Hanwha Qcells and Microsoft Partner to Build a Sustainable Solar Value Chain

0
576

Hanwha Qcells, a global solar leader, and Microsoft, a technology giant committed to being carbon negative by 2030, have teamed up to develop solar projects and provide panels and services for renewable electricity. The alliance aims to support domestic production of green energy equipment and reduce carbon emissions, while addressing the growing need for a sustainable solar value chain. This partnership is the first of its kind, marking a significant step in bringing more renewable energy to the grid and advancing the global green energy economy.

Hanwha Solutions Qcells Division (Hanwha Qcells), a global solar leader investing in building a U.S. solar supply chain, and Microsoft Corp., a global technology company with a commitment to be carbon negative by 2030, are partnering to enable a strong supply chain for new renewable electricity capacity projected to require at least 2.5 gigawatts of solar panels and related services โ€“ equivalent to powering over 400,000 homes.

Hanwha Qcells, owned by Hanwha Solutions headquartered in Seoul, will work with Microsoft to develop solar projects as well as provide panels and engineering, procurement, and construction (EPC) services to selected solar projects Microsoft has contracted for through Power Purchase Agreements (PPAs).

Also Read  NLC India Secures $100 Million Green Loan From Sumitomo Mitsui Banking Corporation

Microsoft has committed to purchasing renewable energy with a goal of achieving 100% coverage of electricity consumption with renewable energy by 2025. Microsoft is extending its sustainability activities to support domestic production of green energy equipment in the regions it operates globally. Microsoft is supporting Hanwha Qcellsโ€™ solar products, including those manufactured domestically, to bring more renewable energy to the grid. Hanwha Qcells is the only company in the U.S. that will have a complete solar supply chain and provides one-stop clean energy solutions.

Hanwha Solutions Qcells Division (Hanwha Qcells), a global solar leader investing in building a U.S. solar supply chain, and Microsoft Corp., a global technology company with a commitment to be carbon negative by 2030, are partnering to enable a strong supply chain for new renewable electricity capacity projected to require at least 2.5 gigawatts of solar panels and related services โ€“ equivalent to powering over 400,000 homes.

Hanwha Qcells, owned by Hanwha Solutions headquartered in Seoul, will work with Microsoft to develop solar projects as well as provide panels and engineering, procurement, and construction (EPC) services to selected solar projects Microsoft has contracted for through Power Purchase Agreements (PPAs).

Also Read  India and Germany Hold Talks to Strengthen Renewable Energy Cooperation

Microsoft has committed to purchasing renewable energy with a goal of achieving 100% coverage of electricity consumption with renewable energy by 2025. Microsoft is extending its sustainability activities to support domestic production of green energy equipment in the regions it operates globally. Microsoft is supporting Hanwha Qcellsโ€™ solar products, including those manufactured domestically, to bring more renewable energy to the grid. Hanwha Qcells is the only company in the U.S. that will have a complete solar supply chain and provides one-stop clean energy solutions.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.