Hanwha Q Cells has been commissioned to supply photovoltaic modules for 370 MW solar PV projects in Angola.
Q CELLS modules will power the largest single solar plant in the Angola project, which will be 188 MW and will be located in the commune of Biópio, the province of Benguela. A further project in Benguela is also being built by MCA using Q CELLS modules. Q CELLS is working closely with Portuguese EPC MCA on two of the seven projects, both of which will receive Q CELLS’ Q.PEAK L-G4.5 solar modules. The first of the seven solar parks are scheduled to be completed by the third quarter of 2022. Combined, Q CELLS modules will account for 287.1 MW of capacity in Angola.
To fund this transformative solar energy project which will comprise seven individual solar parks located in six different Angolan provinces, the Swedish Export Credit Corporation (SEK) has arranged an export credit line covering 85% of the entire project’s cost, guaranteed by the Swedish Export Credit Agency (EKN) and arranged by ING Bank. Korea’s export credit agency, K-Sure, also has a role to play thanks to Q CELLS’ involvement in the supply of the majority of the solar panels required for the project. South African bank DBSA has also funded the remaining 15 % of the project.
