Promising Partnerships - Report on Hanwha Q CELLS

NEW YORK, September 18, 2015 /PRNewswire/ --

ACI Association has initiated research coverage on Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.

Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/reports?keyword=HQCL

Highlights from our HQCL Report include:

• The Supply Agreement - On July 21, 2015, Hanwha Q CELLS Co. Ltd announced that it has signed a solar module supply agreement with Renew Power Ventures Pvt. Ltd., one of India's largest developers of clean energy. Under the agreement, Hanwha will be providing 148.8 MW of its 310/315 Wp (HSL72S) solar modules to ReNew Power. The Company's "German Engineered" modules are supplied from a diversified base of state-of-the art automated production facilities located in China, Malaysia and South Korea.

• Joint Venture Agreement - Hanwha also entered into a Joint Venture Agreement with ReNew Power with potential for up to 49% equity ownership in two solar energy projects totaling 148.8 MW. This marks the Company's first equity investment in solar projects in India, which is one of the most rapidly growing solar markets in the world with strong government's policy support. As part of the agreement, Hanwha will be partnering with ReNew to develop, build and operate the projects. The solar projects, located in the Medak and Mehbub Nagar districts in the State of Telangana, are expected to be commissioned in June 2016. According to the announcement, the power generated from these projects will be sold under a Purchase Power Agreement (PPA) with the Southern Power Distribution Co. of Telangana State Ltd. The Company stated that ReNew Power currently owns renewable energy assets of more than 1 GW of commissioned and under-construction in India.

• Management Commentary - Sharing his views on the partnership, Mr. Sumant Sinha, Chairman and CEO of ReNew Power said, "We are very pleased to partner with Hanwha Q CELLS in executing these two projects in Telangana. This Joint Venture is yet another step in the right direction and shows that we continue to be a partner of choice in this rapidly growing sector." Mr. Seong Woo Nam, CEO of Hanwha Q CELLS, added, "We are pleased to partner with ReNew Power, one of the largest Independent Power Producers (IPP) in India. Our modules possess the quality and high-efficiency characteristics that solar developers value when building solar projects."

To find out how this influences our rating on Hanwha Q CELLS Co., Ltd. read the full report in its entirety here: http://www.aciassociation.com/reports?keyword=HQCL

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