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Hanwha Q CELLS becomes market leader in Poland after a strong 2018


− Data from leading PV consulting organization Globenergia reveals Hanwha Q CELLS’ Q.PEAK-G4.1 monocrystalline module is Poland’s best-seller − Ranking follows 12 months of outstanding market growth for Hanwha Q CELLS, with more than 55 MW of modules sold − Szymon Kurjanski, Area Sales Manager of Poland at Hanwha Q CELLS, said: “The Polish solar market has scaled rapidly in 2018, and we are proud to have risen to a position as market leader in what promises to be an even more dynamic market in 2019.”

[Berlin, Germany, December 19, 2018] 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), can today confirm that its Q.PEAK-G4.1 monocrystalline solar modules are the best-selling solar panels in Poland, according to leading Polish PV consulting organization, Globenergia.

his data reflects what has been a strong 12 months for Hanwha Q CELLS in the dynamic Polish solar market. Having sold only 7 MW of solar modules in 2017, Hanwha Q CELLS is on course to surpass 55 MW of module sales in 2018 – a figure that represents almost 50% of the expected 120 MW overall Polish PV capacity growth for 2018.

Building towards an even brighter 2019

The trajectory of the Polish solar market has fluctuated in the past few years, with encouraging periods of growth followed by unexpected downturns. In 2017, the market added 80 MW of capacity – which represented relatively encouraging performance for the PV sector given the nation’s appetite for coal power.

This year, experts at renewable energy platform Gramwzielone predict that Poland will install approximately 120 MW of new PV capacity – of which nearly 55 MW will be comprised of Hanwha Q CELLS’ solar modules. The Globenergia data revealed that, of the seven best-selling modules in Poland in 2018, Hanwha Q CELLS’ Q.PEAK-G4.1 module was the most popular and was also the only monocrystalline solar panel in the top seven.

The popularity of the Q.PEAK-G4.1 lies in its competitive price point and superior power output, which is based on Hanwha Q CELLS’ proprietary Q.ANTUM technology that delivers superior anti-light-induced degradation (LID) and anti-light and elevated temperature-induced degradation (anti-LeTID) performance.

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