Hanwha Q CELLS Co., Ltd., one of the largest solar cell manufacturers in the world, will participate at Intersolar South America 2018 in Expo Center Norte, São Paulo, Brazil from August 28 to 30. Intersolar South America is one of the flagship regional exhibitions of the Intersolar calendar, which is renowned across the solar industry. An estimated 240 companies will be in attendance in Brazil this year, and this is the first time that Hanwha Q CELLS will participate in an exhibition held in South America.
South America is gathering attention as one of the best regions for solar power generation because of its abundant solar radiation and plentiful hours of sunshine. In particular, the Brazilian solar market has vast potential to grow due to average sunshine duration that is 1.6 times that of South Korea, as well as concerted efforts to diversify energy sources at the national level. With this exhibition, Hanwha Q CELLS is planning to establish a solid foundation for successful market entry into South America by promoting its position as a global leader and emphasizing its excellent technology, focusing on primary markets such as Brazil and Chile.
At Intersolar South America, Hanwha Q CELLS will mainly exhibit its Q.POWER L-G5 and Q.PEAK L-G5 solar modules, which are the main products available in the South American market. The Q.POWER module is a multicrystalline solar module with excellent cost-efficiency, making it an ideal solution for the types of very large PV plants that are becoming commonplace across the continent. The Q.PEAK module, meanwhile, is a high-performance monocrystalline module that produces abundant electricity in a small area, making it suitable for South American residential and commercial markets – both of which are highly likely to grow in the future. Based on these two products, Hanwha Q CELLS will target the entire South American solar market, from large power plants to residential and commercial installations.
To highlight its technology leadership, Hanwha Q CELLS will also display the Q.PEAK DUO L-G5 – the company’s highest-performance module. Q.PEAK DUO, a monocrystalline solar module with half-cut cells, has a maximum output of 400Wp based on Q.ANTUM DUO technology, Hanwha Q CELLS’ state-of-the-art technology. It is also optimized for real environments, ensuring high output and long-term stability even in less-than-optimal conditions such as low light or high temperature. In recognition of its technological excellence and product innovation, the Q.PEAK DUO was selected as the only solar module winner at the Intersolar Award 2018, which was held in June in Germany.
Seong Woo Nam, CEO of Hanwha Q CELLS, said, “South America is a region with a suitable environment for solar power generation, and one of the areas expected to grow rapidly in the future. While the global solar market is unstable due to a number of global policy changes, such as safeguard tariffs in the U.S. and subsidy cuts in China, we will achieve increased sales and profit stabilization through a market diversification strategy, which include the South American region.”
Primary Market Size in South America (in GW)
(Source : GTM Latin America Playbook Q4, 2017)