Hanwha Q Cells Co. Ltd has signed a major agreement with NextEra Energy Resources to provide more than 1.5 GW of solar modules for the renewable energy companys continued solar expansion in the United States.
The agreement to supply NextEra Energy Resources, a subsidiary of U.S. clean energy giant NextEra Energy, Inc., and its affiliates will span from the end of 2015 to the fourth quarter of 2016.
Hanwha Q Cells CEO Seong-woo Nam said the deal was "a testament to the quality, value and competiveness of Hanwha Q Cells' advanced solar cell and module technology, adding that the agreement would enable Hanwha Q Cells to become the market share leader among global manufacturers in two of the three worlds largest solar markets, the U.S. and Japan.
Utilizing the first fully commercialized multi c-Si PERC cell in mass production
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Hanwha Q Cells will supply the shipment to NextEra Energy Resourses from its fully automated cell and module production facilities in Malaysia and Korea. The modules will use the companys newest proprietary Q.ANTUM cell architecture, which supercharges ordinary crystalline cells, enabling them to absorb more sunlight and produce more power than the industrys standard solutions. The Q.ANTUM cell is the first fully commercialized multi c-Si PERC cell in mass production in the world.
Nam added that the supply agreement was early evidence of the effectiveness of the recent merger between Hanwha SolarOne and Hanwha Q CELLS. "The financial stability, advanced technology and manufacturing leadership of the new company made this historic supply deal possible," Nam said, adding that the transaction positioned the South Korean group for longer term growth and contributed to enhanced shareholder value.
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