SEOUL, South Korea, June 19, 2015 /PRNewswire/ -- Together with Hanwha Q CELLS (NASDAQ:HQCL) and other partners, the ISM Group ceremoniously started up one of the largest solar power plants in the Bitterfeld Region on Friday, June 19, 2015. The "Alte Kaserne Bitterfeld-Wolfen" photovoltaic farm achieves a total output of 10 megawatts (MW) and thus generates enough power to supply around 2,500 regional households with clean energy. The ISM Group from Bitterfeld, developed, constructed and grid-connected the project in only six months. The international photovoltaic supplier Hanwha Q CELLS, whose headquarters for Technology & Quality are located in Thalheim, in the district of Bitterfeld, supplied the high quality solar modules for the farm. Altogether, the 38,456 Q.PRO-G3 solar modules will generate around 11 GWh of clean energy per year, thus positively impacting the carbon footprint. As a result around one third of the energy requirement of the grid company, Netzgesellschaft Bitterfeld-Wolfen will be covered by renewable energy.
Profitable solar power plants in Germany need the right partners and component quality
With the "Alte-Kaserne Bitterfeld-Wolfen" power plant, the partners impressively demonstrate that solar power plants in Germany can be built quickly and efficiently and can be operated cost-effectively. In order to achieve that, the right partners have to come together and ensure the high performance and quality of the components employed. In addition to the ISM Group and Hanwha Q CELLS, the other decisive partners for the success of the project were the Baumann Rechtsanwalte Partnerschaftsgesellschaft mbB for legal advice, the Deutsche Kreditbank (DKB) as financing partner and Schneider Electric as supplier of the high quality inverter.
"My heartfelt thanks go to all the partners, who have been involved in connecting this plant to the grid in record time and in a highly professional manner," remarked Tobias Schmidt, shareholder of ISM Group, at the ceremonial launch of the power plant on June 19, 2015. "The solar modules are of particular importance for the profitability of the power plant," added Schmidt further. "The outstanding performance output of Q CELLS' modules under weak light, for instance in the evening or on cloudy days, as well as their quality and reliability, make the decisive difference." In reference to the start-up, Mario Schulte, Account Manager at Hanwha Q CELLS commented: "We are delighted, together with the ISM Group, to make a mark for sustainable energy supply in the Bitterfeld-Wolfen region. ISM has a great deal of experience and expertise in renewable energy. We share our very high demands on quality and sustained success of our projects and, as a consequence, we look forward to continuing the proven cooperation and to expanding it further."
About Hanwha Q CELLS
In February 2015 Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) emerged as a new global solar power leader from combining two of the world's most recognized photovoltaic manufacturers, Hanwha SolarOne and Hanwha Q CELLS. The combined company is listed on NASDAQ under the trading symbol of HQCL. It is headquartered in Seoul, South Korea, (Global Executive Headquarters) and Thalheim, Germany (Technology & Innovation Headquarters) and is the world's largest solar cell manufacturer as well as one of the largest photovoltaic module manufacturers. Due to its diverse international production setup including facilities in China, Malaysia and South Korea, Hanwha Q CELLS is in the unique position to flexibly address market needs globally, even including certain key markets with import tariffs, such as the USA and the European Union. Based on its well respected "Engineered in Germany" technology, innovation and quality, Hanwha Q CELLS offers the entire range of outstanding photovoltaic products, applications and solutions, from modules to kits to systems to large scale solar power plants. The combined company is also engaged in downstream development and EPC business. Through its growing global business network spanning Europe, North America, Asia, South America, Africa and the Middle East the company provides excellent services and long-term partnership to its customers in the utility, commercial, government and residential markets. Hanwha Q CELLS is a flagship company of Hanwha Group, a Top-Ten business enterprise in South Korea. For more information, visit: http://investors.hanwha-qcells.com/
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, 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. Together with their long standing partners, they offer a variety of mounting systems, photovoltaic components and industrial manufacturing solutions, and therefore individual solutions for each of their customer requirements. Long-term dependability and care of the PV systems complete the profile of ISM. For more information, visit: www.ism-energy.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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