Hanwha Q CELLS Completes United States’ First Solar Farm on a Superfund Site

  Hanwha Q CELLS Completes United States’ First Solar Farm on a Superfund Site

  *10.86 MW Solar Farm was fully realized without any incentives
  *German-headquartered PV specialist breaks barrier frustrating solar
    project developers for more than 20 years
  *93% volume reduction of site soil movement was achieved

Business Wire

INDIANAPOLIS -- April 9, 2014

Hanwha Q CELLS, an international solar developer, manufacturer and solutions
provider, commemorated the historic completion of the first utility scale
solar project constructed on an active EPA Superfund site. Hanwha Q CELLS was
joined by project partners including the US EPA, Vertellus Specialties Inc.,
Indiana Department of Environmental Management, Indiana Power & Light (NYSE:
AES), PNC Bank, August Mack Environmental Consulting, URS Corporation, US
Utilities and Solar FlexRack.

Hanwha Q CELLS, an international solar developer, manufacturer and solutions
provider, today commemo ...

Hanwha Q CELLS, an international solar developer, manufacturer and solutions
provider, today commemorated the completion of the first utility scale solar
project constructed on an active EPA Superfund site. As part of the
commissioning of the 10.86MWdc Maywood Solar Farm, company officials were
joined by the EPA Regional Administrator and other key project partners for a
ribbon-cutting ceremony at the former Reilly Tar & Chemical Superfund site in
Indianapolis, IN. (Photo: Business Wire)

The 10.86MWdc Maywood Solar Farm, located on 43 acres of the Reilly Tar &
Chemical Superfund site in Indianapolis, was completed under the 2012
Indianapolis Power & Light (IPL) Rate-REP program. Of critical significance,
the Maywood Solar Farm was fully realized without additional federal, state,
local or corporate incentives and used conventional solar project financing.
Construction commenced in July 2013 and was completed in March 2014, using
high efficiency Q CELLS Q.PRO L polycrystalline modules, engineered by Hanwha
Q CELLS in Germany. The Maywood Solar Farm will operate for up to 30 years and
reduce CO2 emissions by more than 13,000 metric tons per year – equal to the
annual carbon emissions of more than 2,700 passenger cars or 1,800 Indiana
residential homes.

Hanwha Q CELLS’ CEO Charles Kim remarked: “The completion of the Maywood
Superfund project is a significant milestone for Hanwha Q CELLS, but also for
the solar industry as a whole in overcoming the legal, financial, regulatory
and construction hurdles to create a virtuous cycle, and develop a higher use
for brownfield, idle land. In completing a non-subsidized Superfund project,
Hanwha Q CELLS has broken a barrier that has frustrated solar project
developers for more than 20 years. We are looking forward to future, similar
projects.”

Safeguarding project economics, Hanwha Q CELLS completed project construction
at, or below, market costs – while managing additional site and environmental
requirements. Hanwha Q CELLS employed an internally-developed and adaptive
construction methodology in concert with US EPA to meet existing site
environmental covenants. The proprietary Hanwha Q CELLS Soil Disturbance
Minimization Plan resulted in a volume reduction of site soil movement of more
than 93% over conventional construction approaches, while also minimizing the
potential for exposing known underground hazards, impairing the existing site
environmental remedy, or creating human exposure to site hazards.

“This innovative solar project demonstrates that Superfund sites can be
redeveloped – to generate economic benefits for the local community and clean
renewable energy for homes and businesses," said US EPA Regional Administrator
Susan Hedman. "US EPA is proud to have played a role in the Maywood Solar Farm
project, which has transformed a site with a long history of contamination
into a source of renewable energy for the future."

About Hanwha Q CELLS

Hanwha Q CELLS is headquartered in Germany and one of the world’s leading
photovoltaics companies, offering a wide range of high quality photovoltaic
products, solutions and services “Engineered in Germany”. Next to its premium
quality products from high-quality solar modules to systems and power plants
the company also offers long-term partnership and financial stability being
part of the South Korean Top-Ten business enterprise Hanwha Group. 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, Hanwha Q CELLS is the reliable partner for PV
customers around the globe. For more information, visit:

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.

About PNC

PNC Bank, National Association is a member of The PNC Financial Services
Group, Inc. (NYSE: PNC). PNC (www.pnc.com) is one of the United States’
largest diversified financial services organizations, providing retail and
business banking; residential mortgage banking; specialized services for
corporations and government entities, including corporate banking, real estate
finance and asset-based lending; wealth management and asset management.

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20140409005389/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50840782&lang=en

Contact:

Hanwha Q CELLS USA
Aude Schwarzkopf, +1-949-748-5996 x122
Product/Marketing Manager
aude.schwarzkopf@hqamericas.com
 
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