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.
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SOURCE Hanwha Q CELLS Co., Ltd.