday, November 10, 2017. The Company will host a conference call to discuss the results and updated business outlook at 8:00 AM Eastern Time (10:00 PM Korea Time).

    Conference Call

    A live webcast of the conference call will be available on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM or by clicking the following hyperlink: HTTPS://EDGE.MEDIA-SERVER.COM/M6/P/DCYWJ8KQ.

    The dial-in details for the live conference call are as follows:

    International Toll Free Dial-In Number : +65 6713-5090
    United States : +1 (845)675-0437
    South Korea : +82 2-6490-3660
    Germany : 08001820671
    United Kingdom : +44 2036214779
    China, Domestic : 4006208038 / 8008190121
    Hong Kong : +852 30186771

    Passcode: HQCL

    A replay of the call will be available after the conclusion of the conference call on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM and also by dialing the numbers below:

    International Toll Free Dial-In Number : +61 2 8199 0299
    United States : +1 (855) 452-5696
    South Korea : 00798-6136-1602
    Germany : 08001802149
    United Kingdom : 08082340072
    China, Domestic : 8008700206 / 4006322162
    Hong Kong : 800963117

    Conference ID: 63369727

    Replay time period: November 10, 2017 11:00 ET - November 18, 201707:59 ET

    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.

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  • Hanwha Q CELLS supplies 10 MW modules to actensysSolar Park Körbelitz II in Saxony-Anhalt

    Oct 26, 2017 12:00:00 AM

    • 36,360 Q CELLS solar modules produce sustainable electricity for around 2,500 households in the Körbelitz region
    • Q.PLUS solar modules with Q.ANTUM technology boast higher yields and lower electricity production costs
    [Seoul, Republic of Korea, November 24, 2017]

    Hanwha Q CELLS GmbH, German subsidiary of the world’s largest producer of 100% inhouse solar cells and modules, Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL), and actensys GmbH commissioned the 10 MW Körbelitz Solar Park II in the Jerichower Land district of Saxony-Anhalt in spring 2017. actensys GmbH developed, planned and built the photovoltaic power plant in three weeks of construction. Hanwha Q CELLS supplied around 36,360 Q.PLUS BFR-G4.1 photovoltaics modules with Q.ANTUM technology. A total of 24 SolarMax TS-SV 360 central inverters feed solar power into the medium voltage grid. The plant will produce around 11,000 MWh of clean energy a year, saving almost 6,000 tonnes of CO2.


    Roman Jehle, Projects Manager at actensys GmbH said: “actensys GmbH is an experienced solar developer with around 3,000 planned and installed solar projects and a total output of 200 MW under their belt. The Solar Park Körbelitz II is another successful example of how photovoltaic plants pay off in Germany. Professional planning, seamless and careful plant constructions and, in particular, the performance and quality of the solar modules are all crucial for maximum profitability. The outstanding energy yield of Q CELLS modules in low light and high temperatures and their reliability really make the key difference.”


    Christian Hauser, Key Account Manager at Hanwha Q CELLS said: “We would like to thank actensys GmbH for trusting us with this major project. actensys has a great deal of experience and expertise in solar projects. We share their high standards for quality and sustainable project success, which is why we are looking forward to continuing and expanding this successful collaboration.”

    About actensys GmbH

    Active energy systems (actensys) stands for innovative and sustainable energy solutions. This growing company led by Martin Weißenfels was founded in 2008 as a photovoltaics engineering firm. Energy production from renewable sources and also intelligent building networks and energy management, plus integrated energy use, are the core skills of actensys GmbH. actensys emphasises quality, innovation and foresight coupled with short response times when planning, realising and servicing rooftop and ground mounted solar systems, as well as when it comes to energy management. More at: http://www.actensys.de

    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: ww.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.

    Contact

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Oliver Beckel
    TEL +49 (0)3494 6699 10121
    EMAIL presse@q-cells.com

  • Hanwha Q CELLS Powers Manufacturing Plant of CN Industries in France with Q.FLAT-G4.1 Flat-Roof System

    Oct 10, 2017 12:00:00 AM

    • 84 kW photovoltaic system in East-West orientation enables CN Industries´ high self-consumption rate of 70%
    • Photovoltaic self-consumption bears great potential for commercial and industrial companies and municipalities in France
    • Q.FLAT-G4.1 maximizes system yields and minimizes LCOE on flat roofs
    [Thalheim, Germany / Auvergne, France, October 10, 2017]

    A 84 kW Q.FLAT-G4.1 photovoltaic system powers the manufacturing plant of doming specialist CN Industries in France. Hanwha Q CELLS GmbH provided the complete flat roof solution Q.FLAT-G4.1 for the installation, which comprises of 280 Q.PEAK-G4.1 300 Wp modules as well as a tailor made mounting system. The German subsidiary of the world´s largest producer of high performance solar cells, Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL), first launched Q.FLAT-G4.1 at Intersolar Europe 2017. The system has been designed to maximize system yields and lower LCOE (Levelized Cost of Electricity) on limited flat roof spaces regardless of the system orientation. In the case of CN Industries in the French Auvergne region, the 84 kW solar system has been installed in east-west orientation and is expected to produce around 116.280 kWh of clean electricity per year. This will enable the company to use around 70% of the self-produced solar electricity to power its doming production and save up to 5.218 kg of CO2 per year. Hanwha Q CELLS partner Systèmes Solaires, one of the most experienced installers in France, designed, and constructed the rooftop installation.

    The second installation phase will extend the system to a carport, where Q CELLS solar modules will increase the total system size to 112 kWp. Moreover, a large energy storage will help to reach an energy autonomy rate of 72% for the plant.

    Clément Neyrial at CN Industries said: “The self-consumption of solar energy through our new Q.FLAT-G4.1 rooftop installation helps us, both ecologically and economically. We´d like to thank our partners Systèmes Solaires and Hanwha Q CELLS for providing quality work and a high quality solar system solution.”

    Rafael Soto, Sales Manager for Hanwha Q CELLS in France said: “In France and basically all over Europe, self-consumption of solar energy makes a lot of sense for companies in industry and commerce. Our Q.FLAT-G.4.1 flat roof system equipped with high efficiency solar modules from Q CELLS is the ideal combination to maximize energy yields and returns on investment for the customer.”

    Q.FLAT-G.4.1– maximized yields and minimized LCOE, even from difficult flat roofs

    The Q.FLAT-G4.1 flat-roof system is the central element of Hanwha Q CELLS system offering for flat roofs of commercial, industrial and public customers in Europe. It is a lot more than just a support structure for flat roof systems. Being perfectly adapted to Q CELLS´ high efficiency solar modules, Q.FLAT-G4.1 offers a complete one-stop shop system solution, including planning, documentation, delivery and installation. The biggest advantages of a Q.FLAT-G4.1 system are its fast, simple and secure installation without roof penetration, the flexible orientation options as well as maximum yields coming from solar modules based on Hanwha Q CELLS´ proprietary Q.ANTUM cell technology for higher efficiency and lower LCOE.

    About Hanwha Q CELLS

    Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) is a global leading photovoltaic manufacturer of high-performance, high-quality solar cells and modules. Headquartered in Seoul, South Korea, it has Technology and Innovation HQ in Thalheim, Germany and manufacturing facilities in Malaysia and China. Hanwha Q CELLS offers solar modules, photovoltaic systems solution and large-scale solar power plants. Through its growing global business network spanning North America, Asia, Europe, South America, 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 10 business enterprise in South Korea. For more information, visit: http://www.hanwha-qcells.com.

    About Systemes Solaires

    Systèmes Soliaires is specialized in the installation of photovoltaic power plants since 2006. With this background Systèmes Solaires today is the reference photovoltaic in Auvergne and Grand Center with more than 1,700 installations.

    Based in Cournon d'Auvergne, near Clermont-Ferrand in the Puy-de-Dôme, its zone of activity extends to the Auvergne and its neighboring departments.

    About CN Industrie

    Based in Auvergne, in the heart of France, CN Industrie runs the largest doming factory in Europe. On the inside, the factory is kept free from dust, and at a constant temperature and humidity level. In this manufacturing base, all sorts of doming are carried out, from Micro Doming over to Maxi Doming – all with the best possible manufacturing times.

    Contact

    Hanwha Q CELLS
    Corporate Communications
    Jochen Endle, Oliver Beckel
    TEL +49 (0)3494 6699 10121
    EMAIL presse@q-cells.com

  • Hanwha Q CELLS Japan Surpasses 3 GW Milestone of Accumulated Solar Module Shipments in Japan since 2011

    Sep 21, 2017 12:00:00 AM

    • 3 GW milestone surpassed after only 6 years of operation in the country
    • Hanwha Q CELLS already ranked second in yearly module shipments of 2016 and continuing growth
    • Q.PARTNERS network with over 700 companies and Q.MAX series are success drivers in commercial and residential market segments
    [Tokyo, Japan, September 21, 2017]

    Hanwha Q CELLS Japan, the Japanese subsidiary of the world’s largest producer of 100% inhouse solar cells and modules, Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL), today announced to have surpassed the milestone of accumulated solar module shipments of 3 GW in Japan in the second quarter of 2017. The company entered the Japanese solar market in August 2011. Only two years later, in 2013, Hanwha Q CELLS Japan was already the largest foreign solar product provider in Japan. In 2016, Hanwha Q CELLS shipped 700 MW of solar modules in Japan, ranking second among the solar suppliers in the country and accounting for 10% of market share in Japan. According to the International Energy Agency (IEA), the total amount of solar modules installed in Japan by the end of 2016 was 42.8 GW, of which 7% was supplied by Hanwha Q CELLS Japan. Hanwha’s market share in Japan climbed to about 15% in the second quarter of 2017. Hanwha Q CELLS Japan aims for another record year in the country.

    Hanwha Q CELLS Japan addresses the needs of customers in commercial and residential markets

    The constant success of Hanwha Q CELLS in the Japanese solar market is based on the superior performance and quality of its “Engineered-in-Germany” solar products and on Hanwha Q CELLS Japan’s high versatility to flexibly adapt to the unique and dynamic market conditions of Japan. After the years of Feed-In-Tariff (FIT) driven solar business and large-scale projects in Japan, Hanwha Q CELLS Japan adapted very quickly to the falling FIT. The company continuously cultivated its Q.PARTNERS network of installers and sales agents and created solutions for the specific needs of Japanese companies as well as residential customers. The popular Q.MAX series contributed a lot to the success in the commercial segment – an assortment of devices including power conditioners, frames, and racks, of which the adoption lowers the barrier to enter into solar power systems, and shows the commercial value of solar power.

    Seung Woo Nam, CEO of Hanwha Q CELLS Co., Ltd., said: “We are very proud to be continuously increasing our success in Japan. Being the second largest provider of solar systems in Japan is especially meaningful, because the criteria for product performance and quality are extremely high in the country. Having met the needs of a market with such high standards, we are confident that the performance and quality of our products can convince anyone, anywhere.”

    Jong Seo Kim, President of Hanwha Q CELLS Japan said: “We are very happy about our development in Japan during the last couple of years. However, we’ve only just begun. We will continue to work very hard in order to serve even better solar products and solutions for the needs of our valued customers in Japan in the future.”

    About Hanwha Q CELLS Japan

    Hanwha Q CELLS Japan was established in 1984 as a Japanese subsidiary of South Korea’s leading enterprise, Hanwha Group, and commemorated its 30th anniversary in February 2014. Hanwha Q CELLS Japan conducts exportation, importation in Asia and sales in the Japanese market for various key industries, such as solar energy (photovoltaic module importation and IPP), chemicals, iron, steel, mechatronics, manufacturing facilities, automotive components and IT products. Hanwha Q CELLS Japan entered the PV business in 2011 and became a Top 3 PV manufacturer in Japan based on shipment volume in 2016.

    For more information, visit: www.q-cells.jp/

    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.

    Contact

    Hanwha Q CELLS Japan
    DI SHIN, Junichi Katayama
    PV Marketing
    TEL +81 3 5441 5928
    EMAIL di.shin@hqj.co.jpkatayama.j@hqj.co.jp

    Source: Hanwha Q CELLS Co., Ltd

  • World Premiere: Hanwha Q CELLS to Introduce High-End Q.ANTUM Solar Module Series Q.PEAK DUO with Half-Cell Technology at SPI 2017

    Sep 6, 2017 12:00:00 AM

    • At booth No. 3937, Hanwha Q CELLS will present its full portfolio of Q.ANTUM-based solar modules and newly-developed storage application
    • The monocrystalline Q.PEAK DUO Q.ANTUM module series can reach module efficiencies close to 20% and produce up to 395 Wp
    • Q.PEAK DUO comes in variations with 120 and 144 half-cells and will feature an all-black version for impressive aesthetics on private homes
    [Las Vegas, Nevada, USA, September 6, 2017]

    Hanwha Q CELLS, the world´s largest producer of 100% in-house solar cells and modules, today announced it will unveil the completely new module series Q.PEAK DUO at Solar Power International (SPI) in Las Vegas between September 11 and 13, 2017. The Q.PEAK DUO module series combines half-cell technology, six-bus-bars and the company´s proprietary Q.ANTUM cell technology. Thus, the monocrystalline modules reach efficiencies of close to 20% and power outputs of up to 330 Wp from 120 half-cells and up to 395 Wp from 144 half-cells. At SPI, Hanwha Q CELLS will showcase the new series at booth No. 3937 in the Mandalay Bay Convention Center together with its entire portfolio of solar modules and its newly-developed PV plus energy storage solution. Alongside Q.PEAK DUO, the booth highlights will be the company´s current high-performance module series Q.PEAK (monocrystalline) and Q.PLUS (multicrystalline) as well as the innovative steel frame module Q.PEAK RSF. This prototype has recently won the Intersolar Europe Innovation Award for significantly lowering BOS cost thanks to its revolutionary frame concept. Moreover, U.S. customers will be able to experience Hanwha Q CELLS´ PV + ESS, Q.HOME.

     

    "We are thrilled to unveil our latest high-end innovation to U.S. customers and the world at SPI. With the Q.PEAK DUO series, Hanwha Q CELLS will be setting another benchmark in terms of high-end performance and reliability of crystalline solar modules under real-life conditions", said Mr. Seong Woo Nam, Chairman and CEO of Hanwha Q CELLS. He continued, "U.S. customers and investors are looking for the highest possible yields and reliability from a bankable partner. As a flagship company of Fortune Global 500 business enterprise Hanwha Group with "Engineered in Germany" technology, Hanwha Q CELLS is one of only a few companies who can deliver just that in large volumes."

    Q.ANTUM: MORE THAN JUST PERC

    Q.ANTUM is the proprietary solar cell technology platform of Hanwha Q CELLS and the engine behind its complete portfolio of solar modules. While being based on the rear side passivation of the solar cell (PERC), Q.ANTUM offers many additional features that differentiate it from conventional PERC technologies. Q.ANTUM Technology's strength lies in controlling various degradation effects such as PID (potential induced degradation), LID (light induced degradation) and LeTID (light and elevated temperature induced degradation). Hanwha Q CELLS featured a presentation at the R&D conference 'Silicon PV' in Germany in April, showing that LeTID does not only appear on multicrystalline materials, but can also significantly reduce the energy yield of monocrystalline PERC solar cells in early operation stages. Hanwha Q CELLS not only understands the effect, but also implemented processes to control it effectively. This is reflected in the excellent performance warranties of all Q.ANTUM products. Additionally, Q.ANTUM features Hot-Spot-Protect and Tra.Q laser marking for 100 % traceability of any cells produced, as well as strict Q CELLS quality standards.

    Q.PEAK AND Q.PLUS: Q.ANTUM´S CURRENT TOP PERFORMERS

    The standard monocrystalline Q.PEAK series and multicrystalline Q.PLUS L will be showcased at SPI:

    - Q.PEAK-G4.1: monocrystalline 60-cell Q.ANTUM solar module with white backsheet, black frame, and power ratings of up to 310 Wp

    - Q.PEAK BLK-G4.1: all-black monocrystalline 60-cell Q.ANTUM solar module with black backsheet, black frame, and power ratings of up to 300 Wp

    - Q.PEAK-G4.1/MAX: smart monocrystalline 60-cell Q.ANTUM solar module with white backsheet, black frame,  and power ratings of up to 310 Wp

    - Q.PLUS L-G4.2: multicrystalline 72-cell Q.ANTUM solar module with white backsheet, silver frame, and power ratings of up to 355 Wp

    Q.PEAK DUO AND Q.PEAK RSF: THE NEXT GENERATION OF Q.ANTUM

    These Q.ANTUM highlights are soon to raise the bar for performance and quality:

    - Q.PEAK DUO: monocrystalline 120 half-cell Q.ANTUM module, white backsheet, black frame, improved temperature coefficient, and power ratings of up to 330 Wp

    - Q.PEAK DUO BLK: all-black monocrystalline 120 half-cell Q.ANTUM module, black backsheet, black frame, impressive aesthetics, and power ratings of up to 320 Wp

    - Q.PEAK DUO L: monocrystalline 144 half-cell Q.ANTUM module, white backsheet, silver frame, maximum energy yield, and power ratings of up to 395 Wp

    - Q.PEAK RSF L - G4.2: monocrystalline 72-cell Q.ANTUM solar module with innovative reinforced steel frame, decentralized junction box, and power ratings of up to 375 Wp for lowest LCOE and optimized manageability. Winner of the 2017 Intersolar Innovation Award

    MORE TO SEE AT HANWHA Q CELLS' BOOTH 3937

    Hanwha Q CELLS will be presenting these additional attractions: Visitors will have the chance to follow regular presentations about the innovations of Q.PEAK DUO followed by a game and prizes. Moreover, Hanwha Q CELLS will host a presentation on the steel frame module Q.PEAK RSF at the Future PV Roundtable, which will be held on Tuesday September 12th in Roof E of the Mandalay Bay Expo Center.

    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.

    Contact

    Hanwha Q CELLS America
    Katie Kim, Assistant Marketing Manager
    EMAIL katie.kim@us.q-cells.com

    Source: Hanwha Q CELLS Co., Ltd

    [Hanwha_Q_CELLS_Q.PEAK_DUO_BLK-G5_klein]

    [Hanwha_Q_CELLS_Q.PEAK_DUO_L-G5_klein]

    [Hanwha_Q_CELLS_Q.PEAK_DUO-G5_klein]

  • Hanwha Q CELLS modules power largest solar system on company rooftop in Ireland

    Sep 4, 2017 12:00:00 AM

    • 420 kWp rooftop solar system on Butlers Chocolates headquarters in Dublin
    • Photovoltaic self-consumption bears great potential for commercial and industrial companies in Ireland
    • High performance and quality modules are key for sustainable ROI
    [Thalheim, Germany / Dublin, Ireland, September 4, 2017]

    A 420 kW solar system powers the chocolate production at Butlers Chocolates headquarters in Dublin. Hanwha Q CELLS GmbH, German subsidiary of the world´s largest producer of high performance solar cells, Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL), provided 1.590 Q.PRO G4 high performance and high quality solar modules. The rooftop installation was constructed by Hanwha Q CELLS partner Gaelectric Energy Solutions DAC, a company experienced in realizing PV systems for different applications in Ireland. The demonstration project will be Gaelectric's first "behind the meter" installation, the energy will be used exclusively to power Butlers Chocolates production facility.

    Daire Friel, Business Development Manager for Gaelectric Energy, said: "By applying solar systems, companies can largely disconnect from rising energy prices and substantially save on electricity cost in the long run. The 420 kWp demonstration project at Butlers Chocolates is a strong evidence for that, as it will supply approximately 14% of the base load electricity requirement of the company. We look forward to a meaningful support scheme for renewable energy projects, in order to utilize the so far untapped solar potential of Ireland."

    Sean Collier, Key Account Manager for Ireland at Hanwha Q CELLS said: "We are proud to partner with Gaelectric for solar energy projects in Ireland. High quality and high performance modules integrated into a high quality system installation are the basis for sustainable solar investments that pay-off for investors."

    About Hanwha Q CELLS

    Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) is a global leading photovoltaic manufacturer of high-performance, high-quality solar cells and modules. Headquartered in Seoul, South Korea, it has Technology and Innovation HQ in Thalheim, Germany and manufacturing facilities in Malaysia and China. Hanwha Q CELLS offers solar modules, photovoltaic systems solution and large-scale solar power plants. Through its growing global business network spanning North America, Asia, Europe, South America, 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 10 business enterprise in South Korea. For more information, visit: http://www.hanwha-qcells.com.

    About Gaelectric

    Founded in 2004, Gaelectirc have become a leader in development, operation and management of renewable energy projects in wind, bioenergy and solar on the island of Ireland and in Great Britain. We have 188MW of wind generation connected to the grid and a further 424MW of wind, biomass and 3rd party contracts under asset management.Our Trading and Markets team are providing an energy market and trading service, our team's understanding of regulatory developments, market design & trading is unparalleled in the all-island market. By actively participating on all I-SEM market change working groups (including DS3 and I-SEM) and the market committees of IWEA, NIRIG and Electricity Association of Ireland we can translate our unique insights into value for our clients.

    Our Energy Solutions Team are providing behind the meter renewable energy solutions to our customers on an Energy Contracting (ESCo) basis.  This means our customers can enjoy the benefits of on-site renewable technologies with no capital or operational risk.  These services are provided on a pay as your use basis over a long term agreement. Find out more at: http://www.gaelectric.ie/energy-solutions/

    Contact

    Hanwha Q CELLS
    Corporate Communications
    Jochen Endle, Oliver Beckel
    TEL +49 (0)3494 6699 10121
    EMAIL presse@q-cells.com

  • Hanwha Q CELLS Reports Second Quarter 2017 Results

    Aug 10, 2017 12:00:00 AM

  • SEOUL, South Korea, Aug. 10, 2017 /PRNewswire/ -- Hanwha Q CELLS Co., Ltd. ("Hanwha Q CELLS" or the "Company") (NASDAQ: HQCL), a global leading photovoltaic manufacturer of high-performance, high-quality solar modules, today reported its unaudited financial results for the second quarter ended June 30, 2017. The Company will host a conference call to discuss the results at 8:00 a.m. Eastern Time (9:00 p.m. Korea Standard Time) on August 10, 2017.

    Second Quarter 2017 Highlights

    - Net revenues were $577.7 million, compared with $432.0 million in the first quarter of 2017 and $638.0 million in the second quarter of 2016.
    - Gross margin was 11.6%, compared with 13.8% in the first quarter of 2017 and 23.7% in the second quarter of 2016.
    - Operating income was $20.1 million, compared with operating income of $28.3 million in the first quarter of 2017 and operating income of $84.5 million in the second quarter of 2016.
    - Net income attributable to the Company's ordinary shareholders was $18.7 million, compared with net income of $17.6 million in the first quarter of 2017 and net income of $76.8 million in the second quarter of 2016.
    - Earnings per fully diluted American Depositary Share ("ADS" and each ADS represents 50 of the Company's ordinary shares) were $0.22, compared with earnings per fully diluted ADS of $0.21 in the first quarter of 2017 and earnings per fully diluted ADS of $0.92 in the second quarter of 2016.

    "Our second quarter results were in-line with our guidance and we are pleased to report that we are continuing to realize profits despite uncertainties in some of the major solar markets around the world," said Mr. Seong-woo Nam, Chairman and CEO of Hanwha Q CELLS. Mr. Nam continued, "We focused on expanding our footprint in markets with favorable conditions in response to the constantly changing market dynamics."

    "Our 60 cell mono-PERC module, Q.PEAK, with output up to 305 Wp, continues to be well received in the residential market worldwide and is continuing to strengthen our competitiveness throughout all market segments," Mr. Nam remarked. Mr. Nam also stated that the Company is expected to "launch 72-cell mono-PERC modules, with output up to 365 Wp, in the second half of the year."

    Mr. Jay Seo, CFO of Hanwha Q CELLS, said "We are continuing to strengthen our balance sheet by continuing to pay off interest-bearing debt instruments. Our debt-to-equity ratio, as of second quarter end was 361%, down 80% points from year-end 2016." Mr. Seo continued, "Given our capacity to continuously generate positive operating results, we expect to be well positioned to improve our financial position."

    Second Quarter 2017 Results of Operations

    Net Revenues

    - Total net revenues were $577.7 million, up 33.7% from $432.0 million in the first quarter of 2017 and down 9.5% from $638.0 million in the second quarter of 2016.

    Gross Profit and Margin

    - Gross profit in the second quarter of 2017 was $67.2 million, compared with $59.8 million in the first quarter of 2017 and $151.2 million in the second quarter of 2016.
    - Gross margin in the second quarter of 2017 was 11.6%, compared with 13.8% in the first quarter of 2017 and 23.7% in the second quarter of 2016.

    Income from Operations and Operating Margin

    - Income from operations in the second quarter of 2017 was $20.1 million, compared with $28.3 million in the first quarter of 2017 and $84.5 million in the second quarter of 2016.
    - Operating margin in the second quarter of 2017 was 3.5%, compared with 6.6% in the first quarter of 2017 and 13.2% in the second quarter of 2016.
    - Total operating expenses were $47.1 million in the second quarter of 2017, up 49.5% from $31.5 million in the first quarter of 2017 and down 29.4% from $66.7 million in the second quarter of 2016.
    - Selling and marketing expenses were $29.5 million in the second quarter of 2017, up 34.7% from $21.9 million in the first quarter of 2017 and down 10.9% from $33.1 million in the second quarter of 2016.
    - General and administrative expenses were $13.5 million in the second quarter of 2017, down 25.8% from $18.2 million in the first quarter of 2017 and down 31.1% from $19.6 million in the second quarter of 2016.
    - Research and development expenses were $4.1 million in the second quarter of 2017, down 53.4% from $8.8 million in the first quarter of 2017 and down 70.7% from $14.0 million in the second quarter of 2016.

    Net Interest Expense

    - Net interest expense was $9.2 million in the second quarter of 2017, compared with $9.5 million in the first quarter of 2017 and $9.3 million in the second quarter of 2016.

    Foreign Currency Exchange Gain (Loss)

    - Net foreign currency exchange gain was $7.1 million in the second quarter of 2017, compared with a gain of $2.5 million in the first quarter of 2017 and a gain of $1.8 million in the second quarter of 2016.

    Gain (loss) on Change in Fair Value of Derivative Contracts

    - The Company recorded a net loss of $3.0 million in the second quarter of 2017 from the change in fair value of derivatives in hedging activities, compared with a net loss of $0.4 million in the first quarter of 2017 and a net loss of $13.7 million in the second quarter of 2016.

    Income Tax Expense (Benefit)

    - Income tax benefit was $3.0 million in the second quarter of 2017, compared with an income tax expense of $5.4 million in the first quarter of 2017 and an income tax benefit of $8.8 million in the second quarter of 2016.

    Net Income (Loss) and Earnings (Loss) per ADS

    - Net income attributable to the Company's ordinary shareholders was $18.7 million in the second quarter of 2017, compared with net income of $17.6 million in the first quarter of 2017 and net income of $76.8 million in the second quarter of 2016.
    - Earnings per fully diluted ADS on a GAAP basis were $0.22 in the second quarter of 2017, compared with $0.21 in the first quarter of 2017 and $0.92 in the second quarter of 2016.

    Second Quarter 2017 Financial Position

    As of June 30, 2017, the Company had cash and cash equivalents of $331.0 million, compared with $516.1 million as of March 31, 2017. The restricted cash as of June 30, 2017 was $95.0 million, compared with $110.7 million as of March 31, 2017.

    As of June 30, 2017, accounts receivable was $358.4 million, compared with $295.3 million, as of March 31, 2017. Inventories were $337.2 million as of June 30, 2017, compared with $399.3 million as of March 31, 2017.

    As of June 30, 2017, accounts payable was $407.8 million, compared with $464.6 million, as of March 31, 2017.

    Total short-term bank borrowings (including the current portion of long-term bank borrowings) were $635.5 million, an increase of $203.0 million from the first quarter of 2017, due to a reclassification of long-term bank borrowings as short-term borrowings.

    As of June 30, 2017, the Company had total long-term debt (net of current portion and long-term notes) of $336.1 million, a decrease of $306.9 million from the first quarter of 2017. The Company's long-term debt is comprised of bank and government borrowings, to be repaid in installments until their maturities, ranging from one to fourteen years.

    Capital expenditures were $14.0 million in the second quarter of 2017.

    Operations Updates

    Production Capacity

    As of June 30, 2017, the Company's in-house, annualized production capacities were 1,550 MW for ingot, 1,000 MW for wafer, 4,200 MW for cell and 4,200 MW for module.

    By the end of this year, we expect our annual nameplate capacities to reach 1,600 MW for ingot, 1,100 MW for wafer, 4,600 MW for cell and 4,600 MW for module mainly from conversion efficiency improvements and de-bottlenecking of our production operations.

    Furthermore, the Company has additional module availability of up to 2,100 MW (annualized) as of June 30, 2017 from Hanwha Q CELLS Korea Corporation, an affiliate of the Company. Hanwha Q CELLS Korea Corporation is currently ramping-up its capacity with expected capacity of approximately 2,200 MW in the second half of 2017.

    Business Outlook

    Third Quarter and Full Year 2017 Guidance

    For the third quarter of 2017, the Company estimates net revenues in the range of $540 to 560 million.

    For the full year 2017, the Company reiterates its previous guidance of:

    - Total module shipments in the range of 5,500 to 5,700 MW
    - Revenue-recognized module shipments in the range of 5,300 to 5,500 MW
    - Capital expenditures of approximately $50 million for manufacturing technology upgrades and certain R&D related expenditures

    Conference Call

    The Company will host a conference call to discuss the results at 8:00 a.m. Eastern Time (9:00 p.m. Korea Standard Time) on August 10, 2017. The management will discuss the results and take questions following the prepared remarks.

    A live webcast of the conference call will be available on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM or by clicking the following hyperlink: HTTPS://EDGE.MEDIA-SERVER.COM/M6/P/DCYWJ8KQ.

    The dial-in details for the live conference call are as follows:

    International Toll Free Dial-In Number : +65 67135090
    United States : +1 (845) 675-0437
    South Korea : +82 (0)2 6490-3660
    Germany : 08001820671
    United Kingdom : +44 2036214779
    China, Domestic : 8008190121 / 4006208038
    Hong Kong : +852 30186771  

    Passcode: HQCL

    A replay of the call will be available after the conclusion of the conference call on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM and also by dialing the numbers below:

    International Toll Free Dial-In Number : +61 2 8199 0299
    United States : +1 (855) 452-5696
    South Korea : 0079861361602
    Germany : 08001802149
    United Kingdom : 08082340072
    China, Domestic : 8008700206 / 4006322162
    Hong Kong : 800963117  

    Conference ID: 63369727

    Replay time period: August 10, 201711:00 a.m. ET - August 18, 201709:59 a.m. ET

    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 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/.

    Safe Harbor Statement

    This report contains forward-looking statements that are not statements of historical fact. 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. Such statements, particularly statements about our guidance for performance in the third quarter and the full year 2017, involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such risks and uncertainties include pending administrative and civil actions in the United States under existing or potential new statutes and regulations governing trade between the United States and other countries, and potential antidumping, countervailing or other duties imposed on goods imported into the United States, as well as the Company's access to new capacity from an affiliate. Further information regarding these and other risks is included in Hanwha Q CELLS' filings with the 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 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.
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  • Hanwha Q CELLS to Announce Second Quarter 2017 Financial Results on August 10

    Jul 31, 2017 12:00:00 AM

  • SEOUL, South Korea, July 31, 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, today announced that it will release its second quarter 2017 financial results before the market opens on Thursday, August 10, 2017. The Company will host a conference call to discuss the results and updated business outlook at 8:00 AM Eastern Time (9:00 PM Korea Time).

    Conference Call

    A live webcast of the conference call will be available on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM or by clicking the following hyperlink: HTTPS://EDGE.MEDIA-SERVER.COM/M6/P/DCYWJ8KQ.

    The dial-in details for the live conference call are as follows:

    International Toll Free Dial-In Number : +65 67135090
    United States : +1 (845) 675-0437
    South Korea : +82 (0)2 6490-3660
    Germany : 08001820671
    United Kingdom : +44 2036214779
    China, Domestic : 8008190121 / 4006208038
    Hong Kong : +852 30186771

    Passcode: HQCL

    A replay of the call will be available after the conclusion of the conference call on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM and also by dialing the numbers below:

    International Toll Free Dial-In Number : +61 2 8199 0299
    United States : +1 (855) 452-5696
    South Korea : 0079861361602
    Germany : 08001802149
    United Kingdom : 08082340072
    hina, Domestic : 8008700206 / 4006322162
    Hong Kong : 800963117

    Conference ID: 63369727

    Replay time period: August 10, 201711:00 ET -- August 18, 201709:59 ET

    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.

    View original content:HTTP://WWW.PRNEWSWIRE.COM/NEWS-RELEASES/HANWHA-Q-CELLS-TO-ANNOUNCE-SECOND-QUARTER-2017-FINANCIAL-RESULTS-ON-AUGUST-10-300496435.HTML

    SOURCE Hanwha Q CELLS Co., Ltd.

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  • HANWHA Q CELLS BECOMES INTERNATIONAL PARTNER OF RB LEIPZIG

    Jul 25, 2017 12:00:00 AM

    • Hanwha Q CELLS international partner and exclusive partner regardingsolar energy for RB Leipzig
    • Partnership over two years with option for renewal
    • Sponsoring commitment to support the company’s growth targets
    [Thalheim, / Leipzig, Deutschland, July 25, 2017]

    The globally leading solar module manufacturer Hanwha Q CELLS has become international partner of the football club RB Leipzig starting this2017/18 season. The partnership is contracted for two years and includes an option for renewal.
    Hanwha Q CELLS, with its product brand Q CELLS, will be present as a partner of the Red Bulls for national and international advertising measures among other things, including LED perimeter ads and cam-carpets positioned next to the goals as well as the coaching benches of the Red Bull Arena.


    Hanwha Q CELLS is expanding its business activities worldwide. Therefore, strong growth is planned in the market segments of commercial rooftop installations, solar solutions including storage for private households, and utility scale systems. The partnership with RB Leipzig will promote
    Hanwha Q CELLS to increase its brand awareness among power consumers in Germany, Europe, and the rest of world, and to expand the company’s customer base as well as its partnership network.


    Matthias Reichwald, CCO of RB Leipzig, said: "RB Leipzig and Hanwha Q CELLS share a passion for energy, high performance, and quality, and therefore perfectly match each other because of their goals, dynamism, mission, and values. We are pleased to have expanded our partner portfolio with
    another strong brand."


    Seong Woo Nam, CEO of Hanwha Q CELLS Co., Ltd. commented: "Hanwha Q CELLS is proud to become an international partner and exclusive solar partner of RB Leipzig. We are firmly convinced we are entering into a win-win partnership, which offers enormous potential for both parties. While
    we have both grown in parallel so far, we are now looking forward to growing together, side by side."


    Daniel JW Jeong, CTO and head of Hanwha Q CELLS GmbH in Germany, said: "Our global center for technology, innovation, and quality is located in Thalheim, Saxony-Anhalt, which is only 50 kilometers from Leipzig. We have thus a solid close regional relationship with RB Leipzig, despite the
    fact we are a global company. Furthermore, as the exclusive solar partner, we are also planning to jointly develop the possibilities of solar energy for the club."

    About RB Leipzig

    RB Leipzig is a young and aspiring football club located in the eastern part of Germany, about two hours southwest of Berlin. The club was founded in 2009 and made its way from the fifth division to the Bundesliga – one of the top leagues in Europe – by winning four promotions within seven years. The “Red Bulls” – as the club is called by their family friendly and enthusiastic fans – stormed the Bundesliga in their very first season, finishing second behind powerhouse Bayern Munich. As the youngest team of the league, the squad of head coach Ralph Hasenhüttl qualified for Europe’s most prestigious football stage, the Champions League. The story of success is closely connected to sporting director Ralf Rangnick. As the mastermind behind RB Leipzig’s upswing Rangnick implemented a unique and exciting football philosophy into the club that puts great emphasis on young talents and on the development of RB Leipzig’s youth academy. A state of the art training facility was opened in 2015, in which the professional team and the youth teams train and work side-by-side under one roof. The academy consists of more than 25 youth national team players, predicting a bright future to one of the hottest teams in Europe at the moment. For more information, visit: www.dierotenbullen.com

    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

    Kontakt:
    Hanwha Q CELLS GmbH
    Corporate Communications

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Oliver Beckel
    TEL +49 (0)3494 6699 10121
    EMAIL presse@q-cells.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.

  • Hanwha Q CELLS celebrates one billion Q.ANTUM solar cells

    Jul 10, 2017 12:00:00 AM

    • Q.ANTUM solar cell No. 1,000,000,000 was produced and celebrated in the company´s fab in Jincheon, Korea on Monday, July 10, 2017.
    • One billion Q.ANTUM cells equal around 5 GW of production volume since 2012.
    • Hanwha Q CELLS´ CEO Seong-woo Nam emphasized this milestone as an “outstanding demonstration of Hanwha Q CELLS´ industry leadership.”
    Jincheon, Korea, July 10, 2017

    Hanwha Q CELLS Co., Ltd. (“Hanwha Q CELLS” or the “Company”) (Nasdaq: HQCL), today announced they celebrated the commercial mass production of Q.ANTUM solar cell No. 1,000,000,000. The record cell was produced in the company´s manufacturing facility in Jincheon, Korea, on Monday, July 10, 2017. Q.ANTUM is Hanwha Q CELLS´ proprietary cell technology. It is based on the passivation of the solar cell´s rear side (PERC) and a number of additional technological features for higher yields and lower LCOE under real life conditions. Q.ANTUM has been developed in the company´s Center for Technology, Innovation and Quality in Germany, where it since has been improved continuously. The technology has been in commercial mass production since 2012. As of today, Hanwha Q CELLS has commercially mass produced a total volume of around 5 gigawatts of Q.ANTUM solar cells. 

    Seong-woo Nam, CEO of Hanwha Q CELLS, commented: “Having achieved one billion of commercially mass produced Q.ANTUM solar cells is an outstanding milestone for our company and a powerful demonstration of Hanwha Q CELLS´ leadership in solar industry.” Looking to the future, CEO Nam said: “As our core technology platform, we will continue to develop and push Q.ANTUM technology to achieve even higher yields and lower LCOE for our customers.”

    Q.PEAK-G4: MONOCRYSTALLINE Q.ANTUM RANGE

    The monocrystalline Q.ANTUM module range Q.PEAK-G4 is the flagship module line of Hanwha Q CELLS and was introduced to global solar markets in early 2017. It offers high-end performance, top yields in real life conditions and low LCOE. It comes in different product specifications suited to various local markets around the globe. Q.PEAK modules also feature excellent stability and are tested for wind loads up to 4,000 Pa and snow loads up to 5,400 Pa. At the same time the frame design has been optimized with a frame height of 32 mm, leading to a 10 % reduction in logistics and storage costs.

    Q.ANTUM TECHNOLOGY: MORE THAN JUST PERC

    Q.ANTUM is the proprietary solar cell technology platform of Hanwha Q CELLS. While being based on the rear side passivation of the solar cell (PERC), Q.ANTUM offers many additional features that differentiate it from conventional PERC technologies. It combines PID resistance (potential induced degradation), Hot-Spot-Protection and Tra.Q laser marking for 100 % traceability of any cells produced. Moreover, all Q.ANTUM products comply with the strict Hanwha Q CELLS quality standards, including much harsher criteria than regular certification, frequent and repeated testing of samples from running production. The most notable feature of Q.ANTUM technology is, that it controls the degradation effects LID (light induced degradation) and LeTID (light and elevated temperature induced degradation), which can severely reduce the performance of conventional PERC solar modules not only in the first phase, but also throughout the lifetime of operation. Therefore, it is critical for PV customers to select a module manufacturer who understands and controls these effects. While LID mainly appears on monocrystalline solar cells, the LeTID effect was long believed to only appear on multicrystalline wafers. However, this is not the case. Hanwha Q CELLS featured a presentation at the R&D conference ‘Silicon PV’ in Germany in April, showing that LeTID can also significantly reduce the energy yield of monocrystalline PERC solar cells in the early stages of operation. Hanwha Q CELLS is the only manufacturer that not only understands the effect, but has also implemented processes to test and effectively control it. This is reflected in the excellent performance warranties of all Q.ANTUM products. 

    CURRENT MONOCRYSTALLINE Q.ANTUM PRODUCTS

     Q.PEAK - G4.1: monocrystalline 60-cell Q.ANTUM solar module, power ratings of up to 310 Wp, maximum yields in residential applications, available in North America, Europe, Northern Asia, and Oceania

     Q.PEAK BLK - G4.1: All black monocrystalline 60-cell Q.ANTUM solar module, power ratings of up to 300 Wp, top yields and intriguing aesthetics, available in North America, Europe and Northern Asia

     Q.PEAK S - G4.1: monocrystalline 48-cell Q.ANTUM solar module, power ratings of up to 240 Wp, for small and angled roofs, available in Northern Asia

     Q.PEAK XS - G4.1: monocrystalline 32-cell Q.ANTUM solar module, power ratings of up to 165 Wp, for even the smallest and sharply angled roofs, available in Northern Asia

     Intersolar Award winner – Q.PEAK RSF L - G4.1: monocrystalline 72-cell Q.ANTUM solar module with an innovative reinforced steel frame and a decentralized junction box for utility scale applications. Power ratings of up to 375 Wp for lowest LCOE and optimized manageability. The module was first presented at Intersolar Europe 2017 where it immediately won the Intersolar Award 2017 in the category photovoltaics. It will first be installed in large-scale projects with dedicated customers before release on the open market.

    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 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 10 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.

    Contact

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Oliver Beckel
    TEL +49 (0)3494 6699 1012 
    EMAIL presse@q-cells.com

  • Hanwha Q CELLS start solar market offensive In europe

    Jul 3, 2017 12:00:00 AM

    • 2Hanwha Q CELLS aims for market leadership in all market segments in Europe
    • Self-developed flat roof system Q.FLAT-G4 for commercial and industrial (C&I) market segments and Q.HOME+ ESS-G.1 storage solution for the residential segment introduced
    • Growing Q.PARTNER network deepens market penetration in rooftop markets
    • Hanwha Q CELLS fully eligible to participate in solar tenders in France
    Thalheim, Germany, July 3 2017

    Hanwha Q CELLS Co., Ltd. (“Hanwha Q CELLS” or the “Company”) (Nasdaq: HQCL), the world´s largest producer of in-house solar cells in 2016, is on a strong growth path in European solar markets and has now announced to launch an additional offensive in all market segments in Europe. “European solar customers are looking for high performance and high quality from a stable and highly bankable partner”, says Maengyoon Kim, Head of EU Sales at Hanwha Q CELLS. “Our solar module portfolio based on the proprietary Q.ANTUM technology delivers just that, but in addition, the customers require individual solutions. That´s why we have now added a new PV solution range for the commercial and industrial segment (C&I) as well as for home owners to our Q.ANTUM based product portfolio.” Maengyoon Kim added: “We are aiming for overall market leadership in Europe!”

    Growing rooftop segment in Europe while maintaining pure module sales

    Coming from a sales approach largely driven by module sales into larger scale solar projects, 
    Hanwha Q CELLS now has a twofold sales strategy in Europe: While maintaining the pure module sales business, the company has been realizing enormous growth in the rooftop segments. These include rooftop PV systems for companies in commerce and industry just as well as the residential customers, which are both being served via the company´s Q.PARTNER network of installers. In order to further support the growth in these two segments, Hanwha Q CELLS has now introduced two solar system solutions (described below). With regards to utility scale module sales, France has been growing in importance, since the company recently obtained the CRE3 and CRE4 Certolis certificate fully confirming the low carbon footprint of products from their Q CELLS brand. Thus, the company is fully eligible to participate in CRE4-2 rooftop tenders in France, which will close on July 7, 2017.

    New Q CELLS solar solutions for commercial and residential rooftop segments
    Q.FLAT-G4: optimized solar system for flat roofs in commerce and industry

    Q.FLAT-G4 is a system solution for flat roofs consisting of Q.ANTUM based solar modules and a self-developed triangular mounting structure. It is designed to maximize the energy yield of the solar system on a given roof space. Thus, companies in industry and commerce can disconnect from rising energy prices and lower their energy bills while at the same time improving their sustainability. Q.FLAT-G4 offers installers an efficient system planning with the Q CELLS rooftop planner software solution. Moreover, the installation of Q.FLAT-G4 is easy and fast with only one type of tool needed and without having to penetrate the roof structure. Moreover, Q.FLAT-G4 is the perfect fit for the use of Q CELLS´s Q.ANTUM solar modules.

    Q.HOME+ ESS- G1: storage solution for home owners

    A Samsung lithium ion battery, a PV inverter, a battery inverter, a 10 year product warranty and web + mobile monitoring – that´s Q.HOME+ ESS-G1. This new storage solution provided by Q CELLS is available in three different versions with capacities of 3.6 kWh, 5.5 kWh and 8 kWh for different solar system sizes and corresponding energy needs. Q.HOME+ ESS-G.1 is being marketed via the company´s Q.PARTNER network and is available with or without a Q CELLS solar system.

    Q.ANTUM: MORE THAN JUST PERC

    All new solar solutions are being equipped with high performance solar modules from Q CELLS, based on the company´s proprietary Q.ANTUM technology. It is based on the rear side passivation of the solar cell (PERC) and offers many additional features that differentiate it from conventional PERC technologies. Especially, controlling the various degradation effects, PID (potential induced degradation, LID (light induced degradation) and LeTID (light and elevated temperature induced degradation), are strengths of Q.ANTUM technology. Additionally, Q.ANTUM features Hot-Spot-Protect and Tra.Q laser marking for 100 % traceability of any cells produced as well as the strict Q CELLS quality standards. Around 5 GW of commercially mass produced Q.ANTUM solar cells show Hanwha Q CELLS´ leadership position in PERC based high performance technologies. 

    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 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 10 business enterprise in South Korea. For more information, visit: http://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.

    Contact

    Hanwha Q CELLS GmbH 
    Corporate Communications
    Jochen Endle, Oliver Beckel 
    TEL +49 (0)3494 6699 1012 
    EMAIL presse@q-cells.com

  • Intersolar Award 2017 goes to Hanwha Q CELLS' reinforced steel frame module innovation

    May 31, 2017 12:00:00 AM

    • The Q.PEAK RSF L-G4.2 convinces Intersolar Award jury with reinforced steel-frame concept and many additional innovations
    • Reinforced steel frame design, decentralized junction box, easy mounting system and Q.ANTUM technology combine numerous advantages for higher yields and system performance as well as lower installation cost and lower LCOE
    • Hanwha Q CELLS CTO Ph.D. Daniel JW Jeong said: “Our steel frame module has a good chance of setting the next industry standard for utility scale solar modules.”
    Munich, Germany, May 31, 2017

    Hanwha Q CELLS Co., Ltd. (“Hanwha Q CELLS” or the “Company”) (Nasdaq: HQCL), has won the Intersolar Award 2017 in the category Photovoltaics. The jury judged Hanwha Q CELLS´ Q.PEAK RSF L-G4.2 solar module as the most innovative out of ten shortlisted entries and out of 51 applications in total. Receiving the award on behalf of Hanwha Q CELLS, the company´s Global CTO, Ph.D. Daniel JW Jeong, said: “We are very pleased about the judgement of the Intersolar Award Jury. Our new steel frame module combines a number of innovations on different levels with our high performance cell technology Q.ANTUM. The improvements in terms of performance, installation cost and LCOE are such that we believe this technology is likely to be setting the next industry standard regarding solar modules for utility scale applications.”

    Q.PEAK RSF L-G4.2: THE NEXT LEVEL OF UTILITY SCALE SOLAR MODULES
    Q.PEAK RSF L - G4.1 is a monocrystalline 72-cell Q.ANTUM solar module ready for a maximum system voltage of 1.500 V and combining the following innovations to reach lowest LCOE:

     Q CELLS Reinforced Steel Frame technology
    - Framing concept based on innovative steel coated with alloy of zinc-aluminium-magnesium
    - 10 times better corrosion resistance compared to galvanised steel
    - Self-repairing mechanism for cut edges

     Decentralized Q.BOX
    - Decentralised junction box with pluggable MC4-connectors in upper corners of the module 
    - Cable length can be customized to fit perfectly to any installation
    - Lower losses from electrical resistance due to optimised cable length
    - Faster and safer installation

     Easy Mounting System
    - Only small mounting key and self-tapping screw needed to fix modules on mounting structure
    - Reduction of installation time on a standing mounting structure by over 60% compared to standard systems with clamp mounting
    - Modules can be mounted without any gap between modules, thus reducing installation size or increasing total system power
    - Safes a large amount of mounting materials 

     Q CELLS proprietary Q.ANTUM cell technology 
    - Rear side passivated monocrystalline solar cells for power classes up to 375 Wp
    - Strongest standard 72 cell module on the market
    - High power density leads to low BoS costs
    - Q CELLS Yield Security: Anti LeTID, Anti LID, Anti PID, Hot-Spot Protect, Tra.Q

    About Hanwha Q CELLS

    Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) is a global leading photovoltaic manufacturer of high-performance, high-quality solar cells and modules. Headquartered in Seoul, South Korea, it has Technology and Innovation HQ in Thalheim, Germany and manufacturing facilities in Malaysia and China. Hanwha Q CELLS offers solar modules, photovoltaic systems solution and large-scale solar power plants. Through its growing global business network spanning North America, Asia, Europe, South America, 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 10 business enterprise in South Korea. For more information, visit: http://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.

    Contact

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Oliver Beckel
    TEL +49 (0)3494 6699 1012
    EMAIL presse@q-cells.com

    Source: Hanwha Q CELLS Co., Ltd

  • Hanwha Q CELLS Reports First Quarter 2017 Results

    May 25, 2017 12:00:00 AM

  • SEOUL, South Korea, May 25, 2017 /PRNewswire/ -- Hanwha Q CELLS Co., Ltd. ("Hanwha Q CELLS" or the "Company") (NASDAQ: HQCL), a global leading photovoltaic manufacturer of high-performance, high-quality solar modules, today reported its unaudited financial results for the first quarter ended March 31, 2017. The Company will host a conference call to discuss the results at 8:00 am Eastern Time (9:00 pm Korea Standard Time) on May 25, 2017.

    First Quarter 2017 Highlights

    - Net revenues were $432.0 million, compared with $565.2 million in the fourth quarter of 2016 and $514.9 million in the first quarter of 2016.
    - Gross margin was 13.8%, compared with 7.0% in the fourth quarter of 2016 and 21.2% in the first quarter of 2016.
    - Operating income was $28.3 million, compared with operating loss of $21.5 million in the fourth quarter of 2016 and operating income of $56.7 million in the first quarter of 2016.
    - Net income attributable to Company's ordinary shareholders was $17.6 million, compared with net loss of $18.5 million in the fourth quarter of 2016 and net income of $27.5 million in the first quarter of 2016.
    - Earnings per fully diluted American Depositary Share ("ADS" and each ADS represents 50 of the Company's ordinary shares) were $0.21, compared with loss per fully diluted ADS of $0.22 in the fourth quarter of 2016 and earnings per fully diluted ADS of $0.33 in the first quarter of 2016.

    "Our first quarter results were modestly ahead of our plan and we are pleased to report that we have returned to a profitable quarter despite a challenging industry environment," said Mr. Seong-woo Nam, Chairman and CEO of Hanwha Q CELLS. Mr. Nam continued "We have been focusing on strengthening our sales backlog early on to increase our operational visibility in 2017 while diversifying our regional and segmental business profile to better navigate different market cycles."

    "From our products side, we are now offering a more balanced products portfolio with an official launch of our proprietary mono-PERC module series, called Q.PEAK," Mr. Nam remarked. "Our first launch was made in the United States, Europe, Japan and Australia with 60-cell modules reaching up to 305 Wp in the first quarter. This will be followed by the launch of 72-cell modules reaching up to 370 Wp in the second half of this year. Our new mono-PERC modules are already in high demand, and we are excited that our stronger product line-up will enable us to compete more effectively in the broader market segments."

    Mr. Jay Seo, CFO of Hanwha Q CELLS, said "We are making good progress strengthening our balance sheet by continuing to pay off certain interest-bearing instruments and we have brought down our net debt-to-equity ratio to 125% this quarter compared with 191% in the previous quarter." Mr. Seo continued, "We believe that we are well-positioned to navigate through different industry cycles with our strong technology, product portfolios and cost competitiveness, and we'll prudently manage our operations to continue sustainable growth."

    First Quarter 2017 Financial Results

    Net Revenues

    - Total net revenues were $432.0 million, down 23.6% from $565.2 million in the fourth quarter of 2016 and down 16.1% from $514.9 million in the first quarter of 2016.

    Gross Profit and Margin

    - Gross profit in the first quarter of 2017 was $59.8 million, compared with $39.6 million in the fourth quarter of 2016 and $109.0 million in the first quarter of 2016.
    - Gross margin in the first quarter of 2017 was 13.8%, compared with 7.0% in the fourth quarter of 2016 and 21.2% in the first quarter of 2016.

    Income from Operations and Operating Margin

    - Income from operations in the first quarter of 2017 was $28.3 million, compared with a loss from operations of $21.5 million in the fourth quarter of 2016 and income from operations of $56.7 million in the first quarter of 2016.
    - Operating margin in the first quarter of 2017 was 6.6%, compared with -3.8% in the fourth quarter of 2016 and 11.0% in the first quarter of 2016.
    - Total operating expenses were $31.5 million in the first quarter of 2017, down 48.4% from $61.1 million in the fourth quarter of 2016 and down 39.8% from $52.3 million in the first quarter of 2016.
    - Selling and marketing expenses were $21.9 million in the first quarter of 2017, down 21.2% from $27.8 million in the fourth quarter of 2016 and down 3.9% from $22.8 million in the first quarter of 2016.
    - General and administrative expenses were $18.2 million in the first quarter of 2017, down 13.3% from $21.0 million in the fourth quarter of 2016 and up 1.7% from $17.9 million in the first quarter of 2016.
    - Research and development expenses were $8.8 million in the first quarter of 2017, down 24.1% from $11.6 million in the fourth quarter of 2016 and down 24.1% from $11.6 million in the first quarter of 2016.

    Net Interest Expense

    - Net interest expense was $9.5 million in the first quarter of 2017, compared with $12.0 million in the fourth quarter of 2016 and $12.8 million in the first quarter of 2016. This was largely due to the payment of principal on certain interest-bearing debt instruments.

    Foreign Currency Exchange Gain (Loss)

    - Net foreign currency exchange gain was $2.5 million in the first quarter of 2017, compared with a net loss of $6.9 million in the fourth quarter of 2016 and net gain of $4.0 million in the first quarter of 2016.

    Gain (loss) on Change in Fair Value of Derivative Contracts

    - The Company recorded a net loss of $0.4 million in the first quarter of 2017 from the change in fair value of derivatives in hedging activities, compared with a net gain of $6.7 million in the fourth quarter of 2016 and a net loss of $15.3 million in the first quarter of 2016.         

    Income Tax Expense (Benefit)

    - Income tax expense was $5.4 million in the first quarter of 2017, compared with an income tax benefit of $10.4 million in the fourth quarter of 2016 and an income tax expense of $4.6 million in the first quarter of 2016.

    Net Income (Loss) and Earnings (Loss) per ADS

    - Net income attributable to Company's ordinary shareholders was $17.6 million in the first quarter of 2017, compared with net loss of $18.5 million in the fourth quarter of 2016 and net income of $27.5 million in the first quarter of 2016.
    - Earnings per fully diluted ADS on a GAAP basis were $0.21 in the first quarter of 2017, compared with loss per fully diluted ADS of $0.22 in the fourth quarter of 2016 and earnings per fully diluted ADS of $0.33 in the first quarter of 2016.

    Financial Position

    As of March 31, 2017, the Company had cash and cash equivalents of $516.1 million, compared with $390.0 million as of December 31, 2016. The restricted cash as of March 31, 2017 was $110.7 million, compared with $116.8 million as of December 31, 2016.

    As of March 31, 2017, accounts receivable was $295.3 million, compared with $328.1 million, as of December 31, 2016. Inventories were $399.3 million as of March 31, 2017, compared with $338.5 million as of December 31, 2016.

    Total short-term bank borrowings (including the current portion of long-term bank borrowings) were $432.5 million, a decrease of $95.4 million from the fourth quarter of 2016, due to the repayment of certain bank loans.

    As of March 31, 2017, the Company had total long-term debt (net of current portion and long-term notes) of $643.0 million, a decrease of $0.7 million from the fourth quarter of 2016. The Company's long-term bank and government borrowings are to be repaid in installments until their maturities, which range from one to fourteen years.

    Net cash provided by operating activities was $234.5 million in the first quarter of 2017.

    Capital expenditures were $11.9 million in the first quarter of 2017.

    Operations Updates

    Production Capacity

    As of March 31, 2017, the Company's in-house, annualized production capacities were 1,550 MW for ingot, 1,000 MW for wafer, 4,200 MW for cell and 4,200 MW for module.

    By the end of this year, we expect our annual nameplate capacities to reach 1,600 MW for ingot, 1,100 MW for wafer, 4,600 MW for cell and 4,600 MW for module mainly from conversion efficiency improvement and debottlenecking of our production operations.

    Furthermore, the Company has additional module availability of up to 1,800 MW (annualized) as of March 31, 2017 from Hanwha Q CELLS Korea Corporation, an affiliate of the Company. Hanwha Q CELLS Korea Corporation is currently expanding its capacity with expected capacity of approximately 2,200 MW respectively in the second half of 2017.

    Business Outlook

    Second Quarter and Full Year 2017 Guidance

    For the second quarter of 2017, the Company estimates net revenues in the range of $560 to 580 million.

    For the full year 2017, the Company reiterates its previous guidance of:

    - Total module shipments in the range of 5,500 to 5,700 MW
    - Revenue-recognized module shipments in the range of 5,300 to 5,500 MW
    - Capital expenditures of approximately $50 million for manufacturing technology upgrades and certain R&D related expenditures

    Conference Call

    The Company will host a conference call to discuss the results at 8:00 am Eastern Time (9:00 pm Korea Standard Time) on May 25, 2017. The management will discuss the results and take questions following the prepared remarks.

    A live webcast of the conference call will be available on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM or by clicking the following hyperlink: HTTP://EDGE.MEDIA-SERVER.COM/M/P/IAR4Z3GN.

    The dial-in details for the live conference call are as follows:

    International Toll Free Dial-In Number : +65 67135090
    United States : +1 (845) 675-0437
    South Korea : +82 (0)2 6490-3660
    Germany : 08001820671
    United Kingdom : +44 2036214779
    China, Domestic : 8008190121 / 4006208038
    Hong Kong : +852 30186771  

    Passcode: HQCL

    A replay of the call will be available after the conclusion of the conference call on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM and also by dialing numbers below:

    International Toll Free Dial-In Number : +61 2 8199 0299
    United States : +1 (855) 452-5696
    South Korea : 0079861361602
    Germany : 08001802149
    United Kingdom : 08082340072
    China, Domestic : 8008700206 / 4006322162
    Hong Kong : 800963117  

    Conference ID: 22649435

    Replay time period: May 25, 201711:00 ET - June 2, 201709:59 ET

    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 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 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 10 business enterprise in South Korea. For more information, visit: HTTP://WWW.HANWHA-QCELLS.COM/.

    Safe Harbor Statement

    This report contains forward-looking statements that are not statements of historical fact. 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. Such statements, particularly statements about our guidance for performance in the second quarter and the full year 2017, involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in Hanwha Q CELLS' filings with the 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 any forward-looking statements, whether as a result of new information, future events or otherwise.

    To view the original version on PR Newswire, visit:HTTP://WWW.PRNEWSWIRE.COM/NEWS-RELEASES/HANWHA-Q-CELLS-REPORTS-FIRST-QUARTER-2017-RESULTS-300463821.HTML

    SOURCE Hanwha Q CELLS Co., Ltd.
    News Provided by Acquire Media

  • 5 GW of Q.ANTUM solar cell technology: Hanwha Q CELLS to present Q.ANTUM PV solutions at Intersolar Europe

    May 24, 2017 12:00:00 AM

    • More than 5GW of commercially mass-produced Q.ANTUM solar cells demonstrate Hanwha Q CELLS´ industry leadership in PERC technology
    • At booth A1 270, Hanwha Q CELLS will showcase its Q.ANTUM based PV portfolio
    • Innovative Q.PEAK steel frame module shortlisted for Intersolar Award 2017
    Thalheim, Germany, May 24, 2017

     Hanwha Q CELLS Co., Ltd. (“Hanwha Q CELLS” or the “Company”) (Nasdaq: HQCL), the world´s largest producer of in-house solar cells in 2016, has reached a total of 5 GW of its proprietary Q.ANTUM solar cells from commercial mass production. In addition, Hanwha Q CELLS expects to reach the milestone figure of one billion mass produced Q.ANTUM solar cells by the end of the first half of 2017. These figures demonstrate Q.ANTUM as being the most commercially mature PERC-based technology and show Hanwha Q CELLS´ industry leadership in PERC technology. 

    Q.ANTUM is the cell technology at the core of Hanwha Q CELLS´ PV product and solution portfolio, which the company will exhibit at Intersolar Europe in Munich from May 31 until June 2, 2017. Visitors will be able to experience multicrystalline and monocrystalline Q.ANTUM modules, including the first displaying of Q.PEAK RS L-G4.2, a monocrystalline Q.ANTUM module with an innovative steel frame and a decentralized junction box. The module has been shortlisted in three different PV awards, including Intersolar Award 2017.

    Q.ANTUM: MORE THAN JUST PERC

    Q.ANTUM is the proprietary solar cell technology platform of Hanwha Q CELLS. While being based on the rear side passivation of the solar cell (PERC), Q.ANTUM offers many additional features that differentiate it from conventional PERC technologies. Especially, controlling the various degradation effects, PID (potential induced degradation, LID (light induced degradation) and LeTID (light and elevated temperature induced degradation), is a strength of Q.ANTUM technology. Hanwha Q CELLS featured a presentation at the R&D conference ‘Silicon PV’ in Germany in April, showing that LeTID doesn´t only appear on multicrystalline materials, but can also significantly reduce the energy yield of monocrystalline PERC solar cells in early operation stages. Hanwha Q CELLS not only understands the effect, but also implemented processes to control it effectively. This also reflects in the excellent performance warranties of all Q.ANTUM products. Additionally, Q.ANTUM features Hot-Spot-Protect and Tra.Q laser marking for 100 % traceability of any cells produced as well as the strict Q CELLS quality standards. 

    Q CELLS PRODUCT AND BOOTH HIGHLIGHTS AT INTERSOLAR EUROPE 2017
    Solar Modules:

     Q.PEAK RSF L - G4.1: monocrystalline 72-cell Q.ANTUM solar module with innovative reinforced steel frame and decentralized junction box. Power ratings of up to 375 Wp for lowest LCOE and optimized manageability.  shortlisted in 3 innovation awards incl. Intersolar Award 2017
     Q.PEAK - G4.1: monocrystalline 60-cell Q.ANTUM solar module with power ratings of up to 305 Wp offering maximum energy yield under real conditions
     Q.PEAK BLK - G4.1: all black monocrystalline 60-cell Q.ANTUM solar module with power ratings of up to 295 Wp offering top energy yield along with intriguing aesthetics
     Q.PLUS BFR - G4.1: multicrystalline 60-cell Q.ANTUM solar module with power classes of up to 285 Wp offering high energy yields and an excellent price-performance-ratio

    Solar Solutions:

     Q.FLAT: The Q CELLS flat roof PV system including Q.ANTUM solar modules and dedicated mounting system for an easy installation.
     Q.HOME+ ESS - G1: The Q CELLS energy storage solution for residential PV systems. Combines a lithium-ion battery (different sizes) with a power inverter and a battery charger

    Booth highlights:

     Live Q.FLAT installation race against the clock will show the easy and fast installation of Q.FLAT and prove the advantages of a tailor-made flat roof system. 
     Live introductions of the Q CELLS rooftop planner and the Q.HOME+ ESS - G1 storage solution.

    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 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 10 business enterprise in South Korea. For more information, visit: http://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.

    Contact

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Oliver Beckel
    TEL +49 (0)3494 6699 1012
    EMAIL presse@q-cells.com

    Source: Hanwha Q CELLS Co., Ltd

  • Hanwha Q CELLS Ready to Equip Solar Tenders in France with High Power and Low Carbon Footprint Solar Modules

    May 23, 2017 12:00:00 AM

    • Certisolis officially certified solar modules of the Q CELLS brand confirming their low carbon footprint
    • Hanwha Q CELLS fully eligible to participate in solar tenders in France
    • Hanwha Q CELLS aiming for EU market leadership
    [Thalheim, Germany, May 23, 2017]

    Hanwha Q CELLS Co., Ltd. (“Hanwha Q CELLS” or the “Company”) (Nasdaq: HQCL), the world´s largest producer of solar cells in 2016, is fully eligible to participate in CRE4 tenders in France. Certisolis has certified that solar modules of the company´s Q CELLS brand have a very low carbon footprint and fulfill all criteria for CRE3 and CRE4 tenders in France. To receive the certificate, Q CELLS modules were tested along the entire life cycle and reached outstanding results against the criteria of the French Energy Regulation Commission (CRE).

    Maengyoon Kim, Head of EU Sales commented: “The Certisolis certificate makes Q CELLS a favorable choice for project developers and EPC´s in France. For tenders, they can now benefit from excellent performance and quality “Engineered in Germany”, strong bankability and a very low carbon footprint. This combination is only available at Q CELLS.”

    Hanwha Q CELLS: Growing market share in France and Europe

    The certificate in France opens way for Hanwha Q CELLS to gain additional market share in France and reach its ambitious growth targets in the European solar markets. The company has been significantly expanding its international production capacity over the last two years to now 5.7 GW and planned 6.8 GW by Q4 of 2017. This enables Hanwha Q CELLS to deliver growing quantities of their high performance and high quality Q CELLS solar modules to customers in the EU. Maengyoon Kim said: “We are aiming for market leadership in all relevant European solar markets within this and the next year.”

    Q.ANTUM makes the difference

    Mono- and multicrystalline Q CELLS products reach their high performance and low LCOE thanks to the company´s proprietary Q.ANTUM technology. It is based on rear surface passivation of the solar cell (PERC), in which sunlight is reflected from the rear surface back into the cell, where it can be transformed into more electricity. In addition, Q.ANTUM comprises a number of other technological features, like an outstanding protection from common degradation effects such as PID, LID and LeTID. Together, they result in solar modules with significantly more power in a variety of conditions, including low-light and high temperatures. Q.ANTUM is arguably the most mature PERC-based technology in photovoltaic industry. This is backed by the over 4.5 gigawatts of Q.ANTUM solar cells mass-produced since 2012.

    About Hanwha Q CELLS

    Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) is a global leading photovoltaic manufacturer of high-performance, high-quality solar cells and modules. Headquartered in Seoul, South Korea, it has Technology and Innovation HQ in Thalheim, Germany and manufacturing facilities in Malaysia and China. Hanwha Q CELLS offers solar modules, photovoltaic systems solution and large-scale solar power plants. Through its growing global business network spanning North America, Asia, Europe, South America, 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: http://www.hanwha-qcells.com.

    Contact

    Hanwha Q CELLS
    Corporate Communications
    Jochen Endle, Oliver Beckel
    TEL. +49 (0)3494 6699 10121
    EMAIL presse@q-cells.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.

  • Hanwha Q CELLS to Announce First Quarter 2017 Financial Results on May 25

    May 12, 2017 12:00:00 AM

  • SEOUL, South Korea, May 12, 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, today announced that it will release its first quarter 2017 financial results before the market opens on Thursday, May 25, 2017. The Company will host a conference call to discuss the results and updated business outlook at 8:00 AM Eastern Time (9:00 PM Korea time).

    Conference Call

    A live webcast of the conference call will be available on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM or by clicking the following hyperlink: HTTP://EDGE.MEDIA-SERVER.COM/M/P/IAR4Z3GN.

    The dial-in details for the live conference call are as follows:

    International Toll Free Dial-In Number : +65 67135090
    United States : +1 (845) 675-0437
    South Korea : +82 (0)2 6490-3660
    Germany : 08001820671
    United Kingdom : +44 2036214779
    China, Domestic : 8008190121 / 4006208038
    Hong Kong : +852 30186771

    Passcode: HQCL

    A replay of the call will be available after the conclusion of the conference call on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM and also by dialing numbers below:

    International Toll Free Dial-In Number : +61 2 8199 0299
    United States : +1 (855) 452-5696
    South Korea : 0079861361602
    Germany : 08001802149
    United Kingdom : 08082340072
    China, Domestic : 8008700206 / 4006322162
    Hong Kong : 800963117

    Conference ID: 22649435

    Replay time period: May 25, 201711:00 ET - June 2, 201709:59 ET

    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 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 10 business enterprise in South Korea. For more information, visit: HTTP://WWW.HANWHA-QCELLS.COM.

    To view the original version on PR Newswire, visit:HTTP://WWW.PRNEWSWIRE.COM/NEWS-RELEASES/HANWHA-Q-CELLS-TO-ANNOUNCE-FIRST-QUARTER-2017-FINANCIAL-RESULTS-ON-MAY-25-300456704.HTML

    SOURCE Hanwha Q CELLS Co., Ltd.

     

    News Provided by Acquire Media

  • solar-konzept and Hanwha Q CELLS grid connect two solar power plants totalling 16.4 MW in northern Germany

    May 2, 2017 12:00:00 AM

    • Hanwha Q CELLS supplied close to 60,000 solar modules for two PV plants of solar-konzept GmbH in Zarrentin am Schaalsee
    • Both projects were grid connected on May 2, 2017
    • Q.PLUS solar modules with Q.ANTUM technology win solar-konzept over with high yield and low levelized costs of electricity (LCOE)
    Thalheim, Germany, May 2, 2017

    Hanwha Q CELLS GmbH, German subsidiary of the globally leading solar module manufacturer Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL), and solar-konzept GmbH have put two solar power plants totalling 16.4 MW into operation in Mecklenburg-Vorpommern in Germany. The companies made the announcement today in a joint statement. solar-konzept GmbH has developed and built the two photovoltaic power plants on adjoining plots in the Zarrentin am Schaalsee region. Hanwha Q CELLS supplied close to 60.000 Q CELLS brand photovoltaic modules for two solar parks, where they will generate over 17,000 MWh of clean energy a year and save around 10,000 tons of CO2. The sustainable electricity from the plant is produced by Q.PLUS BFR-G4.1 Q CELLS solar modules with 275 Wp and fed into the power grid. Q CELLS modules have set themselves apart from the competition based on the superior yield which they attain even in low-light conditions and at high temperatures, thanks to Q.ANTUM technology. This lets you cut down on LCOE and increase the efficiency of your plant.­

    Karen Kedziora, Managing Director of solar-konzept GmbH, says: "With around 140 MW worth of completed solar projects in Germany, solar-konzept is an experienced photovoltaic developer and implementer. We know the difference that the power and quality of the solar modules make for a solar power plant. And that's why we're thrilled to have found such a reputable and reliable module supplier as Hanwha Q CELLS for both large projects in Mecklenburg-Vorpommern." Marco Schweitzer, Key Account Manager at Hanwha Q CELLS, commented: "We'd like to thank solar-konzept GmbH for entrusting us with this large project. Thanks to Q.ANTUM technology, our Q.PLUS BFR-G4.1 solar modules will be able to reward this trust with power and endurance".

    Q.ANTUM makes the difference

    Hanwha Q CELLS developed, matured, and marketed Q.ANTUM technology. It is based on rear surface passivation of the solar cell (PERC), in which sunlight is reflected from the rear surface back into the cell, where it can be transformed into more electricity. In addition, Q.ANTUM comprises a number of other technological features. Together, they result in solar modules with significantly more power in a variety of conditions, including low-light in the morning and evening hours or in cloudy weather and at high temperatures in the summer. Q.ANTUM is arguably the most mature PERC-based technology in the photovoltaic industry. This is backed by the over 3.7 gigawatts of Q.ANTUM solar cells mass produced since 2012, as well as the latest efficiency world record set by a Q.ANTUM prototype in June 2016. The prototype was the first standard-sized multicrystalline solar module to reach 19.5% module efficiency and break the 300 W barrier.

    About Hanwha Q CELLS

    Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) is a global leading photovoltaic manufacturer of high-performance, high-quality solar cells and modules. Headquartered in Seoul, South Korea, it has Technology and Innovation HQ in Thalheim, Germany and manufacturing facilities in Malaysia and China. Hanwha Q CELLS offers solar modules, photovoltaic systems solution and large-scale solar power plants. Through its growing global business network spanning North America, Asia, Europe, South America, 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 10 business enterprise in South Korea. For more information, visit: http://www.hanwha-qcells.com.

    About solar-konzept

    solar-konzept is a German based company with more than thirteen years of project experience. We develop and structure sustainable investments for large-scale photovoltaic projects. We cover the entire value chain in a project life from early stage development, engineering and construction, quality management and operation and maintenance. Here we pursue a policy of fair and partnership-oriented cooperation with the individual project partners. Since its establishment in 2003, solar-konzept has completed photovoltaic projects totalling over 137 MWp, all of which meet the demanding requirements for technical quality and perform in line with the economic projections. We are currently looking for PV projects of 500 kWp and upwards that are completed or under development, on open spaces or roofs, with a focus on Germany, the Netherlands and Europe in general.

    Visit us at: http://www.solar-konzept.de/home-eng

    Contact

    Hanwha Q CELLS
    Corporate Communications
    Jochen Endle, Oliver Beckel
    TEL +49 (0)3494 6699 10121
    EMAIL presse@q-cells.com

  • Hanwha Q CELLS Files its 2016 Annual Report on Form 20-F

    May 1, 2017 12:00:00 AM

  • SEOUL, South Korea, May 1, 2017 /PRNewswire/ -- Hanwha Q CELLS Co., Ltd. ("Hanwha Q CELLS"), one of the world's largest photovoltaic ("PV") manufacturers of high-performance, high-quality solar cells and modules, today announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2016 with the U.S. Securities and Exchange Commission ("SEC") on May 1, 2017. The annual report on Form 20-F is available on the Company's website at HTTP://WWW.HANWHA-QCELLS.COM and also on the SEC's website at WWW.SEC.GOV.

    The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed for the attention of the Investor Relations Department to, Hanwha Q CELLS, Co. Ltd., Hanwha Building, 86 Cheonggyecheon-ro, Jung-gu, Seoul, Korea.

    About Hanwha Q CELLS

    Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL) is a global leading PV manufacturer of high-performance, high-quality solar cells and modules. With global headquarters in Seoul, South Korea, Hanwha Q CELLS maintains an Technology and Innovation center in Thalheim, Germany and manufacturing facilities in Malaysia and China. Hanwha Q CELLS offers solar modules, PV systems solution and large-scale solar power plants. Through its growing global business network spanning North America, Asia, Europe, South America, 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 10 business enterprise in South Korea. For more information, visit: HTTP://WWW.HANWHA-QCELLS.COM.

    Safe-Harbor Statement

    This release and the annual report on Form 20-F to which it refers contain 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. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in Hanwha Q CELLS' filings with the 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 any forward-looking statements, whether as a result of new information, future events or otherwise.

    To view the original version on PR Newswire, visit:HTTP://WWW.PRNEWSWIRE.COM/NEWS-RELEASES/HANWHA-Q-CELLS-FILES-ITS-2016-ANNUAL-REPORT-ON-FORM-20-F-300448569.HTML

    SOURCE Hanwha Q CELLS Co., Ltd.

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  • Q.PEAK Launch in Europe: HANWHA Q CELLS Introduces Monocrystalline Q.ANTUM Solar Module Series

    Apr 13, 2017 12:00:00 AM

    • Q.PEAK-G4.1 with power classes up to 305 Wp and Q.PEAK BLK-G4.1 with power classes up to 295 Wp now available in Europe
    • Anti LID Technology (ALT) protects against Light-Induced Degradation
    • Q.ANTUM technology matured with more than 600 million solar cells produced since 2012, equaling more than 3 GW
    Berlin / Thalheim, 13/04/2017

    Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL), one of the world´s largest producer of solar modules with high quality in-house solar cells, introduces the next generation of its high-performance module series Q.PEAK to PV markets in Europe. The new solar modules combine monocrystalline high-performance wafers with Hanwha Q CELLS “Engineered in Germany” Q.ANTUM cell technology. The Q.PEAK module series is now available for European customers in two variations: as Q.PEAK-G4.1 with black frame and white back sheet and as the all black Q.PEAK BLK-G4.1. The Q.PEAK-G4.1 comes in power classes ranging from 295 Wp to 305 Wp and efficiencies of up to 18.6 %, making it highly attractive for residential customers. Power classes for Q.PEAK BLK-G4.1 range from 285 Wp up to 295 Wp, with efficiencies of up to 18.0%.

    “We are excited to present our new monocrystalline high-performance solar modules to residential customers in Europe”, says Maeng Yoon Kim, Head of EU Module Component Sales at
    Hanwha Q CELLS. “Both Q.PEAK modules belong to the most powerful 60 cell solar modules in the industry and offer highly attractive LCOE along with intriguing looks."

    Q.PEAK: High power classes, low LCOE, high durability

    The Q.PEAK series combines high power classes, leading to low levelised cost of electricity (LCOE) for customers. Moreover, a special Anti LID Technology (ALT) protects Q.PEAK modules against the power loss through Light-Induced Degradation (LID).  LID is a common effect leading to power losses in the early operation lifetime of conventional monocrystalline solar modules.    

    Q.PEAK modules also feature excellent stability and are tested for wind loads up to 4,000 Pa and snow loads up to 5,400 Pa. At the same time the frame design has been optimized with a frame height of 32 mm, leading to 10 % reduction on logistics and storage cost compared to the previous G3 generation. The modules weigh only 18.8 kg, making them easier to handle during installation.

    More than 3 GW produced: matured Q.ANTUM technology

    All Q CELLS products convince with extraordinary warranty conditions and supreme performance, thanks to Q.ANTUM technology. This proprietary cell technology enables the best performance of
    Q CELLS modules under real life conditions – even with low radiation intensity and on clear, hot summer days. Q.ANTUM is the most advanced and matured PERC-based technology in the industry, with a track record of more than 600 million solar cells produced since 2012, equaling more than
    3 GW. Combined with the Q CELLS performance and quality features like Anti PID and Anti LID technologies, Hot-Spot-Protect, Tra.Q Laser marking, Q.ANTUM leads to unmatched solar products when it comes to higher yields for longer time-periods ultimately leading to maximum security and lower LCOE on the customer´s side.

    Find out more about Q.PEAK-G4.1 and Q.PEAK BLK-G4.1 on www.q-cells.com and visit the Q.SHOP for residential PV customers.

    About Hanwha Q CELLS

    Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) is a global leading photovoltaic manufacturer of high-performance, high-quality solar cells and modules. Headquartered in Seoul, South Korea, it has Technology and Innovation HQ in Thalheim, Germany and manufacturing facilities in Malaysia and China. Hanwha Q CELLS offers solar modules, photovoltaic systems solution and large-scale solar power plants. Through its growing global business network spanning North America, Asia, Europe, South America, 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 10 business enterprise in South Korea. For more information, visit: http://www.hanwha-qcells.com.

    Safe-Harbor Statement

    This report 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. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in Hanwha Q CELLS’ filings with the 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 any forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact

    Hanwha Q CELLS
    Corporate Communications
    Jochen Endle, Oliver Beckel
    TEL +49 (0)3494 6699 10121
    EMAIL presse@q-cells.com
     

    [Legal AK1]Says Maeng Yoon Kim

  • Hanwha Q CELLS-Kalyon Enerji Consortium Awarded the Tender to Construct Region's Largest 1 GW Solar Power Plant in Turkey

    Mar 23, 2017 12:00:00 AM

  • SEOUL, South Korea, March 23, 2017 /PRNewswire/ -- Hanwha Q CELLS Co. Ltd. ("Hanwha Q CELLS") (NASDAQ: HQCL), a global leading photovoltaic ("PV") manufacturer of high-performance, high-quality solar modules, today announced that a consortium consisting of Hanwha Q CELLS and Kalyon Enerji Yatirimlari A.S. ("Kalyon") have been awarded for the tender to construct 1 GW solar power plant in Turkey, the region's largest project of kind.

    Karapinar Yenilenebilir Enerji Kaynak Alani ("Karapinar YEKA") project will be located in Karapinar, 250 kilometers south of Ankara, the capital of Republic of Turkey. The project will have 1,000 MW (AC) of installed capacity to generate clean electricity enough to power more than 600,000 households, and it is scheduled to commence operations within 36 months.

    The consortium will also establish 500 MW of fully integrated PV manufacturing capacity locally in Turkey, which will be operational within 21 months under the Agreement.

    Hon. Berat Albayrak, Minister of Energy and Natural Resources remarked "We have made an important step in our renewable energy strategy. With this step, we have successfully completed a tender that we will enable us to develop domestic production of cheaper, better quality electricity powered by best-in-class technology and allow us to export energy to adjacent regions." He added "We are here talking about the biggest single land project of 1,000 MW (AC) installed capacity of clean solar power. This scale of investment will deliver an important message to the world about Turkey and Turkey's energy market."

    "This is a big step towards reducing the external energy dependency on which the Ministry has been focusing over the past year," said Dr. Murtaza Ata, President of Kalyon's Energy Group. "With this project, Turkey's external energy dependency will decrease. This project shall also open opportunity window to extend solar business beyond our borders since Turkey has a significant geographical importance due to its close proximity to the Middle East and North Africa, where solar power potential is quite significant."

    Mr. Seong-Woo Nam, Chairman and CEO of Hanwha Q CELLS said "We are excited to be a part of this historic milestone energy project in Turkey and the region. We will bring our leading technology and operations expertise to bring environmentally sustainable energy solutions to Turkey and to support the Turkish government's aim to be energy independent."

    About Hanwha Q CELLS

    Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL) is a global leading photovoltaic manufacturer of high-performance, high-quality solar cells and modules. Headquartered in Seoul, South Korea, it has Technology and Innovation HQ in Thalheim, Germany and manufacturing facilities in Malaysia and China. Hanwha Q CELLS offers solar modules, photovoltaic systems solution and large-scale solar power plants. Through its growing global business network spanning North America, Asia, Europe, South America, 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 10 business enterprise in South Korea. For more information, visit: HTTP://WWW.HANWHA-QCELLS.COM.

    About Kalyon Enerji

    Kalyon Enerji Yatirimlari A.S. ("Kalyon Enerji") is the subsidiary company of Kalyon Group, which is among the major business groups of Turkey. Kalyon Group's main business area is construction. Kalyon has undertaken in the past and still takes crucial part in many sizeable and prestigious projects with critical importance such as the construction and operation of largest airport project in the world, fresh water suspended pipeline project between mainland Turkey and the TRNC (Turkish Republic of Northern Cyprus) constructed 250 meters below the sea surface, and various highway and large infrastructure projects among others. Kalyon Enerji's strategy and business activities mainly focus on local and renewable energy projects.  For more information, visit: WWW.KALYONGRUP.COM.

    Safe-Harbor Statement

    Statements in this press release about the tender for a 1 GW solar power plant in Turkey that are not statements of historical fact 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" "enable" and similar statements. Our ability to deliver the solar power plant and other related statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in Hanwha Q CELLS' filings with the 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 any forward-looking statements, whether as a result of new information, future events or otherwise.

    To view the original version on PR Newswire, visit:HTTP://WWW.PRNEWSWIRE.COM/NEWS-RELEASES/HANWHA-Q-CELLS-KALYON-ENERJI-CONSORTIUM-AWARDED-THE-TENDER-TO-CONSTRUCT-REGIONS-LARGEST-1-GW-SOLAR-POWER-PLANT-IN-TURKEY-300428308.HTML

    SOURCE Hanwha Q CELLS Co., Ltd.

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  • 25 MW Supply Contract Signed: ADLER Solar and Hanwha Q CELLS Repower Older PV Systems

    Mar 17, 2017 12:00:00 AM

    • Hanwha Q CELLS supplies 25 MW Q.PLUS solar modules with Q.ANTUM technology for repowering projects to ADLER Solar; with the option to upgrade to 30 MW
    • ADLER Solar offers comprehensive repowering solutions from one source, Hanwha Q CELLS provides highly efficient solar modules with Q.ANTUM technology
    • For older PV systems suffering from yield loss, repowering measures with quality components are economically attractive for system operators, banks and investors
    Bremen / Thalheim, 16th March 2017

    Hanwha Q CELLS GmbH and ADLER Solar Services GmbH have concluded a supply contract for 25 MW high efficiency Q.PLUS solar modules of the Q CELLS brand with integrated Q.ANTUM technology, with the option to upgrade to an additional 5 MW. The German subsidiary of the world’s largest solar cell manufacturer Hanwha Q CELLS Co. Ltd (NASDAQ: HQCL), and the leading full service provider for the solar industry, ADLER Solar, are entering a long-term partnership with the goal to repower older PV systems. This business model is profitable for commercial/industrial PV system operators and banks or investors alike, whose solar systems are falling short of economic expectations due to an increasing drop in performance. Repowering measures restore the original nominal power of ground mounted and roof top installations, compensate profit loss and maximise feed-in tariffs. In order to avoid future recurrences, high efficient solar modules of the Q CELLS brand are installed.

    Repowering means faster return on investment

    “The repowering method is an extremely attractive solution for PV system operators, banks or investors alike, whose solar system show a progressive degradation“, says Michael Reck, Head of Repowering at ADLER Solar. “Repowering clients expect continuous high quality standards: Starting with the concept, through the components used, all the way to the implementation of the appropriate measures”, Recks states further. “Quality and high performance are top priorities of ADLER Solar for each repowering project and this is why we are thrilled to have found a competent module partner in Hanwha Q CELLS, internationally recognized for the extraordinary performance and reliability of their solar modules.“

    “The large number of solar systems for which repowering measures would pay off are impressive evidence that it is worthwhile to invest in quality modules when it comes to photovoltaic­ systems“, Marko Schweitzer, Key Account Manager at Hanwha Q CELLS GmbH comments. “ADLER Solar’s decision as the most experienced full service provider of photovoltaic systems to install Q CELLS modules in their repowering projects is indicative of the high quality of our products.“

    This is how the repowering process works

    The process of repowering is designed to restore the original nominal power of photovoltaic systems with decreasing yield and as a result to maximise profits for the rest of the life cycle, thus ensuring the investor´s ROI. This method is worth considering for agricultural, commercial or industrial ground mounted and roof top installations alike. At first, the system must undergo an intensive appraisal. The project then is carried out on the basis of an individual strategy concept including a profitability analysis and possible financing options, and handed over together with the appropriate documentation after a test run. The professional execution as well as the use of quality components is a decisive factor for the success of the repowering measures.

    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 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 10 business enterprise in South Korea. For more information, visit: http://www.hanwha-qcells.com

    About ADLER Solar

    ADLER Solar is the leading full service provider for the solar industry. We deliver a broad spectrum of technical solutions and services that guarantee a high-performance level and smooth running of a photovoltaic plant throughout its entire life cycle. As independent PV experts with headquarters in Bremen and a branch in Waldkraiburg near Munich, as well as an office in London, we support manufacturers, operators, installers, technical advisors, insurance companies and banks with our expertise “Made in Germany”. Our service portfolio includes after-sales-services, repowering, survey reports, recalls, inverter-services, testing, claim management and procurement of spare parts.

    ADLER Solar employs 100 members of staff in Germany, Europe and Japan. Since 2015, ADLER Solar has been operating in Japan as part of a joint venture with YKD, ADLER Solar Works. In the same year, the Norwegian company Aqualis ASA and ADLER Solar Services GmbH entered into a strategic partnership. www.adlersolar.de

    Contact

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Oliver Beckel
    Tel +49 (0)3494 6699 1012
    Email presse@q-cells.com

     

    ADLER Solar Services GmbH
    Bettina Duske
    Senior Manager Marketing Communications
    Tel +49 (0)421 835 701 00
    Email duske@adlersolar.de

  • Hanwha Q CELLS to Announce Fourth Quarter and Full Year 2016 Financial Results on March 23

    Mar 9, 2017 12:00:00 AM

  • SEOUL, South Korea, March 9, 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, today announced that it will release its fourth quarter and full year 2016 financial results before the market opens on Thursday, March 23, 2017. The Company will host a conference call to discuss the results and updated business outlook at 8:00 AM Eastern Time (9:00 PM Korea time).

    Conference Call

    A live webcast of the conference call will be available on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM or by clicking the following hyperlink: HTTP://EDGE.MEDIA-SERVER.COM/M/P/5WTYQXO3.

    The dial-in details for the live conference call are as follows:

    International Toll Free Dial-In Number : +65 67135090
    United States : +1 (845) 675-0437
    South Korea : +82 (0)2 6490-3660
    Germany : 08001820671
    United Kingdom : +44 2036214779
    China, Domestic : 8008190121 / 4006208038
    Hong Kong : +852 30186771

    Passcode: HQCL

    A replay of the call will be available after the conclusion of the conference call on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM and also by dialing numbers below:   

    International Toll Free Dial-In Number : +61 2 8199 0299
    United States : +1 (855) 452-5696
    South Korea : 0079861361602
    Germany : 08001802149
    United Kingdom : 08082340072
    China, Domestic : 8008700206 / 4006322162
    Hong Kong : 800963117

    Conference ID: 83925129

    Replay time period: March 23, 2017 11:00 ET - March 31, 201708:59 ET

    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 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 10 business enterprise in South Korea. For more information, visit: HTTP://WWW.HANWHA-QCELLS.COM.

    To view the original version on PR Newswire, visit:HTTP://WWW.PRNEWSWIRE.COM/NEWS-RELEASES/HANWHA-Q-CELLS-TO-ANNOUNCE-FOURTH-QUARTER-AND-FULL-YEAR-2016-FINANCIAL-RESULTS-ON-MARCH-23-300421010.HTML

    SOURCE Hanwha Q CELLS Co., Ltd.

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  • Hanwha Q CELLS to Attend 29th Annual ROTH Conference

    Mar 6, 2017 12:00:00 AM

  • SEOUL, South Korea, March 6, 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, today announced that it will attend 29th Annual ROTH Conference and will conduct one-on-one meetings.

    Sponsored by ROTH Capital Partners, the ROTH conference will be held between March 12-15, 2017 at The Ritz Carlton, Laguna Niguel in Orange County, California. This conference is by invitation only and please contact CONFERENCE@ROTH.COM or your ROTH representative at (800) 933-6830 for more information or to schedule a meeting.

    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 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 10 business enterprise in South Korea. For more information, visit: HTTP://WWW.HANWHA-QCELLS.COM/.

    To view the original version on PR Newswire, visit:HTTP://WWW.PRNEWSWIRE.COM/NEWS-RELEASES/HANWHA-Q-CELLS-TO-ATTEND-29TH-ANNUAL-ROTH-CONFERENCE-300418512.HTML

    SOURCE Hanwha Q CELLS Co., Ltd.

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  • Hanwha Q CELLS receives TOP BRAND PV Seal 2017

    Feb 1, 2017 12:00:00 AM

    • Hanwha Q CELLS ranked among top module manufacturers according to surveys by EuPD Research
    • Installer´s feedbacks confirm Hanwha Q CELLS´s exceptional quality and service for the fourth time in a row in Europe and for the second time in Australia
    Seoul, South Korea, February 15, 2017

    Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL), one of the world´s largest producer of solar modules with high quality in-house solar cells, has been awarded the “Top Brand PV Seal 2017” from EuPD Research for the fourth time in a row in Europe and for the second time in Australia based on surveys among installers in the respective markets. According to EuPD Research, the results from this year's Global PV Installer Monitor clearly show that “Hanwha Q CELLS continues to maintain an exceptional market position in the leading European PV markets like Germany, France, Italy and UK. Moreover, customers in Australia also confirm Hanwha Q CELLS´ reputation as their first choice partner.” The 2017 survey for the US market, where Hanwha Q CELLS achieved the award last year for the first time, has not been conducted yet.

    EuPD Research emphasized that participating installers rated the products from Hanwha Q CELLS positively as compared to the competition. Furthermore, the scores for brand recommendation and unaided brand awareness were among the highest in the industry. Only a small number of manufacturers were honored with the Top Brand PV Seal, but rarely have companies qualified for a majority of the surveyed markets.

    “We feel honored that our customers consistently put their trust in Hanwha Q CELLS.” says Maengyoon Kim, Head of Module Sales in Europe at Hanwha Q CELLS. “Winning the seals for the fourth year in a row in Europe and for the second time in Australia spurs us to continue our work with the utmost commitment to offer our customers best quality and service,” he emphasized.

    “The PV module market remains highly competitive” said Markus A.W. Hoehner, CEO of EuPD Research. “Seals of approval do not just offer benefits for manufacturers; installers can differentiate themselves by proving that they are offering high-quality brands.”

    TOP BRAND PV: How the Seal is awarded

    Through regular surveys, market researchers and pollsters of EuPD Research identify the preferences of PV installers worldwide when recommending module brands. The independent TOP BRAND PV Seal is based on an annual multi-level analysis of qualified statements in regards to brand perception, brand management and market penetration from installers and intermediaries.

    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 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 10 business enterprise in South Korea. For more information, visit: http://www.hanwha-qcells.com

    About EuPD Research Sustainable Management GmbH

    EuPD Research Sustainable Management GmbH is an international service provider focusing on B2B market research with a highly specialized multilingual interview center. EuPD provides its clients in Europe, Asia and the US with the entire range of qualitative and quantitative research services. With the help of in-depth market knowledge combined with methodological professionalism, EuPD provides practical, future-oriented business solutions and ensure that its clients receive a return on their research investment. EuPD’s continuous research has enabled it to develop particular skills in the field of renewable energy sources, particularly in the field of solar energy.

    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.

    Contact

    Hanwha Q CELLS GmbH
    Corporate Communications
    Jochen Endle, Oliver Beckel
    Tel +49 (0)3494 6699 1012
    Email presse@q-cells.com

    Source: Hanwha Q CELLS Co., Ltd.

  • Hanwha Q CELLS Announces Shareholder Resolutions Adopted at Annual General Meeting

    Dec 27, 2016 12:00:00 AM

  • SEOUL, South Korea, Dec. 27, 2016 /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, today announced the shareholder resolutions adopted at its annual general meeting of shareholders ("AGM") held in Seoul, Korea on December 27, 2016.

    Hanwha Q CELLS' shareholders adopted the following resolutions:

    - As an ordinary resolution, that Seong Woo Nam, who was re-elected by the directors of the Company as a director on November 16, 2016, be re-elected as a director of the Company to hold office in accordance with the Articles of Association of the Company for a two-year term with effect from the date of the AGM, be approved, confirmed and ratified.
    - As an ordinary resolution, that Jung Pyo Seo, who was re-elected by the directors of the Company as a director on November 16, 2016, be re-elected as a director of the Company to hold office in accordance with the Articles of Association of the Company for a two-year term with effect from the date of the AGM, be approved, confirmed and ratified.
    - As an ordinary resolution, that Young S. Kim, who was elected by the directors of the Company as a director on November 21, 2016, be elected as a director of the Company to hold office in accordance with the Articles of Association of the Company for a two-year term with effect from the date of the AGM, be approved, confirmed and ratified.
    - As an ordinary resolution, that Ernst & Young Han Young be appointed as independent auditor of the Company for the year ending December 31, 2016, be approved, confirmed and ratified.

    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-quality, high-efficiency 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 South Korea, Malaysia and China, Hanwha Q CELLS is in a unique position to flexibly address all global markets. 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 10 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.

     

    To view the original version on PR Newswire, visit:HTTP://WWW.PRNEWSWIRE.COM/NEWS-RELEASES/HANWHA-Q-CELLS-ANNOUNCES-SHAREHOLDER-RESOLUTIONS-ADOPTED-AT-ANNUAL-GENERAL-MEETING-300383612.HTML

    SOURCE Hanwha Q CELLS Co., Ltd.

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  • Notice of Annual General Meeting of Shareholders to be Held on December 27, 2016

    Nov 28, 2016 12:00:00 AM

  • SEOUL, South Korea, Nov. 28, 2016 /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, today announced that the annual general meeting of shareholders (the "AGM") of the Company will be held at 9:00 AM Korea Standard Time on December 27, 2016 at the Company's office at Conference Room #3, 9th Floor, 86 Cheonggyecheon-ro, Jung-gu, Seoul, Korea 101-797, to consider and, if thought fit, to pass and approve the following resolutions:

    - as an ordinary resolution, that Seong Woo Nam, who was re-elected by the directors of the Company as a director on November 16, 2016, be re-elected as a director of the Company to hold office in accordance with the Articles of Association of the Company for a two-year term with effect from the date of the AGM
    - as an ordinary resolution, that Jung Pyo Seo, who was re-elected by the directors of the Company as a director on November 16, 2016, be re-elected as a director of the Company to hold office in accordance with the Articles of Association of the Company for a two-year term with effect from the date of the AGM
    - as an ordinary resolution, that Young S. Kim, who was elected by the directors of the Company as a director on November 21, 2016, be elected as a director of the Company to hold office in accordance with the Articles of Association of the Company for a two-year term with effect from the date of the AGM
    - as an ordinary resolution, that Ernst & Young Han Young be appointed as independent auditor of the Company for the year ending December 31, 2016

    Holders of record of ordinary shares at the close of business on November 28, 2016 (Eastern Time) will be entitled to attend and vote at the AGM. A holder entitled to attend and vote is also entitled to appoint a proxy to attend and, on a poll, vote instead of him and that proxy need not be a holder of ordinary shares of the Company. Whether or not you expect to attend the AGM in person, please mark, date, sign and return the enclosed proxy card to: Board Secretary, Hanwha Q CELLS Co., Ltd., office at Conference Room #3, 9th Floor, 86 Cheonggyecheon-ro, Jung-gu, Seoul, Korea 101-797. The proxy card shall be received by us no later than 5:00 PMKorea Standard Time on December 26, 2016 to ensure your representation and the presence of a quorum at the AGM. Sending in your proxy will not prevent you from voting in person at the AGM.

    Holders of American Depositary Shares representing ordinary shares will be entitled to vote through the depositary at the AGM. Please refer to the voting materials delivered to you by the depositary for how you may instruct the depositary to vote.

    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-quality, high-efficiency 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 South Korea, Malaysia and China, Hanwha Q CELLS is in a unique position to flexibly address all global markets. 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 10 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.

    To view the original version on PR Newswire, visit:HTTP://WWW.PRNEWSWIRE.COM/NEWS-RELEASES/NOTICE-OF-ANNUAL-GENERAL-MEETING-OF-SHAREHOLDERS-TO-BE-HELD-ON-DECEMBER-27-2016-300368793.HTML

    SOURCE Hanwha Q CELLS Co., Ltd.

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  • Hanwha Q CELLS Reports Third Quarter 2016 Results

    Nov 22, 2016 12:00:00 AM

  • SEOUL, South Korea, Nov. 22, 2016 /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, today reported its unaudited financial results for the third quarter of 2016. The Company will host a conference call to discuss the results at 8:00 am Eastern Time (10:00 pm Korea Standard Time) on November 22, 2016.

    Third Quarter 2016 Highlights

    - Net revenues were $707.8 million, compared with $638.0 million in the second quarter of 2016 and $427.2 million in the third quarter of 2015.
    - Gross profit was $140.5 million, compared with $151.2 million in the second quarter of 2016 and $93.0 million in the third quarter of 2015.
    - Gross margin was 19.9%, compared with 23.7% in the second quarter of 2016 and 21.8% in the third quarter of 2015.
    - Operating income was $72.4 million, compared with $84.5 million in the second quarter of 2016 and $40.3 million in the third quarter of 2015.
    - Net income attributable to Company's ordinary shareholders was $41.7 million, compared with net income of $76.8 million in the second quarter of 2016 and net income of $52.4 million in the third quarter of 2015.
    - Earnings per fully diluted American Depositary Share ("ADS" and each ADS represents 50 of the Company's ordinary shares) were $0.50, compared with earnings per fully diluted ADS of $0.92 in the second quarter of 2016 and net income per fully diluted ADS of $0.63 in the third quarter of 2015.

    Mr. Seong-woo Nam, Chairman and CEO of Hanwha Q CELLS, remarked, "Our financial and operational results in the third quarter were solid while generating net revenues of $707.8 million in this quarter, an increase of 65.7% from the same period last year. And we are on course to achieve our previously guided full-year total module shipments of 4,800 to 5,000 MW in 2016."

    "Our industry is undergoing challenging time with elevated macro uncertainties," Mr. Nam continued. "We will continue to focus implementing disciplined financial and operational management as we navigate current market environments, yet further strengthening our industry leadership in technology, quality and customer services for stable long-term growth."

    Third Quarter 2016 Results

    Net Revenues

    - Total net revenues were $707.8 million, up 10.9% from $638.0 million in the second quarter of 2016 and up 65.7% from $427.2 million in the third quarter of 2015.

    Gross Profit and Margin

    - Gross profit in the third quarter of 2016 was $140.5 million, compared with $151.2 million in the second quarter of 2016 and $93.0 million in the third quarter of 2015.
    - Gross margin in the third quarter of 2016 was 19.9%, compared with 23.7% in the second quarter of 2016 and 21.8% in the third quarter of 2015.

    Operating Expense, Income and Margin

    - Total operating expenses were $68.1 million in the third quarter of 2016, up 2.1% from $66.7 million in the second quarter of 2016 and up 29.2% from $52.7 million in the third quarter of 2015.
    - Selling and marketing expenses were $36.4 million in the third quarter of 2016, up 10.0% from $33.1 million in the second quarter of 2016 and up 59.6% from $22.8 million in the third quarter of 2015.
    - General and administrative expenses were $19.7 million in the third quarter of 2016, up 0.1% from $19.6 million in the second quarter of 2016 and up 13.9% from $17.3 million in the third quarter of 2015.
    - Research and development expenses were $12.0 million in the third quarter of 2016, down 14.3% from $14.0 million in the second quarter of 2016 and down 4.8% from $12.6 million in the third quarter of 2015.

    Net Interest Expense

    - Net interest expense was $12.4 million in the third quarter of 2016, compared with $9.3 million in the second quarter of 2016 and $11.9 million in the third quarter of 2015.

    Foreign Currency Exchange Gain (Loss)

    - Net foreign currency exchange loss was $2.3 million in the third quarter of 2016, compared with a net gain of $1.8 million in the second quarter of 2016 and net loss of $17.8 million in the third quarter of 2015.

    Changes in Fair Value of Derivative Contracts

    - The Company recorded a net loss of $2.1 million in the third quarter of 2016 from the change in fair value of derivatives in hedging activities, compared with a net loss of $13.7 million in the second quarter of 2016 and a net gain of $0.9 million in the third quarter of 2015.          

    Income Tax Expense (Benefit)

    - Income tax expense was $10.3 million in the third quarter of 2016, compared with an income tax benefit of $8.8 million in the second quarter of 2016 and an income tax expense of $2.4 million in the third quarter of 2015.

    Net Income (Loss) and Earnings (Loss) per ADS

    - Net income attributable to Company's ordinary shareholders was $41.7 million in the third quarter of 2016, compared with net income of $76.8 million in the second quarter of 2016 and net income of $52.4 million in the third quarter of 2015.
    - Earnings per fully diluted ADS on a GAAP basis was $0.50 in the third quarter of 2016, compared with earnings per fully diluted ADS of $0.92 in the second quarter of 2016 and net income per fully diluted ADS of $0.63 in the third quarter of 2015.

    Financial Positions

    As of September 30, 2016, the Company had cash and cash equivalents of $254.8 million, compared with $255.4 million as of June 30, 2016. The restricted cash as of September 30, 2016 was $147.2 million, compared with $165.2 million in the previous quarter.

    As of September 30, 2016, accounts receivable was $456.1 million, compared with $518.3 million as of June 30, 2016. Inventories were $451.7 million, compared with $485.3 million as of June 30, 2016.

    Total short-term bank borrowings (including the current portion of long-term bank borrowings) were $414.9 million as of September 30, 2016, an increase of $35.2 million from the second quarter of 2016. As of September 30, 2016, the Company had total long-term debt (net of current portion and long-term notes) of $796.9 million, a decrease of $2.7 million from the second quarter of 2016. The Company's long-term bank and government borrowings are to be repaid in installments until their maturities, which range from one to sixteen years.

    Net cash used in operating activities was $94.9 million in the third quarter of 2016.

    Capital expenditures were $23.0 million in the third quarter of 2016.

    Operations Updates and Business Outlook

    Capacity Status

    As of September 30, 2016, the Company had in-house, annualized production capacities of 1,550 MW for ingot, 950 MW for wafer, 4,100 MW for cell and 4,050 MW for module.

    Additionally, the Company has an access of module supply of up to 1,500 MW (annualized) as of September 30, 2016 from Hanwha Q CELLS Korea Corporation, an affiliate of the Company.

    Business Outlook

    For the fourth quarter of 2016, the Company estimates net revenues in the range of $600 to 620 million.

    For the full year 2016, the Company reiterates its previous guidance of module shipments and reduced capital expenditures as below:

    - Total module shipments in the range of 4,800 to 5,000 MW
    - Revenue-recognized module shipments in the range of 4,600 to 4,800 MW
    - Capital expenditures of approximately $130 million, of which $84 million for capacity expansion and the remaining $46 million for manufacturing technology upgrades and certain R&D related expenditures

    Conference Call

    The Company will host a conference call to discuss the results at 8:00 am Eastern Time (10:00 pm Seoul Time) on November 22, 2016. The management will discuss the results and take questions following the prepared remarks.

    A live webcast of the conference call will be available on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM or by clicking the following hyperlink: HTTP://EDGE.MEDIA-SERVER.COM/M/P/24KDRMJ7.

    The dial-in details for the live conference call are as follows:

    International Toll Free Dial-In Number : +65 67135090
    United States : +1 (866) 519-4004
    South Korea : +82 (0)2 6490-3660
    Germany : 08001820671
    China, Domestic : 8008190121 / 4006208038

    Passcode: HQCL

    A replay of the call will be available after the conclusion of the conference call on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM and also by dialing numbers below:

    International Toll Free Dial-In Number : +61 2 8199 0299
    United States : +1 (646) 254-3697
    South Korea : +82 (0)2 6490-3513
    Germany : 08001802149
    China, Domestic : 8008700206 / 4006322162

    Conference ID 9492007

    Replay time period: Nov 22, 2016 11:00 ET - Nov 30, 201607:59 ET

    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-quality, high-efficiency 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 South Korea, Malaysia and China, Hanwha Q CELLS is in a unique position to flexibly address all global markets. 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 10 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 Company's operations and business outlook, contain forward-looking statements. These forward-looking statements also include 4Q16, 2H16 and full-year 2016 estimates for PV product shipments, production capacities and other results of operations. Forward-looking statements involve inherent risks and uncertainties and actual results may differ materially from such estimates depending on future events and other changes in business climate and market conditions. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

    To view the original version on PR Newswire, visit:HTTP://WWW.PRNEWSWIRE.COM/NEWS-RELEASES/HANWHA-Q-CELLS-REPORTS-THIRD-QUARTER-2016-RESULTS-300367235.HTML

    SOURCE Hanwha Q CELLS Co., Ltd.

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  • HANWHA Q CELLS TO ANNOUNCE THIRD QUARTER 2016 FINANCIAL RESULTS ON NOVEMBER 22

    Nov 3, 2016 12:00:00 AM

  • SEOUL, Korea, Nov. 3, 2016 /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, today announced that it will release its third quarter of 2016 financial results before the market opens on Tuesday, November 22, 2016. The Company will host a conference call to discuss the results and updated business outlook at 8:00 AM Eastern Time (10:00 PM Korea time).

    Conference Call

    A live webcast of the conference call will be available on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM or by clicking the following hyperlink: HTTP://EDGE.MEDIA-SERVER.COM/M/P/24KDRMJ7.

    The dial-in details for the live conference call are as follows:

    International Toll Free Dial-In Number : +65 67135090
    United States : +1 (866) 519-4004
    South Korea : +82 (0)2 6490-3660 / 00308132266
    Germany : 08001820671
    China, Domestic : 8008190121 / 4006208038

    Passcode: HQCL

    A replay of the call will be available after the conclusion of the conference call on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM and also by dialing numbers below:         

    International Toll Free Dial-In Number : +61 2 8199 0299
    United States : +1 (855) 452-5696
    South Korea : 0079861361602
    Germany : 08001802149
    China, Domestic : 8008700206 / 4006322162

    Conference ID: 9492007

    Replay time period: Nov 22, 201611:00 ET - Nov 30, 201607:59 ET

    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-quality, high-efficiency 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 South Korea, Malaysia and China, Hanwha Q CELLS is in a unique position to flexibly address all global markets. 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 10 business enterprise in South Korea. For more information, visit HTTP://INVESTORS.HANWHA-QCELLS.COM.

    To view the original version on PR Newswire, visit:HTTP://WWW.PRNEWSWIRE.COM/NEWS-RELEASES/HANWHA-Q-CELLS-TO-ANNOUNCE-SECOND-QUARTER-2016-FINANCIAL-RESULTS-ON-NOVEMBER-22-300356566.HTML

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  • SPI 2016: Hanwha Q CELLS Completes Strong Q.ANTUM Portfolio with Monocrystalline Solar Module Series "Q.PEAK"

    Sep 6, 2016 12:00:00 AM

    • Q.PEAK Q.ANTUM modules reaching up to 370 Wp (72 cell) and 305Wp (60 cell) will be available starting from Q3 2017 and Q1 2017 respectively
    • Half-Cell and Double Glass prototypes take Q.ANTUM to the next level
    • Q CELLS' Q.ANTUM technology for higher yields and lower LCOE matured through more than 440 million or 2 GW of solar cells produced since 2012

    IRVINE, Calif., Sept. 9, 2016 /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, today announced that it will unveil a complete series of new monocrystalline solar modules and prototypes based on the company's proprietary Q.ANTUM technology at Solar Power International (SPI) in Las Vegas from September 13-15, 2016. The new monocrystalline Q.ANTUM modules will be called "Q.PEAK" and are set to supplement the award winning Q.PLUS range of polycrystalline solar modules, thus completing the strong product portfolio of Q.ANTUM based solar modules for higher yields enabling lower LCOE. The Q.PEAK modules, which will come in 60- and 72-cell form factors and reaching up to 305 Wp and 370 Wp respectively, will be on sale starting in Q1 2017 and Q3 2017 respectively. Exciting prototype products for release in Q4 2017 will also be displayed at booth 2337 in the North Hall at SPI: Q.PEAK prototypes using half-cell and double glass technologies will take Q.ANTUM to the next levels in terms of efficiency and performance as well as durability in harsh climates.

    Hanwha Q CELLS emphasizes continuous growth ambition in U.S. solar market

    With the launch of the more complete solar portfolio of Q CELLS at SPI 2016, Hanwha Q CELLS demonstrates its commitment to strengthen its market presence in the US solar market. "We cannot wait to present our current and next generation of Q.ANTUM products to PV customers in the USA," said Mr. Seong Woo Nam, Chairman and CEO of Hanwha Q CELLS. "Our new, enhanced and 'Engineered in Germany' Q.ANTUM product portfolio is set to meet and exceed the expectations of PV customers and investors in the USA. Moreover, we continue to build on our ability to supply large scales of tariff-free, high performance and quality modules along with corporate stability and reliability as one of the world's largest solar companies and a part of the Fortune Global 500 business enterprise, Hanwha Group."

    Q.PLUS and Q.PEAK: Award winning state of the art meets the next level of power and performance - altogether based on record breaking Q.ANTUM technology

    The Company's highlights at this year's SPI will be the current polycrystalline solar modules, the monocrystalline next generation modules, as well as the monocrystalline prototypes using half-cell and double glass technologies - all based on Hanwha Q CELLS' proprietary and matured Q.ANTUM technology. Today, Q.ANTUM is the most advanced and matured PERC-based technology in the industry, as proven by world efficiency records as well as a track record of more than 440 million Q.ANTUM solar cells produced since 2012, equalling 2 GW. The latest world efficiency record for polycrystalline solar modules in standard size (1670 x 1000 mm2) is held by a Q.ANTUM module prototype of 19.5% and a power output of 301 watts, as confirmed by the independent Fraunhofer ISE institute. Q.ANTUM solar modules offer all of Q CELLS' VDE certified quality standards like Anti-PID protection, Hot-spot protect, and Tra.Q laser marking.

    At the Hanwha Q CELLS booth, visitors will be able to experience the full spectrum of Q.ANTUM solar modules:

    - The Q.PLUS BFR-G4.1/TAA comes in 60 polycrystalline cells, a black frame, and power class of up to 290 Wp. The Q.PLUS BFR-G4.1/TAA will be eligible in public tenders in the USA and are TAA compliant.
    - The Q.PLUS L-G4.2/TAA is a 72 polycrystalline cell Q.ANTUM module with up to 345 Wp and will be eligible in public tenders in the USA (TAA compliant).
    - The Q.PEAK BLK-G4.1 is based on monocrystalline wafers using Q.ANTUM technology. This 60 cell all black module reaches up to 300 Wp power output and will be available starting in Q1 2017 with a white back sheet option reaching up to 305 Wp.
    - The Q.PEAK L-G4.2 is based on monocrystalline wafers featuring 72 black cells, a white back sheet, a silver frame, and reaches up to 370 Wp power output with availability starting in Q3 2017.
    - The Q.PEAK-G4.1/MAX combines the advantages of cell-string optimizers with Q.ANTUM technology.
    - The Q.PEAK-G4.1/H and the Q.PEAK BLK-G4.1/H prototypes come in a black and white appearance. Both add half-cell technology to Q.PEAK, boosting power output to up to 315 watts from a 60 cell solar module.
    - Finally, the Q.PEAK L-G4.2/GH prototype combines half-cell and double glass technologies on monocrystalline Q.ANTUM for optimal performance and durability in harsh climates with up to 380 Wp power output.

    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-quality, high-efficiency 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 is in a unique position to flexibly address all global markets. Hanwha Q CELLS offers the full spectrum of photovoltaic products, applications and system solutions. 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 10 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.

    To view the original version on PR Newswire, visit:HTTP://WWW.PRNEWSWIRE.COM/NEWS-RELEASES/SPI-2016-HANWHA-Q-CELLS-COMPLETES-STRONG-QANTUM-PORTFOLIO-WITH-MONOCRYSTALLINE-SOLAR-MODULE-SERIES-QPEAK-300325403.HTML

    SOURCE Hanwha Q CELLS Co., Ltd.

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  • Hanwha Q CELLS Reports Second Quarter 2016 Results

    Aug 23, 2016 12:00:00 AM

  • SEOUL, South Korea, Aug. 23, 2016 /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, today reported its unaudited financial results for the second quarter of 2016. The Company will host a conference call to discuss the results at 8:00 am Eastern Time (9:00 pm Korea Standard Time) on August 23, 2016.

    SECOND QUARTER 2016 HIGHLIGHTS

    - Net revenues were $638.0 million, compared with $514.9 million in the first quarter of 2016 and $338.0 million in the second quarter of 2015.
    - Gross profit was $151.2 million, compared with $109.0 million in the first quarter of 2016 and $58.4 million in the second quarter of 2015.
    - Gross margin was 23.7%, compared with 21.2% in the first quarter of 2016 and 17.3% in the second quarter of 2015.
    - Operating income was $84.5 million, compared with $56.7 million in the first quarter of 2016 and $1.0 million in the second quarter of 2015.
    - Net income attributable to Company's ordinary shareholders was $76.8 million, compared with a net income of $27.5 million in the first quarter of 2016 and a net loss of $14.2 million in the second quarter of 2015.
    - Earnings per fully diluted American Depositary Share ("ADS" and each ADS represents 50 of the Company's ordinary shares) were $0.92, compared with earnings per fully diluted ADS of $0.33 in the first quarter of 2016 and a net loss per fully diluted ADS of $0.17 in the second quarter of 2015.

    Mr. Seong-woo Nam, Chairman and CEO of Hanwha Q CELLS, remarked, "We are pleased to report a solid quarterly execution which exceeded our financial targets driven by disciplined, yet flexible global operations, while adopting into continuously changing market environments cost effectively."

    "We continue to improve our financial positions and cash management to support our growing business rationally," Mr. Nam emphasized. "This year we are maintaining net debt to equity ratio below 250% level and our cash conversion cycle has fallen below 60 days compared with over 100 days a year ago."

    Mr. Nam concluded by noting, "Despite highly cyclical and dynamic nature of our industry, we remain optimistic about long term growth prospects in our industry as solar power will have much higher penetration in global energy mix, and we are focused to expand our competitive advantage delivering sustainable growth as a prominent solar technology leader."

    SECOND QUARTER 2016 RESULTS

    Net Revenues

    - Total net revenues were $638.0 million, up 23.9% from $514.9 million in the first quarter of 2016 and up 88.8% from $338 million in the second quarter of 2015.

    Gross Profit and Margin

    - Gross profit in the second quarter of 2016 was $151.2 million, compared with $109.0 million in the first quarter of 2016 and $58.4 million in the second quarter of 2015.
    - Gross margin in the second quarter of 2016 was 23.7%, compared with 21.2% in the first quarter of 2016 and 17.3% in the second quarter of 2015. 

    Operating Expense, Income and Margin

    - Total operating expenses were $66.7 million in the second quarter of 2016, up 27.5% from $52.3 million in the first quarter of 2016 and up16.2% from $57.4 million in the second quarter of 2015. Total operating expenses as a percentage of revenues were largely unchanged at 10.5% in the second quarter of 2016 compared with 10.2% in the first quarter of 2016 and substantially lower compared with 17.0% in the second quarter of 2015.
    - Selling and marketing expenses were $33.1 million in the second quarter of 2016, up 45.2% from $22.8 million in the first quarter of 2016 and up 67.2% from $19.8 million in the second quarter of 2015.
    - General and administrative expenses were $19.6 million in the second quarter of 2016, up 9.5% from $17.9 million in the first quarter of 2016 and down 23.7% from $25.7 million in the second quarter of 2015.
    - Research and development expenses were $14.0 million in the second quarter of 2016, up 20.7% from $11.6 million in the first quarter of 2016 and up 17.6% from $11.9 million in the second quarter of 2015.

    Net Interest Expense

    - Net interest expense was $9.3 million in the second quarter of 2016, compared with $12.8 million in the first quarter of 2016 and $14.8 million in the second quarter of 2015.
    - Interest coverage ratio was 7.7x in the second quarter of 2016, compared with 3.6x in the first quarter of 2016 and 0.1x in the second quarter of 2015.

    Foreign Currency Exchange Gain (Loss)

    - Net foreign currency exchange gain was $1.8 million in the second quarter of 2016, compared with a net gain of $4.0 million in the first quarter of 2016.

    Changes in Fair Value of Derivative Contracts

    - The Company recorded a net loss of $13.7 million in the second quarter of 2016 from the change in fair value of derivatives in hedging activities, compared with a net loss of $15.3 million in the first quarter of 2016 and a net gain of $1.2 million in the second quarter of 2015.

    Income Tax Expense (Benefit)

    - Income tax benefit was $8.8 million in the second quarter of 2016, compared with an income tax expense of $4.6 million in the first quarter of 2016 and an income tax expense of and $0.8 million in the second quarter of 2015.

    Net Income (Loss) and Earnings (Loss) per ADS

    - Net income attributable to Company's ordinary shareholders was $76.8 million in the second quarter of 2016, compared with a net income of $27.5 million in the first quarter of 2016 and a net loss of $14.2 million in the second quarter of 2015.
    - Earnings per fully diluted ADS on a GAAP basis was $[0.92] in the second quarter of 2016, compared with earnings per fully diluted ADS of $0.33 in the first quarter of 2016 and a net loss per fully diluted ADS of $0.17 in the second quarter of 2015.

    FINANCIAL POSITIONS

    As of June 30, 2016, the Company had cash and cash equivalents of $255.4 million, compared with $327.3 million as of March 31, 2016. The restricted cash as of June 30, 2016 was $165.2 million, compared with $158.6 million in the previous quarter.

    Total short-term bank borrowings (including the current portion of long-term bank borrowings) were $379.7 million as of June 30, 2016, a decrease of $71.0 millionfrom the first quarter of 2016. As of June 30, 2016, the Company had total long-term debt (net of current portion and long-term notes) of $799.6 million, an increase of $151.6 million from the first quarter of 2016. The Company's long-term bank and government borrowings are to be repaid in installments until their maturities, which range from one to sixteen years.

    Net cash used in operating activities was $72.8 million in the second quarter of 2016. As of June 30, 2016, accounts receivable was $518.3 million. Days sales outstanding ("DSO") was 71 days in the second quarter of 2016. As of June 30, 2016, inventories totaled $485.3 million. Days inventory turn was 89 days in the second quarter of 2016.

    Capital expenditures were $36.5 million in the second quarter of 2016.

    OPERATION UPDATES and BUSINESS OUTLOOK

    Capacity Status

    As of June 30, 2016, the Company had annualized production capacities of 1,500 MW for ingot, 900 MW for wafer, 4,000 MW for cell and 4,000 MW for module.

    - Manufacturing Capacity (in nameplate MW)

    Business Outlook

    For the full year 2016, the Company expects:

    - Total module shipments of 4,800 to 5,000 MW
    - Capital expenditures of approximately $180 million, of which $100 million for capacity expansion and the remaining $80 million for manufacturing technology upgrades and certain R&D related expenditures

    Conference Call

    The Company will host a conference call to discuss the results at 8:00 am Eastern Time (9:00 pm Seoul Time) on August 23, 2016. The management will discuss the results and take questions following the prepared remarks.

    A live webcast of the conference call will be available on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM or by clicking the following hyperlink: HTTP://EDGE.MEDIA-SERVER.COM/M/P/U3IETGSN.

    The dial-in details for the live conference call are as follows:

    International Toll Free Dial-In Number : +65 67135090
    United States : +1 (866) 519-4004
    South Korea : +82 (0)2 6490-3660 / 00308132266
    Germany : 08001820671
    China, Domestic : 8008190121 / 4006208038

    Passcode: HQCL

    A replay of the call will be available after the conclusion of the conference call on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM and also by dialing numbers below:

    International Toll Free Dial-In Number : +61 2 8199 0299
    United States : +1 (855) 452-5696
    South Korea : 0079861361602
    Germany : 08001802149
    China, Domestic : 8008700206 / 4006322162

    Conference ID 58032852

    Replay time period: Aug 23, 201611:00 ET - Aug 31, 201609:59 ET

    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-quality, high-efficiency 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 South Korea, Malaysia and China, Hanwha Q CELLS is in a unique position to flexibly address all global markets. 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 10 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 Company's operations and business outlook, contain forward-looking statements. These forward-looking statements also include 3Q16, 2H16 and full-year 2016 estimates for PV product shipments, production capacities and other results of operations. Forward-looking statements involve inherent risks and uncertainties and actual results may differ materially from such estimates depending on future events and other changes in business climate and market conditions. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

    To view the original version on PR Newswire, visit:HTTP://WWW.PRNEWSWIRE.COM/NEWS-RELEASES/HANWHA-Q-CELLS-REPORTS-SECOND-QUARTER-2016-RESULTS-300316934.HTML

    SOURCE Hanwha Q CELLS Co., Ltd.

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  • Hanwha Q CELLS to Announce Second Quarter 2016 Financial Results on August 23

    Aug 4, 2016 12:00:00 AM

  • SEOUL, South Korea, Aug. 4, 2016 /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, today announced that it will release its second quarter of 2016 financial results before the market opens on Tuesday, August 23, 2016. On the same day, the management will host a conference call to discuss the results and business outlook at 8:00 AM Eastern Time (9:00 PM Korea time).

    Conference Call

    A live webcast of the conference call will be available on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM or by clicking the following hyperlink: HTTP://EDGE.MEDIA-SERVER.COM/M/P/U3IETGSN.

    The dial-in details for the live conference call are as follows:

    International Toll Free Dial-In Number : +65 67135090
    United States : +1 (866) 519-4004
    South Korea : +82 (0)2 6490-3660 / 00308132266
    Germany : 08001820671
    China, Domestic : 8008190121 / 4006208038

    Passcode: HQCL

    A replay of the call will be available after the conclusion of the conference call on the investor relations section of the Company's website at WWW.HANWHA-QCELLS.COM and also by dialing numbers below:       

    International Toll Free Dial-In Number : +61 2 8199 0299
    United States : +1 (855) 452-5696
    South Korea : 0079861361602
    Germany : 08001802149
    China, Domestic : 8008700206 / 4006322162

    Conference ID 58032852

    Replay time period: Aug 23, 201611:00 ET - Aug 31, 201609:59 ET

    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-quality, high-efficiency 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 South Korea, Malaysia and China, Hanwha Q CELLS is in a unique position to flexibly address all global markets. 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 10 business enterprise in South Korea. For more information, visit HTTP://INVESTORS.HANWHA-QCELLS.COM.

    To view the original version on PR Newswire, visit:HTTP://WWW.PRNEWSWIRE.COM/NEWS-RELEASES/HANWHA-Q-CELLS-TO-ANNOUNCE-SECOND-QUARTER-2016-FINANCIAL-RESULTS-ON-AUGUST-23-300308637.HTML

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  • HANWHA Q CELLS Appoints New Global Chief Technology Officer

    Jul 1, 2016 12:00:00 AM

    • As the newly appointed Global CTO, Dr. Daniel JW Jeong will lead Hanwha's global R&D teams located in Germany, Malaysia, Korea and China.

    SEOUL, South Korea, July 1, 2016 /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, today announced the appointment of Dr. Daniel JW Jeong as new Global Chief Technology Officer ("CTO"), who has been the Company's global Head of R&D since January of 2015.

    The Chairman and CEO of Hanwha Q CELLS, Mr. Seong Woo Nam, said: "We're very excited to have Dr. Daniel Jeong as our new CTO, who has demonstrated an outstanding leadership in integrating our global R&D teams located in Germany, Malaysia, Korea and China following the merger between former Hanwha Q CELLS and Hanwha SolarOne in early 2015. Dr. Jeong is a renowned authority in crystalline silicon photovoltaics technology development and an ideal person to further strengthen our technology leadership in solar industry."

    Dr. Jeong, who will assume the currently vacant position of CTO with immediate effect, had previously held a number of leading management positions in the field of solar R&D with vast experience in solar technology innovation and commercialization before joining Hanwha. He started his career as a semiconductor engineer at Samsung Electronics and he also held numerous R&D leadership positions at LG Group for ten years and was instrumental for LG's move into solar industry. He holds a Ph.D. in Electrical and Computer Engineering from the Georgia Institute of Technology and has published more than 50 technical papers in journals and conference proceedings.

    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-quality, high-efficiency 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 South Korea, Malaysia and China, Hanwha Q CELLS is in a unique position to flexibly address all global markets. 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 10 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.

    To view the original version on PR Newswire, visit:HTTP://WWW.PRNEWSWIRE.COM/NEWS-RELEASES/HANWHA-Q-CELLS-APPOINTS-NEW-GLOBAL-CHIEF-TECHNOLOGY-OFFICER-300292961.HTML

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  • HANWHA Q CELLS Achieves New World Record in Multicrystalline Solar Module Efficiency

    Jun 20, 2016 12:00:00 AM