According to the Korean-version New Deal policy basis, the Korean new renewable energy market is also expected to expand continuously. The key driver of new renewable energy is solar PV energy, which has shown continuous growth even during this COVID-19 crisis, when the economy is slowing down. Therefore, proving its value as a key driver of the post-COVID-19 era.
Q CELLS, a global solar PV leader, is cited as perfect for playing a pivotal role in the Green New Deal age, based on its accumulated technology and experience.
Q CELLS’ solar PV technology has already been utilized to resolve climate change and environmental problems. Last year, Hanwha Group conducted the “Cleanup Mekong” environmental protection campaign to help solve environmental problems in one region of Vietnam, its global advance base. The Group donated two Q CELLS’ solar PV module-driven water rubbish collecting boats to Vinh Long city, Vietnam. These boats were manufactured to increase energy efficiency by utilizing Q CELLS’ high performance solar PV modules and to collect floating rubbish with conveyor systems. At 6.45m in length, 2.3m in width and 2.6m in height, the boats have been collecting 400~500kg rubbish for 6-7 hours a day on the Mekong River.
Q CELLS has recently signed an MOU with Hyundai Motor Group on joint ESS development for reuse of electric vehicle batteries. This is connected with the Korean Green New Deal policy of low carbon and distributed energy dissemination. Q CELLS will be able to discover large ESS projects by utilizing new renewable energy related customers and infrastructure in the future through cooperation with Hyundai Motor Group. When it comes to new renewable energy, one thing that cannot be left out is “Hydrogen Energy”. Hanwha Group plans to make inroads into the US hydrogen ecosystem market. For this, Q CELLS will take charge of supplying solar PV modules used for hydrogen charging. It will open a way of approaching one step closer to achieving “Zero” greenhouse gas emission by supplying power to charging stations through solar PV power generation.
Before this, Q CELLS obtained “Carbon Foot Print (CFP) ” certifications in the French solar PV market in 2014. “CFP” means the total volume representing CO₂ conversion of greenhouse gas emissions directly or indirectly produced through human activities or the entire process of product production and consumption. In bids for public procurement of renewable energy facilities in France, because “CFP” grades are reflected, it holds very significant meaning. The fact that Q CELLS obtained the low CFP grade is testament to its efforts to prevent environmental pollution even during production, in addition to its sales of eco-friendly products. Korea is also trying to introduce “CFP” for solar PV module products which is similar to that of France. “CFP” is a verification system that quantifies(CO₂•kg) total volume of greenhouse gases released from the entire solar PV module manufacturing process(polysilicon-ingot-wafer-cell-module). The Korean government plans to apply differentiated incentives for each grade by dividing modules into three grades according to their carbon emissions, later this year. When the “CFP” is introduced to Korea, Q CELLS' competitiveness will be strengthened further as the company has already made extensive efforts to reduce environmental pollution.
To overcome COVID-19 and the climate crisis at the same time, the entire world is driving policy transition to low carbon economy and society. As Korea also announced its transition to a low carbon-eco-friendly “Green Economy” through the Green New Deal, future possibilities of new renewable energy market expansion based on the government’s policy are limitless. Q CELLS will respond to global energy paradigm conversion in step with changes of the international environment. Moreover, it will lead the solar PV market with an elaborate strategy and quick response that can meet the Green New Deal policy.