U.S. headquartered solar energy generation company juwi solar has signed a 75 MW supply agreement with South Koreas Hanwha Q Cells in an agreement which sees the latter deliver its German-engineered solar modules to juwis U.S.-based projects.
With its technology and innovation HQ in Germany and its global executive HQ in Seoul, South Korea, Hanwha Q Cells represents an attractive option for juwi solar, combining German-quality engineering with its Korean manufacturing base, thus enabling U.S.-based juwi solar to import high-quality modules free from trade duties.
"juwi chose Hanwha Q Cells modules because of its high efficiency German-engineerd cells," confirmed juwi solar director of technology Forrest Collins. "In addition, Hanwha Q Cells has been classified as a bankable company, and its diversified manufacturing footprint helped put our trade case concerns at ease."
Importing solar components into the U.S. from China or Taiwan is an expensive business for American companies, with a recent report showing that solar cells and modules from these countries cost up to 30% more in the U.S. than in other markets thanks to the recently introduced anti-dumping and countervailing duties imposed on products from these countries.
For Hanwha Q Cells, which was recently bought out by Hanwha SolarOne (with the combined company opting to trade under the Q Cells brand name), the supply deal represents a decisive step into the U.S. market.
"We are focused on expanding our utility-scale footprint in the U.S., and this deal fits our goals perfectly," said Steve Kang, president of Hanwha Q Cells USA.
juwi solar has ordered Hanwhas new Korean-assembled modules that boast a slimmer frame and improved weak light and high temperature performance.