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
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st 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 w...
SYS-CON Events announced today that Secure Channels, a cybersecurity firm, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Secure Channels, Inc. offers several products and solutions to its many clients, helping them protect critical data from being compromised and access to computer networks from the unauthorized. The company develops comprehensive data encryption security strategie...
Vulnerability management is vital for large companies that need to secure containers across thousands of hosts, but many struggle to understand how exposed they are when they discover a new high security vulnerability. In his session at 21st Cloud Expo, John Morello, CTO of Twistlock, will address this pressing concern by introducing the concept of the “Vulnerability Risk Tree API,” which brings all the data together in a simple REST endpoint, allowing companies to easily grasp the severity of t...
Recently, WebRTC has a lot of eyes from market. The use cases of WebRTC are expanding - video chat, online education, online health care etc. Not only for human-to-human communication, but also IoT use cases such as machine to human use cases can be seen recently. One of the typical use-case is remote camera monitoring. With WebRTC, people can have interoperability and flexibility for deploying monitoring service. However, the benefit of WebRTC for IoT is not only its convenience and interopera...
SYS-CON Events announced today that SkyScale will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. SkyScale is a world-class provider of cloud-based, ultra-fast multi-GPU hardware platforms for lease to customers desiring the fastest performance available as a service anywhere in the world. SkyScale builds, configures, and manages dedicated systems strategically located in maximum-security...
SYS-CON Events announced today that Datera will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datera offers a radically new approach to data management, where innovative software makes data infrastructure invisible, elastic and able to perform at the highest level. It eliminates hardware lock-in and gives IT organizations the choice to source x86 server nodes, with business model option...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st 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 w...
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
SYS-CON Events announced today that DXWorldExpo has been named “Global Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.
SYS-CON Events announced today that Massive Networks will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Massive Networks mission is simple. To help your business operate seamlessly with fast, reliable, and secure internet and network solutions. Improve your customer's experience with outstanding connections to your cloud.
When shopping for a new data processing platform for IoT solutions, many development teams want to be able to test-drive options before making a choice. Yet when evaluating an IoT solution, it’s simply not feasible to do so at scale with physical devices. Building a sensor simulator is the next best choice; however, generating a realistic simulation at very high TPS with ease of configurability is a formidable challenge. When dealing with multiple application or transport protocols, you would be...
SYS-CON Events announced today that Akvelon will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Akvelon is a business and technology consulting firm that specializes in applying cutting-edge technology to problems in fields as diverse as mobile technology, sports technology, finance, and healthcare.
Connecting to major cloud service providers is becoming central to doing business. But your cloud provider’s performance is only as good as your connectivity solution. Massive Networks will place you in the driver's seat by exposing how you can extend your LAN from any location to include any cloud platform through an advanced high-performance connection that is secure and dedicated to your business-critical data. In his session at 21st Cloud Expo, Paul Mako, CEO & CIO of Massive Networks, wil...
In his session at 20th Cloud Expo, Scott Davis, CTO of Embotics, discussed how automation can provide the dynamic management required to cost-effectively deliver microservices and container solutions at scale. He also discussed how flexible automation is the key to effectively bridging and seamlessly coordinating both IT and developer needs for component orchestration across disparate clouds – an increasingly important requirement at today’s multi-cloud enterprise.
Docker containers have brought great opportunities to shorten the deployment process through continuous integration and the delivery of applications and microservices. This applies equally to enterprise data centers as well as the cloud. In his session at 20th Cloud Expo, Jari Kolehmainen, founder and CTO of Kontena, discussed solutions and benefits of a deeply integrated deployment pipeline using technologies such as container management platforms, Docker containers, and the drone.io Cl tool. H...