Hanwha Q CELLS has signed a major solar module supply agreement with NextEra Energy Resources, LLC, a subsidiary of U.S.-based NextEra Energy, Inc., to supply more than 1.5GW of solar PV modules from October 2015 to December 2016 (4Q15~4Q16). The supply agreement is for empower solar expansion in the nation.
"We are proud to become a strategic partner with NextEra Energy Resources,” said Seong-woo Nam, Chief Executive Officer of Hanwha Q CELLS. “This supply deal will enable Hanwha Q CELLS to become the market share leader among global manufacturers in two of the three world's largest solar markets, the U.S. and Japan."
Hanwha Q CELLS will ship these PV modules from its cell and module production facilities in Malaysia and Korea. These solar modules will use the Q.ANTUM cell architecture, which supercharges ordinary crystalline cells enabling them to absorb more sunlight and produce more power than the industry's standard solutions. Hanwha Q CELLS is the first company that successfully commercialized multi c-Si PERC cell in mass production.
This large-scale supply agreement follows Hanwha Q CELLS' recent, successful combination with Hanwha SolarOne. The combined entity has the world's largest solar cell manufacturing capacity, and it is one of the largest solar module manufacturers with around 3.3GW of production capacity. The 1.5GW supply agreement is the latest evidence
"This 1.5 GW supply agreement is early evidence of the effectiveness of the transformational merger between Hanwha SolarOne and Hanwha Q CELLS," added Mr. Nam of Hanwha Q CELLS. "The financial stability, advanced technology and manufacturing leadership of the new company made this historic supply deal possible. This transaction positions us for longer term growth and contributes to enhanced shareholder value."
"As the world's largest generator of renewable energy from the wind and sun, we continue to invest in large-scale solar projects," said Armando Pimentel, president and chief executive officer of NextEra Energy Resources.