SEOUL, South Korea, Nov. 5, 2015 /PRNewswire/ -- Hanwha Q CELLS Co., Ltd. ("Hanwha Q CELLS") (NASDAQ: HQCL), a top-10 global photovoltaic manufacturer of high-quality, high-efficiency solar modules, has completed 27.5 megawatts (MW) supply of HSL-72 305/310Wp modules to Roha Dyechem ("Roha"), the largest manufacturer and distributor of synthetic and natural color in India. The modules were installed at Bhadla in the state of Rajasthan and the project now generates enough electricity to power 7,000 households.
Roha is actively investing in renewable projects as a part of its environmental sustainability efforts and this power plant is one of five solar power plants that are being built in Rajasthan State as part of Rajastan State Solar policy.
"Hanwha Q CELLS is pleased to power one of Roha's solar power plants and to support its clean energy initiatives," said Mr. M. Y. Kim, Senior Vice President of Hanwha Q CELLS in India. Mr. Kim also added, "Hanwha Q CELLS has booked about 270 MW to major energy companies in India year-to-date, with over 200 MW of modules scheduled for shipment in 2015. We expect to accelerate our business in India going forward."
HSL-72 modules, rated at 305/310Wp, offers excellent performance, extended durability cost-competitively and highly suitable product solution for fast growing emerging markets such as India.
About Hanwha Q CELLS
In February 2015 Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL) emerged as a new global solar power leader from combining two of the world´s most recognized photovoltaic manufacturers, Hanwha SolarOne and Hanwha Q CELLS. The combined company is listed on NASDAQ under the trading symbol of HQCL. It is headquartered in Seoul, South Korea, (Global Executive Headquarters) and Thalheim, Germany (Technology & Innovation Headquarters) and is the world's largest solar cell manufacturer as well as one of the largest photovoltaic module manufacturers. Due to its diverse international production setup including facilities in China, Malaysia and South Korea, Hanwha Q CELLS is in the unique position to flexibly address market needs globally, even including certain key markets with import tariffs, such as the USA and the European Union. Based on its well respected "Engineered in Germany" technology, innovation and quality, Hanwha Q CELLS offers the entire range of outstanding photovoltaic products, applications and solutions, from modules to kits to systems to large scale solar power plants. The combined company is also engaged in downstream development and EPC business. 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 partnership to its customers in the utility, commercial, government and residential markets. Hanwha Q CELLS is a flagship company of Hanwha Group, a Top-Ten business enterprise in South Korea. For more information, visit: http://investors.hanwha-qcells.com/
About Roha Dyechem Pvt.
Roha Dyehem is India's largest manufacturer and distributor of synthetic and natural color for the food, pharmaceuticals and cosmetics industries with global operations. Roha Dyechem, an affiliate of the JJT Group, was founded in 1972 and is based in Mumbai, India with global manufacturing centers in the US, UK, Spain, South Africa, Vietnam, Indonesia, Thailand, China, Egypt and Mexico. For more information, visit: http://www.roha.com/
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.
SOURCE Hanwha Q CELLS Co., Ltd.