Hanwha Q CELLS Secures 450MW Solar Module Contract in the US

Subsidiary Enable Takes on EPC

Hanwha Solutions' Q CELLS division (Hanwha Q CELLS) has secured another large-scale contract in the U.S. commercial solar market.

Hanwha Q CELLS announced on the 24th that its EPC-specialized subsidiary, Enable, recently won a turnkey contract with TGC (True Green Capital Management), a U.S. energy infrastructure-focused private equity fund.

In this structure, Hanwha Q CELLS supplies the solar modules, and Enable performs the EPC. From this year through 2025, Hanwha Q CELLS will supply 450 MW of modules for solar power projects promoted by TGC in the U.S., while Enable will be responsible for the power plant EPC. The 450 MW corresponds to the amount of electricity that can power approximately 70,000 U.S. households for one year.

TGC plans to focus on commercial solar projects and community solar projects utilizing idle spaces such as parking lots and rooftops of buildings or factories across the U.S. Community solar is a project where local residents pool investment costs to build solar power plants and share the profits collectively.

Hanwha Q CELLS Dalton factory located in Georgia, USA.
[Photo by Hanwha Q CELLS]

Following the partnership with Microsoft in January, Hanwha Q CELLS has succeeded in securing another large-scale turnkey contract. Hanwha Q CELLS had previously established a partnership to supply modules and EPC for a total of 12 GW over eight years for solar projects where Microsoft will purchase electricity. With this contract, Enable has achieved over $100 million in EPC contract wins since its launch in 2022, and Hanwha Q CELLS has secured a large-scale product demand channel in the U.S. for the next two years.

Lee Gu-young, CEO of Hanwha Q CELLS, said, "With our competitive technology, abundant experience, and know-how in the renewable energy business sector, we will seize business opportunities to secure stable sales and accelerate business growth."

Meanwhile, Hanwha Q CELLS is expanding its business scope comprehensively by pursuing various new businesses recently. Last year, it accelerated diversification of its business structure by starting a financing business targeting U.S. residential solar customers. The Solar Hub, the largest and first comprehensive solar production base in North America being built with an investment of over 3 trillion won, is expected to begin full-scale mass production by the end of this year.