Hanwha Q Cells has signed an agreement to supply NextEra Energy Resources with 1.5 gigawatts of solar modules.
Delivery of the modules will begin in the fourth-quarter of this year and is expected to continue for a year. Hanwha Q Cells will supply module that are manufactured from its production facilities in Malaysia and Korea.
“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,” said Seong-woo Nam, CEO of Hanwha Q Cells.
“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 CEO 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.”
The supply agreement follows Hanwha Q Cells’ recent merger with Hanwha SolarOne Co.
“This 1.5 GW agreement is early evidence of the effectiveness of the transformational merger between Hanwha SolarOne and Hanwha Q CELLS,” Nam added. “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.”