Hanwha Q CELLS Co. Ltd today announced the signing of a major solar module supply agreement with NextEra Energy Resources, LLC. A subsidiary of Hanwha Q CELLS will provide more than 1.5GW of solar modules to NextEra Energy Resources and its affiliates between 4Q 2015 and 4Q 2016.
Seong-woo Nam, Chief Executive Officer of Hanwha Q CELLS, said, "We are proud to become a strategic partner with NextEra Energy Resources, a worldwide renewable-energy leader. This agreement is a testament to the quality, value and competiveness of Hanwha Q CELLS' advanced solar cell and module technology," Mr. Nam also added, "This supply deal will enable Hanwha Q CELLS to become the market share leader among global manufacturers in two of the three world's largest solar markets, the U.S. and Japan."
"As the world's largest generator of renewable energy from the wind and sun, we continue to invest in large-scale solar projects," said Armando Pimentel, president and chief executive officer of NextEra Energy Resources. "Hanwha Q CELLS shares our vision of an affordable clean energy future. We look forward to Hanwha Q CELLS delivering solar cells and modules that will provide reliability, efficiency and durability."
"This 1.5GW supply agreement is early evidence of the effectiveness of the transformational merger between Hanwha SolarOne and Hanwha Q CELLS," added Mr. Nam of Hanwha Q CELLS. "The financial stability, advanced technology and manufacturing leadership of the new company made this historic supply deal possible. This transaction positions us for longer term growth and contributes to enhanced shareholder value."