Solar Power Deal in India

Hanwha Q Cells‘ solar power plant in Maywood.
Hanwha Q Cells‘ solar power plant in Maywood.

 

Hanwha Q Cells, the solar business unit of Korea’s Hanwha Group, is expected to keep accelerating the Indian solar power market invasion this year again.

The company announced on February 1 that it has signed a 50 megawatt solar photovolataic module supply deal with Adani Group, the No. 1 company in the private thermal power generation sector in India, one of the emerging solar markets. The development comes about half a year since Hanwha sealed a similar contract to supply 70 MW of PV modules to Adani in July last year.

The solar plant, scheduled for completion by March 2016, will be installed in the Tamil Nadu province in India.

Kim Maeng-yoon, senior vice president of Hanwha Q Cells in India, said, “Since Hanwha Q Cells was acknowledged for having the best technology once again, the company was able to sign the large deal with Adani Group again. Hanwha will continue to contribute to India’s environmentally friendly policies by providing high quality products and services to the Indian market in the future.”

Meanwhile, the Indian government has its sights set on building a total of 100GW solar plants in the country by 2020 and is expected to continue expanding its solar power business in the years to come. Hanwha Q Cells, which leads the global solar power industry with the largest solar cell productions in the world, has been expanding its business areas in the Indian market from last year.

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