Q.PEAK-G4.1 & Q.PEAK BLK-G4.1 PRODUCT INFORMATION Seoul, August 2016

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Presentation transcript:

Q.PEAK-G4.1 & Q.PEAK BLK-G4.1 PRODUCT INFORMATION Seoul, August 2016 Global Product Management

1 2 3 4 5 AGENDA GENERAL Product Introduction Inside Q.PEAK – The Cell Concept Q.ANTUM DIFFERENTIATION Q.PEAK – Powerful AND STRONG, Guaranteed – ANTI-LID TECHNOLOGY FOR GUARANTEED HIGHER INITIAL POWER – performance warranty Value Q.PEAK – Advantage in Energy Yield – Temperature and Low Light Performance of Q.PEAK – Advantage in Specific Energy Yield of Q.ANTUM – Simulated and Proven Q.PEAK – Reliable Performance 2 3 4 On the following slides I want to show you why we optimize our products with respect to the requirements of future PV models. I will introduce the LCOE as the key indicator of future business models and will show you the key parameters for a low LCOE. 5 Please note: If not quoted explicitly, Competitor Comparisons within the Presentation are based on Datasheet Data. Source: Internet & Intersolar Munich / June 2016

1 2 3 4 5 AGENDA GENERAL Product Introduction Inside Q.PEAK – The Cell Concept Q.ANTUM DIFFERENTIATION Q.PEAK – Powerful AND STRONG, Guaranteed – ANTI-LID TECHNOLOGY FOR GUARANTEED HIGHER INITIAL POWER – performance warranty Value Q.PEAK – Advantage in Energy Yield – Temperature and Low Light Performance of Q.PEAK – Advantage in Specific Energy Yield of Q.ANTUM – Simulated and Proven Q.PEAK – Reliable Performance 2 3 4 On the following slides I want to show you why we optimize our products with respect to the requirements of future PV models. I will introduce the LCOE as the key indicator of future business models and will show you the key parameters for a low LCOE. 5 Please note: If not quoted explicitly, Competitor Comparisons within the Presentation are based on Datasheet Data. Source: Internet & Intersolar Munich / June 2016

BACKGROUND AND OBJECTIVES PRODUCT FAMILIES Q.PEAK (Q.ANTUM) Q.PLUS (Q.ANTUM) Q.PRO (poly-BSF) The Q.PEAK is our new product family optimized for residential applications. The high performance in energy yield and power makes this module to the front-runner in the residential segment. The new optical dark appearance makes it special. The outstanding price-performance- ratio makes it superior in comparison to mono-PERC and n-type competitor products Q.PEAK Performance Quality Reliability Hanwha Q CELLS

PRODUCTS Q.PEAK-G4.1 THIS HIGH-PERFORMANCE MONO MODULE WILL TURBOCHARGE YOUR YIELDS. THANKS TO Q.ANTUM TECHNOLOGY AND ITS HIGH POWER CLASSES, IT’S IDEAL FOR RESIDENTIAL APPLICATIONS. Power ratings of up 305 Wp and an efficiency of up to 18.6 % Maximum yields under real conditions and low levelized cost of electricity (LCOE) Excellent performance in low light and extreme temperatures More performance, efficiency, and reliability – Engineered in Germany MINIMIZED LID ( Light induced Degradation) effect due to innovative technology

Reliable performance combined with superior aesthetics PRODUCT RANGE Q.PEAK-G4.1 is the right choice for residential applications Higher yields, higher power, lower system cost and brilliant aesthetics: all these features make Q.PEAK-G4.1 a very strong product. This high performer is the right solution to offer a performance-to-price optimized product as superior alternative to standard mono, PERC mono and n-type products. PRODUCT DESCRIPTION ADVANTAGES Lower system cost Minimized LID Premium quality German Engineering Lower logistic cost ANTI-PID Hot-Spot protection Optimized yield More power Q.PEAK-G4.1: Reliable performance combined with superior aesthetics

PRODUCT RANGE Q.PEAK-G4.1 Q.PEAK BLK-G4.1 Cell: Q6LQUP4-G1.0 4 busbar cell design Power classes: 295-305 Wp Low-light behaviour: 97.5 % at 200 W/m2 Temp. coefficient: − 0.39 %/K Minimized LID Applications: Residential segment Cell: Q6LQUP4-G1.0 4 busbar cell design Power classes: 285-295 Wp Low-light behaviour: 97.5 % at 200 W/m2 Temp. coefficient: − 0.39 %/K Minimized LID Applications: Residential segment

PRODUCT ROADMAP Q CELLS SOLAR MODULES Q.POWER-G4.1(BSF poly) Q.PRO BFR-G4.1 Q.PRO/Q.POWER Q.PLUS BFR-G4.1 (Q.ANTUM) Q.PLUS Q.PEAK-G4.1 (Q.ANTUM) Q.PEAK Q2`16 Q3’16 Q4’16 Q1’17 Q2’17

PRODUCT ROADMAP Q CELLS SOLAR MODULES Q.POWER-G4.1(BSF poly) Q.PRO BFR-G4.1 Q.PRO/Q.POWER Q.PLUS BFR-G4.1 (Q.ANTUM) Regarding product availability and availability of power classes please refer to your Hanwha Q CELLS Sales Representative Q.PLUS Q.PEAK-G4.1 (Q.ANTUM) Q.PEAK Q2`16 Q3’16 Q4’16 Q1’17 Q2’17

1 2 3 4 5 AGENDA GENERAL Product Introduction Inside Q.PEAK – The Cell Concept Q.ANTUM DIFFERENTIATION Q.PEAK – Powerful AND STRONG, Guaranteed – ANTI-LID TECHNOLOGY FOR GUARANTEED HIGHER INITIAL POWER – performance warranty Value Q.PEAK – Advantage in Energy Yield – Temperature and Low Light Performance of Q.PEAK – Advantage in Specific Energy Yield of Q.ANTUM – Simulated and Proven Q.PEAK – Reliable Performance 2 3 4 On the following slides I want to show you why we optimize our products with respect to the requirements of future PV models. I will introduce the LCOE as the key indicator of future business models and will show you the key parameters for a low LCOE. 5 Please note: If not quoted explicitly, Competitor Comparisons within the Presentation are based on Datasheet Data. Source: Internet & Intersolar Munich / June 2016

is Hanwha Q CELLS´ solution for the post-FIT era WHAT IS Q.ANTUM? Q.ANTUM is Hanwha Q CELLS’ unique cell concept based on the sophisticated balancing of the whole cell architecture to maximize the energy yield while ensuring lowest LCOE. Key technology features of Q.ANTUM are the patent protected rear side passivation technology via functional nanolayers, the passivated rear contacts including local doping, the high performance emitter profile and the patent protected defect engineering leading to an increased current collection avoiding any bulk degradation mechanisms. Q.ANTUM technology holds the world efficiency record for polycrystalline-based 60- cell modules (19.5 % / 301 Wp). Q.ANTUM technology has been matured and proven in mass production. Q.ANTUM technology ensures a cell efficiency of up to 22 % and makes a module power of 340 W possible. What is unique on the Q.ANTUM cell concept? Key technology features of Q.ANTUM are the patent protected rear side passivation technology by functional nanolayers, the passivated rear contacts including local doping, the high performance emitter profile and the patent protected defect engineering leading to an increased current collection avoiding bulk degradation mechanisms. This we will also see on the next slide. Q.ANTUM Technology holds the world efficiency records for polycrystalline solar cells (19.5 %) and 60 cell modules (18.5 %). It is a matured technology , proven in mass production and Q.ANTUM has headroom up to 22 % cell efficiency (which leads to 340Wp modules) Q.ANTUM Technology is Hanwha Q CELLS´ solution for the post-FIT era

Optimized power & technical application HOW Q.ANTUM technology is working THE Q.ANTUM MONO CELL Experience from Q.ANTUM poly now applied to mono Enhanced performance Higher yields In comparison to the standard poly-BSF cell concept, Q.ANTUM has an additional, functional nanolayer (red), which we call power reflector. It reflects sunlight, which was not absorbed by the silicone absorber, to increase the absorption probability by going through the absorber a 2nd time. By this the generation of positive and negative charges in the cells and due to this at the and the power is increase. In addition, the functional nanolayer is passivating the rear side of the solar cell, which reduces the recombination losses (defects) which further increases the solar cell power. These special features combined with a dark optical appearance makes Q.ANTUM to a LCOE and application optimized solar cell solution. And this I will show you on the following slides. Anti-LID technology Optimized power & technical application

Q.ANTUM: PROVEN TRACK RECORD Q.ANTUM TECHNOLOGY HAS BEEN MATURED AND PROVEN IN MASS PRODUCTION 2016 1H Capacity (GW) PERC Technology Products Launching Timeline 2.5 0.7 0.1 0.24 1.5 0.3 1.0 Longest PERC experience With over 1.5 GW produced since starting Q.ANTUM mass production in 2012, Hanwha Q CELLS has the longest experience worldwide. In comparison to the standard poly-BSF cell concept, Q.ANTUM has an additional, functional nanolayer (red), which we call power reflector. It reflects sunlight, which was not absorbed by the silicone absorber, to increase the absorption probability by going through the absorber a 2nd time. By this the generation of positive and negative charges in the cells and due to this at the and the power is increase. In addition, the functional nanolayer is passivating the rear side of the solar cell, which reduces the recombination losses (defects) which further increases the solar cell power. These special features combined with a dark optical appearance makes Q.ANTUM to a LCOE and application optimized solar cell solution. And this I will show you on the following slides.

1 2 3 4 5 AGENDA GENERAL Product Introduction Inside Q.PEAK – The Cell Concept Q.ANTUM DIFFERENTIATION Q.PEAK – Powerful AND STRONG, Guaranteed – ANTI-LID TECHNOLOGY FOR GUARANTEED HIGHER INITIAL POWER – performance warranty Value Q.PEAK – Advantage in Energy Yield – Temperature and Low Light Performance of Q.PEAK – Advantage in Specific Energy Yield of Q.ANTUM – Simulated and Proven Q.PEAK – Reliable Performance 2 3 4 On the following slides I want to show you why we optimize our products with respect to the requirements of future PV models. I will introduce the LCOE as the key indicator of future business models and will show you the key parameters for a low LCOE. 5 Please note: If not quoted explicitly, Competitor Comparisons within the Presentation are based on Datasheet Data. Source: Internet & Intersolar Munich / June 2016

POWER CLASSES – COMPETITORS` OVERVIEW n-type PERC mono Power classes of competitors as seen during Intersolar 2016 (datasheet values, 60 cells PERC mono & n-type, June 2016)

POWER CLASSES - COMPETITORS´ OVERVIEW WHY DOES Q.PEAK HAVE A CLEARLY HIGHER AVERAGE POWER CLASS THAN THE ONE OF MOST OF THE COMPETITORS? Due to different solar cell dimensions, the cell area of the Q.ANTUM Mono cell (156.75 x 156.75; 210mm diagonal) is typically 2.2 % larger than the area of most competitors´ pseudo square solar cells (156 x 156; 200mm diagonal) Increase of power due to larger cell area more concentrated power while module dimensions remain the same The long term experience in Q.ANTUM poly production, which is more challenging than mono production, results also in an efficiency advantage of Q.ANTUM Mono more experienced in e.g. texturing, lasering, printing of such type of solar cells “ANTI LID TECHNOLOGY” leads to higher power performance and enhanced warranty conditions

POWER CLASSES – COMPETITORS` OVERVIEW PERFORMANCE WARRANTY & DEGRADATION LID (Light induced degradation), which is an initial degradation effect of mono wafer-based solar cells (initial power loss of up to ~ 6%) is minimized for Q.ANTUM mono cells by a special production process (details are confidential). Initial degradation/power loss in year 1 of the performance warranty (for poly 3%) is improved for Q.PEAK-G4.1/ Q.PEAK BLK-G4.1 to 2 %. Guaranteed power after the first year is 98% of the labeled power class. With increase in year 1 and the unchanged 0.6 %/year degradation after year 1, the guaranteed power in year 25 is 83.6 %.

Q.ANTUM MONO - New ANTI-LID TECHNOLOGY B-O LID ANTI- Efficiency Activated Degraded De-Activated -6% -4% -2% 0% -8% "Activated" Boron-Oxygen Complexes Boron-Oxygen complexes consuming cell efficiency B O e "De-Activated" Boron-Oxygen Complexes Boron-Oxygen complexes permanently deactivated as part of ANTI-LID TECHNOLOGY B O e Boron (B) and Oxygen (O) present from production can become B-O complexes. These reduce the number of electrons, causing a power drop. This is known as Light Induced Degradation (LID). After Mono cells are produced they typically have unstable Boron-Oxygen complexes. The ANTI-LID TECHNOLOGY permanently deactivates B-O complexes resulting in significantly reduced LID.

WARRANTY – COMPETITORS´ OVERVIEW n-type PERC mono

Q.ANTUM - New MONOCRYSTALLINE Technology Q.PEAK-G4.1 with Anti LID 305W Labelled Power Q.ANTUM Anti LID (ALT) Ensures lower initial degradation Maintains a higher labelled power No hidden degradation in labelled power! Guaranteed 6% higher initial module power 2% Initial Degradation Guaranteed Initial Power More than 6% higher power with Q.ANTUM Competitors’ Mono PERC Module Guaranteed Initial Power 3% Initial Degradation Only 290W Labelled Power

1 2 3 4 5 AGENDA GENERAL Product Introduction Inside Q.PEAK – The Cell Concept Q.ANTUM DIFFERENTIATION Q.PEAK – Powerful AND STRONG, Guaranteed – ANTI-LID TECHNOLOGY FOR GUARANTEED HIGHER INITIAL POWER – performance warranty Value Q.PEAK – Advantage in Energy Yield – Temperature and Low Light Performance of Q.PEAK – Advantage in Specific Energy Yield of Q.ANTUM – Simulated and Proven Q.PEAK – Reliable Performance 2 3 4 On the following slides I want to show you why we optimize our products with respect to the requirements of future PV models. I will introduce the LCOE as the key indicator of future business models and will show you the key parameters for a low LCOE. 5 Please note: If not quoted explicitly, Competitor Comparisons within the Presentation are based on Datasheet Data. Source: Internet & Intersolar Munich / June 2016

TEMPERATURE COEFFICIENT Tc at Pmpp – competitors as seen during Intersolar 2016 (datasheet values, 60 cells PERC mono & n-type, June 2016) n-type PERC mono

Low light at 200 W/m2 – competitors as seen during Intersolar 2016 LOW LIGHT BEHAVIOuR Low light at 200 W/m2 – competitors as seen during Intersolar 2016 (datasheet values, 60 cells PERC mono & n-type, June 2016) n-type PERC mono 97,5

Low light at 200 W/m2 – competitors as seen during Intersolar 2016 LOW LIGHT BEHAVIOUR Low light at 200 W/m2 – competitors as seen during Intersolar 2016 (datasheet values, 60 cells PERC mono & n-type, June 2016) n-type PERC mono Some competitor modules have: better temperature behaviour (Tc) or But Q.PEAK has the best combination of both, which results in a better energy yield. better low light performance

COMPARISON OF ENERGY YIELD COMPARISON OF ENERGY YIELD RELEVANT DATASHEET DATA AVERAGE PERC MONO VS. Q.PEAK-G4.1 Average PERC mono* Q.PEAK-G4.1 Module power 293.9 Wp 300 Wp TC (Pmpp) [%/K] –0.40 –0.39 Low light performance @ 200 W/m2 96.4 % 97.5 % Number of modules 16 System size [kWp] 4.7 4.8 *Statistical analysis of datasheets incl. preparation of PAN-files based in the statistical results

COMPARISON OF ENERGY YIELD Excerpts of the Datasheet Data of PERC Mono Competitor Modules – SOURCE: Internet & Intersolar Munich / June 2016 Analyzed competitors:

Annual Specific Energy Yield COMPARISON OF ANNUAL SPECIFIC ENERGY YIELD [kWh/kWp/y] AVERAGE PERC MONO VS. Q.PEAK-G4.1 – EUROPE +2.20 % 1.768 1.730 +2.31 % 1.425 1.393 +2.58 % +2.50 % +2.53 % 1.137 1.109 1.119 1.092 1.034 1.009 Paris London Berlin Rome Sevilla average PERC mono Q.PEAK-G4.1

Total Annual Energy Yield COMPARISON OF TOTAL ANNUAL ENERGY YIELD [KWH/Y] – 16 PCS. AVERAGE PERC MONO 294 WP VS. 16 PCS Q.PEAK-G4.1 300 WP – EUROPE +4.34 % 8.487 8.134 +4.45 % 6.841 6.550 +4.72 % +4.63 % +4.67 % 5.460 5.373 5.214 5.135 4.965 4.743 Paris London Berlin Rome Sevilla average PERC mono Q.PEAK-G4.1

Annual Specific Energy Yield COMPARISON OF ANNUAL SPECIFIC ENERGY YIELD [kWh/kWp/y] AVERAGE PERC MONO VS. Q.PEAK-G4.1 – USA +2.21 % +2.12 % 2.076 2.054 2.033 2.010 +2.14 % 1.837 1.798 +2.32 % +2.38 % 1.524 1.490 1.442 1.409 Los Angeles Syracuse Phoenix Philadelphia Las Vegas average PERC mono Q.PEAK-G4.1

Total Annual Energy Yield COMPARISON OF TOTAL ANNUAL ENERGY YIELD [kWh/y] – 16 PCS. AVERAGE PERC MONO 294 WP VS. 16 PCS Q.PEAK-G4.1 300 WP – USA +4.25 % +4.34 % 9.963 9.860 9.557 9.450 +4.27 % 8.816 8.456 +4.45 % +4.52 % 7.315 7.004 6.924 6.624 Los Angeles Syracuse Phoenix Philadelphia Las Vegas average PERC mono Q.PEAK-G4.1

Annual Specific Energy Yield COMPARISON OF ANNUAL SPECIFIC ENERGY YIELD [kWh/kWp/y] AVERAGE PERC MONO VS. Q.PEAK-G4.1 – JAPAN +2.47 % +2.42 % 1.279 1.274 1.248 1.244 +2.53 % 1.211 +2.53 % +2.61 % 1.181 1.175 +2.55 % 1.171 1.152 1.146 1.142 1.124 Tokyo Fukuoka Osaka Nagoya Sendai Kyoto average PERC mono Q.PEAK-G4.1

Total Annual Energy Yield COMPARISON OF TOTAL ANNUAL ENERGY YIELD [kWh/y] – 16 PCS. AVERAGE PERC MONO 294 WP VS. 16 PCS Q.PEAK-G4.1 300 WP – JAPAN +4.61 % +4.56 % 6.140 6.117 +4.66 % 5.869 5.850 5.811 +4.67 % +4.75 % +4.69 % 5.638 5.623 5.531 5.552 5.387 5.368 5.284 Tokyo Fukuoka Osaka Nagoya Sendai Kyoto average PERC mono Q.PEAK-G4.1

Annual Specific Energy Yield COMPARISON OF ANNUAL SPECIFIC ENERGY YIELD [kWh/kWp/y] AVERAGE PERC MONO VS. Q.PEAK-G4.1 – AUSTRALIA +1.96 % 2.111 2.070 +2.02 % +2.38 % 1.908 1.870 1.818 1.776 +2.25 % 1.688 1.651 +2.25 % 1.565 +2.15 % 1.531 1.457 1.426 Alice Springs Darwin Sydney Melbourne Perth Wellington average PERC mono Q.PEAK-G4.1

COMPARISON OF TOTAL ANNUAL ENERGY YIELD [kWh/y] – 16 PCS. AVG COMPARISON OF TOTAL ANNUAL ENERGY YIELD [kWh/y] – 16 PCS. AVG. PERC MONO 294 WP VS. 16 PCS Q.PEAK-G4.1 300 WP – AUSTRALIA +4.09 % 10.132 9.734 +4.15 % +4.52 % 9.159 8.794 8.726 +4.39 % 8.348 8.103 +4.39 % 7.763 7.513 +4.28% 7.198 6.994 6.707 Alice Springs Darwin Sydney Melbourne Perth Wellington average PERC mono Q.PEAK-G4.1

Annual Specific Energy Yield COMPARISON OF ANNUAL SPECIFIC ENERGY YIELD [kWh/kWp/y] AVERAGE PERC MONO VS. Q.PEAK-G4.1 – REST OF ASIA +2.43 % 1.879 1.834 +2.68 % 1.562 +2.15 % 1.521 1.457 1.426 +2.57 % +3.14 % 1.235 1.243 1.204 1.205 Seoul Kuala Lumpur Bangkok New Delhi Wellington average PERC mono Q.PEAK-G4.1

Total Annual Energy Yield COMPARISON OF TOTAL ANNUAL ENERGY YIELD [kWh/y] – 16 PCS. AVG. PERC MONO 294 WP VS. 16 PCS Q.PEAK-G4.1 300 WP – REST OF ASIA +4.57 % 9.019 8.625 +4.82 % 7.497 +4.28 % 7.152 6.994 6.707 +4.71 % +5.29 % 5.926 5.967 5.659 5.667 Seoul Kuala Lumpur Bangkok New Delhi Wellington average PERC mono Q.PEAK-G4.1

PHOTON YIELD TEST Competitor comparison 2015 for Q.PLUS For the first half of 2015, Q.PLUS is the best poly-Si module in the PHOTON YIELD test regarding yield per area [kWh/m²]. The absolute energy yield [kWh] is normalized to the module area [m²]. In December 2014 Q.PLUS-G3 was installed at the test field in Aachen (GER) and since January 2015 Q.PLUS-G3 is part of the PHOTON YIELD test. Site Information Location Germany, Aachen Inverter Single module test Modules 170 modules in testing incl. 90 poly-Si modules Orientation/tilt 180° (south) / 28° More information at http://www.photon.info/photon_lab_modul_YM_results_en.photon?ActiveID=5281 or PHOTON print magazine

ALICE SPRINGS (AUSTRALIA) TESTING Competitor comparison Even under harsh desert conditions (hot, sunny, dry) Hanwha Q CELLS modules show top performance. Q.PRO and Q.PLUS are the top performers at the test field. Q.PLUS-system powered by Q.ANTUM shows at least 2.2 % more annual spec. yield than other competitors with BSF-technology. Site Information Location Alice Springs, Australia Test design 35 systems (incl. different technologies & installation) Inverter SMA SMC 6,000 A per system System design 5–6 kWp systems; 2 x 11 or 12 modules in series Orientation/tilt 0° (north) / 20° More information at http://dkasolarcentre.com.au/

HOW TO SECURE THE PROFIT OF A PV-SYSTEM A building will only be strong if it has a stable basement If the basement is not reliable, the whole building will be instable! Quality and Reliability are the basis for an excellent profit. Profit Module Cost BOS Reliability secures performance – that’s Hanwha Q CELLS’ key advantage Energy Yield O&M The basis: quality / reliabilty

1 2 3 4 5 AGENDA GENERAL Product Introduction Inside Q.PEAK – The Cell Concept Q.ANTUM DIFFERENTIATION Q.PEAK – Powerful AND STRONG, Guaranteed – ANTI-LID TECHNOLOGY FOR GUARANTEED HIGHER INITIAL POWER – performance warranty Value Q.PEAK – Advantage in Energy Yield – Temperature and Low Light Performance of Q.PEAK – Advantage in Specific Energy Yield of Q.ANTUM – Simulated and Proven Q.PEAK – Reliable Performance 2 3 4 On the following slides I want to show you why we optimize our products with respect to the requirements of future PV models. I will introduce the LCOE as the key indicator of future business models and will show you the key parameters for a low LCOE. 5 Please note: If not quoted explicitly, Competitor Comparisons within the Presentation are based on Datasheet Data. Source: Internet & Intersolar Munich / June 2016

Q CELLS quality assurance Reliable UNCOMPROMISING QUALITY The strictest quality assurance for ultimate reliability Three additional quality assurance programs instead of just one initial certification test 1 2 3 4 Q CELLS Quality Program VDE Quality Tested Q CELLS Triple Yield Security Initial Certification Test (IEC, UL, MCS etc.)

DIFFERENCE IN BETWEEN Q.TESTED- & IEC TESTING CRITERIA Required tests IEC certification VDE Q.TESTED Internal tests Test frequency Once, only for initial certification Continuous sampling, quarterly monitoring Continuous sampling and monitoring Thermal cycling test (TC) 200 cycles 400 cycles Additional tests Damp heat test (DH) 1,000 h 1,500 h Humidity freeze test (HF) 10 cycles 30 cycles Load test ✓ Dynamic load test before TC & HF Hot-Spot test 100 % of cell production EL test Certification module only 100 % of module production 100 % high resolution EL inspection PID test – Weekly production monitoring Used seal Q.TESTED & internal qualification: pass/fail criteria stricter than defined by norm

HANWHA Q CELLS’ DEFINITION OF PERFORMANCE Q.MONITORING – FOR EXAMPLE PID Monthly test of a randomly extracted module from each module conversion site All tested modules securely above 5% degradation fail criterion Continuous proof Hanwha Q CELLS PID test Degradation fail line Run no. /weak/year

Name Sales Rep. Tel. xxx EMAIL: www.hanwha-qcells.com