- Hanwha Q CELLS Co., Ltd. agreed to supply 70 MW to Ramnad Solar Power, a subsidiary of Adani Group of India
- Module deliveries will begin in October 2015 to be installed through February 2016
Hanwha Q CELLS Co., Ltd. ("Hanwha Q CELLS") (NASDAQ: HQCL), a top-10 global photovoltaic manufacturer of high-quality, high-efficiency solar modules, has signed 70 megawatts (MW) supply contract with Ramnad Solar Power, a subsidiary of Adani Group of India. The module will be installed at Tamil Nadu province in the southern part of India and construction will commence in October 2015 and is scheduled for a completion by February 2016.
India is one of the most rapidly growing solar markets in the world with strong government's policy support. In 2014, Prime Minister Modi announced its plan to reach 100 GW installed PV power generation by 2020.
"Hanwha Q CELLS is pleased to have partnered with Adani Group, one of India's major energy companies" said Mr. M.Y. Kim, Sr. Vice President of Hanwha Q CELLS in India. Mr. Kim also added "Solar has received increased support from the government and India has now become one of the more interesting emerging markets."
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