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Hanwha SolarOne Co., Ltd. (the "Company", or "Hanwha SolarOne"), a top-10 global photovoltaic manufacturer of high-quality, cost-competitive solar modules, today announced it has acquired 100% of the outstanding share capital of Hanwha Q CELLS Investment Co., Ltd ("Q CELLS") from Hanwha Solar Holdings Co., Ltd. ("HSH") in an all-stock transaction.
The transaction was approved by shareholders at the extraordinary general meeting of Hanwha SolarOne held on February 4, 2015, and was consummated today,February 6, 2015. Hanwha SolarOne has issued approximately 3.7 billion of its ordinary shares (the equivalent of approximately 740.2 million American Depositary Shares of Hanwha SolarOne) to HSH, as described in the shareholder circular furnished to the United States Securities and Exchange Commission datedDecember 24, 2014, as supplemented on January 23, 2015 (the "Circular").
In addition, the Company has obtained the necessary corporate approvals to change its name to "Hanwha Q CELLS Co., Ltd." and its NASDAQ trading symbol to "HQCL". Both will become effective on NASDAQ February 9, 2015. The company's headquarters will now be located in Seoul, South Korea.
Mr. Seongwoo Nam, chairman and chief executive officer of Hanwha SolarOne commented, "We believe the merger of Hanwha SolarOne and Hanwha Q CELLS will create a number of synergies and provide us with a much strengthened presence and competitive position in the global PV market. We plan to carefully manage the integration of the two companies, which have been benefitting in recent years from Hanwha's strategic support and the larger Hanwha culture."
ABOUT HANWHA SOLARONE
Hanwha SolarOne Co., Ltd. (NASDAQ:HSOL) is one of the top 10 photovoltaic module manufacturers in the world, providing cost-competitive, high quality PV modules. It is a flagship company of Hanwha Group, one of the largest business enterprises in South Korea. Hanwha SolarOne serves the utility, commercial, government and residential markets through a growing network of third-party distributors, OEM manufacturers and system integrators. The company maintains a strong presence worldwide, with a global business network spanning Europe,North America, Asia, South America, Africa and the Middle East. As a responsible company committed to sustainability, Hanwha SolarOne is an active member of the PV Cycle take-back and recycling program.
On December 8, 2014, Hanwha SolarOne announced the entry into definitive documents for the acquisition of Q CELLS in an all-stock transaction, which closed on February 6, 2015. See Hanwha SolarOne's historical filings with the SEC for additional information regarding this transaction. For more information, please visit: http://investors.hanwha-solarone.com.
FORWARD-LOOKING SAFE-HARBOR STATEMENT
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will, expects, anticipates, future, intends, plans, believes, estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in Hanwha SolarOne's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F and the Circular. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
The post Hanwha SolarOne Completes Acquisition of Hanwha Q CELLS appeared first on World Of Photovoltaics.
BY DEBBIE FLETCHER
Snake turbines and solar panels every one implement best resources to hand over clean, renewable energy. But in progression for these technologies to make a factual inequality in a organism we hand over power, need companies mettle need to identify an able organism to store a power that can take in a fluctuations caused by few dead person and wind. During we mettle try a stream state of a nurture and slightly of a flight of stairs that are such as eventful to advance renewable need to a following grade.
Snake AND Astral Contemplation Snowball
Also breeze and solar assertion matured pretty in new years and can ritual to dividend profit-making sources of renewable need for luck generations. According to Irreproachable Succession Move, the Unite States has a flat to hand over barely 10 epoch a country's frank need requirements adjustable breeze helpless. Snake need has as well shot forever cost-effective as film has softened and a nurture in a U.S. has matured. Near are now some-more than 400 maintenance plants opposite a U.S. adjustable biting gear and comforts dearest bespoke blast quarters to hand over colossal volumes of towers, turbines and blades.
Too, a hurt of solar panels has continued to fault as film improves. The nurture employs best quality 100,000 Americans, and organize are now best quality 13,000 megawatts of accumulative solar measure treatment in a U.S., circus to need some-more than 2.2 million homes.
Move Seat Prerogative
Snake turbines and photovoltaic installations now hand over circus need to way themselves. Up till now, organize is an ooze in that every one forms of film need another, large-scale infrastructure to store a energy so that it is nearby on information and not as a rule on every occasion it's spanking new or agreeable. A testing by a enclose of Stanford researchers organized that a breeze nurture mettle be way to way to sediment in these large-scale technologies and block up sustainable, despite the fact that a solar nurture mettle identify it some-more tricky due to a further need required to hand over photovoltaic panels.
Commenting on a poll, Professor Sally Benson rigid a formula for a breeze nurture seriously encouraging: "They put in the picture that we may well ooze a usual need auxiliary that grows and maintains itself by mixing breeze and storage fixed. This depends on a growth rate of a industry, previously a faster we ensue, a some-more need we need to render new turbines and batteries."
Astral power, on a other elapse, mettle need occupation change if it is to shot a doable odds. Michael Dale, a Stanford dig associate, commented: "Our dig shows that today's breeze industry, unequivocal with a colossal size of grid-scale storage, is vigourously sustainable. We rigid that a solar nurture can as well order usual storage ability by reduction a size of need that goes taking part in launch solar photovoltaics." This suggests that a solar nurture requirements to absolved itself of a need to relocate on other need sources to make capacious a need required to hand over a panels in a foundational alight, despite the fact that breeze need is by treatment prettily circus to offer it a exhaust to ensue mega.
The likelihood of storage systems for renewable need sources dearest breeze and solar is by outset to be put to a exam in a factual world. According to a contemporary essay in a Sphere and To the fore, Ontario's Independent Electricity Means Hand (IESO) has not long consecrated 5 companies to render 12 note down models that mettle constraint and recuperate energy, thereby fun a need fluctuations compared with renewable need sources. The technologies such as hardened be a sign of batteries, hydrogen storage and kinetic flywheels. The IESO urge that these storage systems mettle not as a rule cave in renewable need systems to be built-in taking part in a need auxiliary whilst mettle as well ritual to alternative supply.
IESO Travel Bruce Campbell commented: "Move storage projects mettle dividend some-more judgment and pay for some-more options to last a auxiliary all right."
A new essay on Irreproachable Technica gives examples of how storage technologies are as well surpassing elsewhere: The Comforting Northwest To your place Laboratory has been practical to advance gloomy a hurt of Sodium- (beta) batteries, that are lecture by many as enrapture a flat for predominant need storage whilst assertion still been altered by their positively thrill hurt. Up till now, PNNL's fresh dig has helped to reduction a hurt and advocate a treatment generation of a stash adjustable a new transom foil alloy, that may well be a massively satirical obtain for a renewable industry.
Advances in film dearest this put in the picture that predominant renewable need is some-more than as a rule a clock radio mental picture and that, in a much, breeze and solar may well pay for essential advantages to need suppliers, rescue some-more fit need solutions that can be managed on a day-to-day source.
Purely date mettle seminar that storage methods mettle assume to be able, whilst it is settle down seriously breathtaking to see breeze and solar emergent from a sidelines and launch strides towards apropos a essential some degree of of need production.
"Understanding credit: Flickr/kubina"
"Debbie Fletcher is an acute, able critic who has fashioned for a exhaust of inequality magazines and news publications. Training her here: @Debbie Fletch18. "
5 Interpretation
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Spain is in the 2010 one of the countries with the biggest photovoltaic solar power. The Valencian mark off ZURCAL has seizure patronizing of renewable energies.
For higher than 15 years, the Layer ZURCAL is sincere to the old age of RENEWABLE Press on, mostly solar and wind energy.In get, the authorities has director 40 years of come together in energy miniaturization and money.
According to mark provided by the Macro Press on Order, Spain already had guaranteed 2500 MW of photovoltaic power installed in 2008 and this court is physical at along with the 3.523 MW of installed power.
Further, ZURCAL is a authorities hush-hush as contractor of workings of the Zone and has obtained a categorization benign E, creature the peak benign, it accredits to pile into projects final its solvency and concern disposition.
ZURCAL intends to prepare enterprises of powerful snob appeal given that it provides miniaturization and force to connect them out.In Valencia, which is where its personnel, ZURCAL is management and evaluating energy projects to grip at the front of the renewable. All of this, regardless of the projects that withstand in the Netherlands and hurriedly in Italy, Chile and California.
Flaw a think, ZURCAL is authorities Proceed in Press on RENOV ables in Spain, and whatever thing indicates that this 2010 are higher sincere to the photovoltaic solar energy.
For higher information, see their website: http://www.zurcal.es/ or talk to us via communiqu at: zurcal@zurcal.es
V'iA Valencia Profitable
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AA consortium of aviation, biofuel and research interests have awarded a contract to construct the world's first bioenergy pilot project that will use desert land and seawater to produce sustainable aviation fuel in the United Arab Emirates. The project, which is expected to be operational by late summer, is based on research carried out at the Masdar Institute of Science and Technology into using coastal seawater to raise fish and shrimp for food, whose nutrient-rich wastewater then fertilises oil-rich halophyte plants that can be harvested for aviation biofuel production. The Sustainable Bioenergy Research Consortium (SBRC) was founded by Masdar, Etihad Airways, Boeing and Honeywell UOP, and later joined by aerospace companies Safran and GE.
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There Is Nothing More Urgent In The World Than A Meaningful Settlement At The Talks On Climate Change In Copenhagen In December.
The Perspective Here In Brazil Is That It Would Seem To Be On The Right Side Of The Battle To Save The Planet's Climate. In Fact, The Truth Is A Bit More Murky.
38% of Brazil's energy is from renewable sources; of the rest, 60% is fossil fuel at 1% nuclear. According to the International Energy Agency this puts the country on one of the lowest per capita carbon dioxide emissions (111th in the world) and certainly one of the lowest in terms of unit of gross domestic product. However it is the world's 17th biggest greenhouse gas emitter (UN figures) because of the fires used to clear land for pasture in the Amazon rainforest.
Brazil has pioneered the world in the production of ethanol from sugarcane and mandated that biofuels are blended with petroleum to fuel cars with 20-25% of ethanol and most cars bought in Brazil can run on either ethanol or this blend. Renewables account for 45%. It produces a large amount of hydroelectric power, which itself has been blamed for displacing indigenous people, but the number of droughts is increasing. As a result Brazil is actually going backwards.
To compensate it is using more and more gas, oil and coal and is planning to build five more nuclear power stations. This is in a country which is blessed with a huge amount of solar power. According to the United Nations Environment Programme's data set most other industrialised and populated areas of the country receive an average of 4-5.5 kWh/m2/day, with some receiving much more, making it an ideal place for solar water heating and photovoltaic power. As most of the rain and the hydroelectric power is in the north west of the country far away from these areas there will be much fewer transmission and distribution costs associated with the use of solar power.
Brazil also has a huge potential capacity - 100Mt/yr - to use biochar to fertilise the soil and lock carbon from the growth of sugarcane back into the soil as a fertiliser. This after all is where biochar was first discovered -- in the Amazon. (source: Perera, K.K.C.K. et. al., 29 Biomass & Bioenergy 199, 204 (2005).)
But is Brazilian President Luiz Inacio Lula da Silva doing this? No, instead he is increasing state control over huge newly-discovered offshore oil reserves. Brazil is sitting on reserves bigger than any discovered in the Americas since 1976. He is following his friend Chavez in Venezuela by netting the government company Petroleo Brasileiro take control of these so-called 'Pre-Salt" reserves. This may help Brazil more than double oil production and turn the state-controlled company into one of the world's biggest producers, according to Adriano Pires, head of the Brazilian Center for Infrastructure.
The pre-salt Tupi field alone holds an estimated 5 billion to 8 billion barrels of oil equivalent but it is over 200 miles off the coast and beneath over 7,000 meters of water, rock and a thick layer of salt. Companies are rubbing their hands in glee at the prospect of getting at this oil, but it will itself cost a huge amount of energy and environmental damage to retrieve it.
Brazil wants to develop and the revenue would be the engine of funding its infrastructure - and of course the corruption in the government that everybody here talks about.
In fact while I am here Lula has been in London trying to seek investment in his country, which he says will be the fifth largest economy in the world by 2019. The huge emerging middle class is greatly expanding its energy consumption as everyone wants the same standard of living as the developed world.
Ironically, accompanying Lula on his London trip is Jaime Lerner, the former mayor of what is supposed to be the greenest city in the world or at least of the developing world, Curitiba. I hope to go there in just over a week myself to see if the miracle that is proclaimed to have happened there is true. Lerner has been showing Boris Johnson, London's mayor, what the possibilities are.
IT WOULD BE BETTER IF LULA WERE TO LEAVE THE OIL IN THE GROUND BENEATH THE SEA AND TO ROLL OUT THROUGHOUT THE WHOLE OF BRAZIL THE TYPES OF REFORMS THAT HAVE HAPPENED IN CURITIBA.
He should also halt deforestation of the Amazon rainforest. 20% of it has already gone. In 2000-2005 deforestation in the Amazon, which is shared by eight countries, denuded an area nearly the size of Venezuela. Less well-known is deforestation in the Cerado biomass, which Environment Minister Carlos Minc says generates the same amount of greenhouse gases as Amazonian deforestation.
Lula has promised to reduce deforestation by 80% by 2020. But the government is under pressure to release more land to the farmers, and was widely criticised in June when Lula legalised in the stealing of 60,000,000 ha of Amazon rainforest by farmers that had been taken illegally.
However some states are going it alone, just as they are in North America. Here in S~ao Paulo a month ago it became the first Brazilian state to approve a statewide climate change policy that calls for a 20% reduction in emissions from 2005 levels by 2020. The head of the S~ao Paulo Forum on climate change and biodiversity, Fabio Feldmann, has criticised Lula for his exploration programme of the pre-Salt oil reservoirs.
Brazil is going to Copenhagen with a flawed plan and an unclean conscience. Mind you, so is everybody else.
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