Hanwha Q CELLS modules secure another low-carbon certificate for French solar tenders

• Carbon footprint of 300 kg-eq/C0²/kWc achieved for Q.PEAK and Q.PEAK DUO module series

• France’s ambitious solar goals driven by the CRE bidding market, which promotes the use of modules with a low carbon footprint

• Hanwha Q CELLS’ Head of EU Sales, Maengyoon Kim said: “We are encouraged that the efforts of the French government to lower its carbon footprint align perfectly with our own as a company.”

[Berlin, Germany, January 21, 2019] Hanwha Q CELLS GmbH (“Hanwha Q CELLS” or “The Company”), the German subsidiary of one of the largest solar cell and module manufacturers in the world, Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL), has received a carbon footprint (CFP) certification of 300 kg-eq/CO²/kWc in France for its high-efficiency Q.PEAK  and Q.PEAK DUO module series.

The current certifications mean that Hanwha Q CELLS’s high-efficiency Q.PEAK and Q.PEAK DUO modules continue to meet the stringent low-carbon demands of the French government.

Low-carbon tenders present major opportunity for France

With the latest issue of the PPE (Multi-Annual Energy Program), France’s solar power sector has been set ambitious annual growth targets of up to 44.5 GWp by 2028. Currently, solar capacity in France is just under 9 GW.

In achieving another low carbon footprint result for its Q.PEAK and Q.PEAK DUO modules, Hanwha Q CELLS further strengthens its market position in France, said Hanwha Q CELLS’ Head of EU Sales, Maengyoon Kim. “The entire value chain of Hanwha Q CELLS is committed to clean energy and low-carbon values, which is why we are pleased to be once again recognized in France for our commitment to lowering our carbon footprint. As a global leader in solar cell and module technology, we pride ourselves in setting the best example, and continue to appreciate France’s vision and leadership in this regard, too.”

Stephan Maurel and Laurent Bodin, Head of Sales France, added: “Hanwha Q CELLS has long seen the excellent opportunity for France to shift more and more of its energy supply to renewables, solar in particular. By doing so in the most eco-friendly way possible, we believe that France can become a role model for other European nations to follow.”

Hanwha Q CELLS’ Head of EU Sales, Maengyoon Kim added: “We are encouraged that the efforts of the French government to lower its carbon footprint align perfectly with our own as a company.”

About 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: http://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.

Contact

Hanwha Q CELLS GmbH
Corporate Communications
Oliver Beckel, Ian Clover
Tel: +49 (0)3494 6699 10121
E-mail: presse@q-cells.com