Q-Cells SE: Q-Cells is to complete 60 megawatt project for Starwood Energy Group in North America
(firmenpresse) - Q-Cells SE / Key word(s): Enterprise/
Q-Cells SE: Q-Cells is to complete 60 megawatt project for Starwood
Energy Group in North America
DGAP-Media / 11.07.2011 / 16:01
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PRESS RELEASE
Q-Cells is to complete 60 megawatt project for Starwood Energy Group in
North America
Bitterfeld-Wolfen (Germany), 11 July 2011 - Q-Cells, one of the world's
largest photovoltaic companies, has been issued a full notice to proceed
with construction activities of a 10 Megawatt project as final part of a
combined 60 Megawatt project in Ontario, Canada. Q-Cells will implement
this project on a turn-key basis for Starwood Energy Group Global, LLC, a
private investment firm focused on energy infrastructure projects.
Investor of the project is Starwood SSM3, an affiliate of Starwood Energy
Group Global. The Starwood SSM3 project builds on the success of Starwood
SSM1, a 20MW AC project that came online in October 2010, and Starwood
SSM2, a 30MW AC project expected to be completed during Q3 2011. The solar
plant Starwood SSM3 is scheduled to be operational by the end of 2011.
Q-Cells acts as prime contractor as the company already did in case of the
two preceding projects and on top of that delivers operations and
maintenance services post-completion. The combined 60 MW AC project, when
complete, will be the second largest in North America and among the largest
in the world.
Starwood SSM3, once built, will provide power for up to 4,000 Ontario
homes, generating its power predominantly during the middle of the day, a
time of highest demand on the local power grid. The facility will also
reduce yearly carbon emissions by an amount equivalent to displacing 1,900
cars and light trucks each driving 12,000 miles per year or to planting
more than eight million trees in Ontario's forests.
'Our winning partnership with Starwood in Sault Ste. Marie exemplifies
Q-Cells' unique offering in blending its leading and processes with local
partnerships for the utility-scale market,' said Marc van Gerven, Managing
Director of Q-Cells North America. 'We look forward to rolling out our
market strategy and offering for the commercial and residential markets
with the same rate of success.'
'We are grateful to Q-Cells for their continued hard work on these
projects. We look forward to pursuing similar investments in the Ontario
renewable energy sector in the near future and applaud the strong community
and provincial support towards realizing a new green energy economy in
Ontario,' said Himanshu Saxena, Senior Vice President of Starwood Energy.
PRESS CONTACT
Q-Cells SE
OT Thalheim
Sonnenallee 17-21
06766 Bitterfeld-Wolfen
Germany
Q-Cells Corporate Communications
Ina von Spies, Alberta Rohardt
TEL +49 (0)3494 6699.10121
FAX +49 (0)3494 6699.10000
EMAIL presse(at)q-cells.com
WEB www.q-cells.com
Q-Cells Investor Relations
Stefan Lissner
TEL +49 (0)3494 - 6699 10101
FAX +49 (0)3494 - 6699 10000
EMAIL investor(at)q-cells.com
About Q-Cells SE
The Q-Cells Group is one of the world's leading photovoltaics companies and
offers a wide range of photovoltaic solutions, from solar cells and modules
to solar power plants. Q-Cells's products are developed and manufactured at
its headquarters in Bitterfeld-Wolfen (Germany) and marketed via its global
sales network. It also has a second production plant in Malaysia. More than
200 scientistsand engineers at Q-Cells are working to swiftly advance
solar technology and achieve Q-Cells' twin aims: driving down the costs of
photovoltaics quickly and permanently, and making solar power competitive.
The close links between R&D and production enable Q-Cells to rapidly
translate cutting-edge innovation into mass production - and underpin its
ambition to be at the forefront of photovoltaic technology. Q-Cells is
quoted on the Frankfurt Stock Exchange (QCE; ISIN DE0005558662) and also
listed on the TecDAX, the German technology index. www.q-cells.com
Executive Board: Dr Nedim Cen (CEO), Dr Marion Helmes (CFO), Hans-Gerd
Füchtenkort (CSO)
Chairman of the Supervisory Board: Prof Dr Karlheinz Hornung
End of Media Release
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Language: English
Company: Q-Cells SE
Sonnenallee 17-21, OT Thalheim
06766 Bitterfeld-Wolfen
Deutschland
Phone: +49 (0)3494 - 6699-0
Fax: +49 (0)3494 - 6699-199
E-mail: q-cells(at)q-cells.com
Internet: www.q-cells.com
ISIN: DE0005558662, Wandelanleihe 2012: DE000A0LMY64,
Wandelanleihe 2014: DE000A1AGZ06, Wandelanleihe 2015:
DE000A1E8HF6
WKN: 555866
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP-Media
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131612 11.07.2011
Datum: 11.07.2011 - 16:01 Uhr
Sprache: Deutsch
News-ID 34586
Anzahl Zeichen: 0
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Kategorie:
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