NEWS I REVIEW
Hanwha Q-Cells To build 800MW facility In Malaysia
GERMAN HEADQUARTERED Hanwha Q CELLS has announced that it will build a large-scale module factory at its existing site in Cyberjaya, Malaysia. The new facility will include four production lines and automated equipment for the company’s high performing solar modules totalling a capacity of 800MW.
After currently increasing its capacities in cell production, the investment in a new module production again highlights Hanwha Q CELLS’ consistent growth path and positive business outlook. Given the growing cell capacity and production volume, the largest European PV provider according to shipments now adapts its module production capacities accordingly. The amount of investment has not been disclosed.
In August, Hanwha Q CELLS announced to increase its total production capacity to more than 1.5 GW by the end of the year. Furthermore, Hanwha Q CELLS has been strongly expanding its business and expects 2014 shipments between 1 and 1.2 GW as well as positive full-year- fi gures. Detailed fi nancial fi gures about revenue or profi t have not been disclosed.
Charles Kim, CEO of Hanwha Q CELLS, said: “By building module facilities of 800 MW at our site in Malaysia, Hanwha Q
CELLS takes the next step in becoming one of the globally leading companies in the photovoltaics industry. The new factory will strengthen our position to satisfy the heightened demand of our customers. We offer top-quality modules, applications and complete power plants “Engineered in Germany” as well as long- term partnership and fi nancial stability.”
The construction of the module production facility at the Cyberjaya site will start in early 2015. Hanwha Q CELLS will start to move in the production equipment in parallel. The new production lines are planned to be ready for a fi rst test production in Q3 2015 and expected to reach full utilization by early 2016.
Further strengthening the combination of German engineering with international mass production “The new module fab in Cyberjaya is the logical next step in carrying forward the company´s international setup of R&D and mass production,” said CEO Charles Kim.
By partly insourcing and at the same time increasing overall total module production capacities, Hanwha Q CELLS is further strengthening this combination of German engineering and quality with competitive and fl exible international mass production in their Asian facilities.
Capital Dynamics offl oad 1/4 billion dollars of US solar assets
CAPITAL DYNAMICS, a global private asset manager, announced that it has entered into an agreement to sell its U.S. Solar Energy Fund assets to TerraForm Power Inc. for approximately USD 250 million. Through the sale, which is expected to be completed by the fourth quarter of 2014, Capital Dynamics will deliver a monetization opportunity for its U.S. Solar Energy Fund investors. Capital Dynamics, with a multi-national team of investment professionals, will continue to invest in clean energy infrastructure opportunities throughout the world.
Capital Dynamics’ U.S. Solar Energy Fund portfolio is comprised of 39 solar energy productions assets across 5 U.S. states generating more than 75 MW of power. Capital Dynamics led all aspects of the Fund’s investment process, from deal origination, negotiations and structuring to overseeing late-stage project design activities and ultimate construction and operation of the projects. The U.S. Solar Energy Fund reached a fi nal close in June 2012 and was named the largest renewables infrastructure fund raised globally that year.
“I am pleased that the sale of our U.S. Solar Fund assets achieves our goal of realizing risk-adjusted returns for our investors and we look forward to working with TerraForm Power on other opportunities in the future,” said Stefan Ammann, CEO of Capital Dynamics.
“We were an early mover in the U.S. solar market and we will work to build on this advantage by continuing to identify and grow opportunities in clean energy infrastructure on behalf of our investors.”
Issue V 2014 I
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