Hanwha Q CELLS GmbH has this week observed grid connection of the first megawatt of the Company's solar PV portfolio in Poland.
Mauro Di Fiore, VP of Hanwha Q CELLS' EPC division, said: "The secured revenue stream and rate of return guaranteed by the Polish government makes this 45MW solar PV portfolio an attractive investment in a market that we feel is growing in confidence and opportunity. "
"For a company like Hanwha Q CELLS, which has been steadily expanding its EPC activities worldwide, Poland's renewable energy auctions represented an ideal occasion to showcase our skill and experience in controlling several steps of the solar value chain - from project rights acquisition and logistical supply of our industry-leading solar modules, through to EPC and O&M activities."
Amit Yalov, Head of Project Finance for Hanwha Q CELLS, added: "Our PV portfolio represents a significant portion of Poland's future installed capacity, and we are very proud of our position in the market. We are keeping a close eye on the RES regulation developments and are preparing for the next auction. "
"Moving forward, we intend to further increase our portfolio in Poland and strengthen our standing in the Polish energy market."