AGR, a leading UK renewable energy developer specialising in utility scale PV and medium scale wind, lead the project development of the Stowbridge project, with Hanwha Q CELLS, one of the world’s leading photovoltaics companies, taking the lead on construction, delivering the park under an EPC (Engineering, Procurement, Construction) contract and supplying its “Engineered in Germany” PV modules. Completion of the project and full grid connection is scheduled for March 2014.
Full-Service-Provider in power plant solutions
“The Stowbridge project strengthens our footprint in the attractive UK market and underlines our position as full service provider for advanced power plant solutions – from design development through to the supply of high-class modules to EPC”, said Frank Danielzik, Vice President EPC at Hanwha Q CELLS.
“Our high quality PV power plants make sense for UK investors, since they offer attractive and reliable returns on their investments.” Hanwha Q CELLS has a proven track record of around 600 MW of large scale power plant solutions around the globe. As one of only a few players, Hanwha Q CELLS offers development, planning and construction work as well as top-quality PV panels from one source and provides financial stability as part of the Korean Top-Ten company Hanwha Group.
Competitive LCOE for secure ROI
“We are very happy to be cooperating with Hanwha Q CELLS on this project”, said Oliver Breidt, one of the founders and co-owners of AGRenewables.
“Together we can deliver fast and reliable development and EPC capabilities as well as attractive LCOE.” The competitive LCOE (Levelized Cost of Electricity) of the power plant are a consequence of its low BOS (Balance of System) cost, low running cost and best in class yields. The latter two will be ensured by the high quality and high performance Q CELLS solar modules, featuring Q.ANTUM technology, Anti PID, Hot-Spot Protect and leading low-light performance. Additionally the minimal construction times and the successive connection to the grid with cascade structures reduce cost further and ensure the earliest possible yields of the plant.
Established in 2011, AGR has grown quickly into a leading UK renewable energy developer, specializing in utility scale solar and medium scale wind developments. AGR has a portfolio of operational and pipeline projects throughout England, Scotland and Wales – with a robust construction pipeline for the coming year.
About Hanwha Q CELLS
Hanwha Q CELLS is part of the South Korean Hanwha Group and one of the world’s leading photovoltaics companies, offering a wide range of high quality photovoltaic solutions “Engineered in Germany” – from solar cells and modules to solar system solutions and power plants. At its headquarters in Thalheim (Germany) Hanwha Q CELLS has a unique setup of R&D and production enabling the company to develop technologically leading products and innovative manufacturing methods. The cell production sites in Malaysia and Germany and the module production line in Germany are the core of manufacturing. In addition, the company converts its high-efficiency solar cells into modules in cooperation with certified contractors in Europe and Asia. Hanwha Q CELLS sells its products via its international sales network with branches in Germany (HQ), Malaysia, Korea, USA, Canada, Japan and Australia. Thanks to its truly international setup, high quality products and the financial stability as part of Hanwha Group, Hanwha Q CELLS is the reliable partner for PV customers around the globe. http://www.q-cells.com.
About Hanwha Group
Hanwha Group, founded in 1952, is one of the Top-Ten business enterprises in South Korea with 51 domestic affiliates and 109 global networks in three major sectors: manufacturing and construction, finance, and services and leisure. With more than 60 years track record of industrial leadership, Hanwha’s manufacturing and construction businesses encompass a broad range of fields from basic chemicals and advanced materials to property development and total solar energy solutions. The finance network, covering banking, insurance, asset management and securities, is the second largest non-bank finance group in South Korea. The services and leisure sector offers premium lifestyle services with retail and resort businesses. For more information, visit: www.hanwha.com.
Hanwha Q CELLS GmbH