Hanwha Q CELLS to Showcase High Performance Solar Modules at Intersolar South America 2019


[August 30, 2019] Hanwha Q CELLS (or “The Company”), one of the largest solar cell and module manufacturers in the world, once again showcased its high performance solar modules at Intersolar South America, which was held in São Paulo, Brazil from August 27 to 29, 2019. With over 260 exhibitors and more than 20,000 visitors, Intersolar South America, one of the highlights of the Intersolar global calendar, is known as the largest solar industry exhibition and conference in South America.

In 2018, Hanwha Q CELLS participated in this exhibition for the first time to establish a solid foundation for successful market entry into South America. The Company, which successfully focused on the Brazilian market in the first year of entry, once again participated in the exhibition to secure a stronger position in the dynamic South American market.

With more than 2.5 GW of installed capacity at the end of 2018, Brazil has become the largest solar market in South America, according to the Brazilian solar association ABSOLAR. In particular, the distributed generation segment, which includes installations up to 5 MW in size, has recently undergone remarkable growth thanks to the nation’s popular net metering scheme.

Hanwha Q CELLS to showcase broad monocrystalline portfolio

To meet growing customer demand for high performance products in South America, Hanwha Q CELLS used the occasion of Intersolar South America to focus on its monocrystalline solar module series. This included the Q.PEAK and Q.PEAK DUO. Q.PEAK L-G5, which uses 72 full-cells with 6 bus-bars, has a maximum output of 380 Wp, while the new Q.PEAK DUO L-G7, which uses 144 half-cells with 12 bus-bars, provides up to 405 Wp of power output.

Both modules are manufactured using Hanwha Q CELLS’ patent-protected passivation technology, which is a key ingredient in the Company’s Q.ANTUM Technology. Q.ANTUM Technology also provides long-term reliability based on additional features, including 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 Hanwha Q CELLS, said: “South America is a strategically very important market as it has a climate favorable to solar power generation, as well as high market growth potential. With our high performance solar modules, Hanwha Q CELLS will continuously strengthen our brand recognition throughout South America.”

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: 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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