Welcome!

News Feed Item

Tiendas Soriana, Hanwha Q CELLS, and ILIOSS® partner to install 31 MW of solar power in Mexico

- Q CELLS systems to be installed at 120 retail stores across the country

MONTERREY, Mexico, March 24, 2014 /PRNewswire/ -- Tiendas Soriana S.A. de C.V., Mexico's second largest retail company, and Hanwha Q CELLS, one of the world's leading full-service solar power companies, today announced a 20-year Power Purchase Agreement (PPA) for 31 megawatts (MW) of photovoltaic (PV) solar power at 120 retail locations across Mexico that will create significant long-term energy savings for Soriana. The agreement lays the foundation for a long-term partnership, which could lead to new installations at additional Soriana stores in the future.

Hanwha Q CELLS will partner with Mexican developer and construction company ILIOSS to install rooftop and carport systems in Soriana's stores in Mexico City and the states of Mexico, Jalisco, Queretaro and twelve others. Soriana will reduce a significant portion of their energy demand by using onsite solar power while fixing its long-term energy cost.  Hanwha Q CELLS will finance all 31 MW.

Hanwha Q CELLS and ILIOSS have already begun construction on the first seven solar systems in Baja California Sur, which will feature more than 12,000 high-efficiency, German engineered Q CELLS Q.PRO-G3 250 W panels to provide approximately 3.05 megawatts of combined generation capacity.  Construction on all 120 sites is expected to be completed by early 2015.

"Soriana is an ideal partner for a solar project of this scale in Mexico," said Alejo Lopez, Hanwha Q CELLS Country Manager for Mexico. "Solar power makes strong economic sense for many large retail and industrial energy users in Mexico, even without any government subsidies."

"With great solar resources and a positive investment outlook, Mexico is a prime growth market for Hanwha Q CELLS," said Moon Hwan Cha, Hanwha Q CELLS USA President. "The robust financial standing of the Hanwha Group allows Hanwha Q CELLS to establish long-term partnerships with customers in key markets like Mexico and other emerging markets in Latin America."

"With this association Hanwha Q CELLS, Soriana and ILIOSS join forces to provide the most advanced technology to obtain clean energy at preferential costs. This project allows Soriana to meet both its sustainability and cost saving goals" said Aurelio Adan, CFO of Soriana.

"It is a privilege for ILIOSS to partner with such great companies as Soriana and Hanwha Q CELLS on this ambitious project, the biggest rooftop project in Mexico and Latin America. Our experience and professional capacity will provide certainty on the quality of the design and construction of the solar systems." said David Arelle, ILIOSS CEO.

About Soriana
Tiendas Soriana S.A. de C.V. is a fully owned subsidiary of Organizacion Soriana (BMV: SORIANAB). Soriana is a Mexican public company and is the second largest retailer in Mexico with more than 640 stores. Soriana is a grocery and department store retail chain headquartered in Monterrey, Nuevo Leon, Mexico. The company is 100% capitalized in Mexico and is publicly traded on the Mexican stock exchange (Bolsa Mexicana de Valores), since 1987 under the symbol: "Soriana". www.soriana.com.mx

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 ILIOSS
ILIOSS provides solutions for energy sale, financing, engineering, procurement, construction and operation of solar energy systems. ILIOSS is the leading Mexican solar developer and EPC company with the highest rooftop PV power installed. Among its clients there are recognized commercial and industrial companies and real estate developers. www.ilioss.com.

SOURCE Hanwha Q CELLS USA

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the USA and Europe, we work with a variety of customers from emerging startups to Fortune 1000 companies.
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Cloud Expo, Inc. has announced today that Aruna Ravichandran, vice president of DevOps Product and Solutions Marketing at CA Technologies, has been named co-conference chair of DevOps at Cloud Expo 2017. The @DevOpsSummit at Cloud Expo New York will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and @DevOpsSummit at Cloud Expo Silicon Valley will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
Join IBM November 2 at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how to go beyond multi-speed it to bring agility to traditional enterprise applications. Technology innovation is the driving force behind modern business and enterprises must respond by increasing the speed and efficiency of software delivery. The challenge is that existing enterprise applications are expensive to develop and difficult to modernize. This often results in what Gartner calls ...
NHK, Japan Broadcasting, will feature the upcoming @ThingsExpo Silicon Valley in a special 'Internet of Things' and smart technology documentary that will be filmed on the expo floor between November 3 to 5, 2015, in Santa Clara. NHK is the sole public TV network in Japan equivalent to the BBC in the UK and the largest in Asia with many award-winning science and technology programs. Japanese TV is producing a documentary about IoT and Smart technology and will be covering @ThingsExpo Silicon Val...
Translating agile methodology into real-world best practices within the modern software factory has driven widespread DevOps adoption, yet much work remains to expand workflows and tooling across the enterprise. As models evolve from pockets of experimentation into wholescale organizational reinvention, practitioners find themselves challenged to incorporate the culture and architecture necessary to support DevOps at scale. In his session at @DevOpsSummit at 20th Cloud Expo, Anand Akela, Senior...
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Analytic. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...