Hanwha Q Cells inks deal for solar panels in IndiaHanwha Q Cells said Wednesday that it signed a deal to supply 141 megawatts worth of solar modules, the HSL72, to Indian company Mahindra Susten Pvt. Ltd., an affiliate of the Mahindra Company. The solar panel produced in its Chinese factory has been exported to more than 30 countries.
Mahindra owns 280 megawatts of solar panels, and the ones from Hanwha will be used in solar-power projects in Gurajat, Tamil Nadu and Telangana provinces.
“This contract is going to help Hanwha Q Cells secure its place in the Indian market,” said Kim Maeng-yoon, a director at Hanwha Q Cells.
The company started as a Jeep assembler in 1945, and owns affiliates in transportation, finance, aerospace and trade. The company acquired SsangYong Motor in 2010.