Friday, July 15, 2011

Q-Cells Confirmed in 60 MW Solar Project in Ontario, Sponsored by Starwood Energy Group

Q-Cells, one of the world's largest photovoltaic companies, has been
issued a full notice to proceed with construction activities of a 10
Megawatt project as final part of a combined 60 Megawatt project in
Ontario, Canada. Q-Cells will implement this project on a turn-key
basis for Starwood Energy Group Global, LLC, a private investment firm
focused on energy infrastructure projects.

Investor of the project is Starwood SSM3, an affiliate of Starwood
Energy Group Global. The Starwood SSM3 project builds on the success
of Starwood SSM1, a 20MW AC project that came online in October 2010,
and Starwood SSM2, a 30MW AC project expected to be completed during
Q3 2011. The solar plant Starwood SSM3 is scheduled to be operational
by the end of 2011. Q-Cells acts as prime contractor as the company
already did in case of the two preceding projects and on top of that
delivers operations and maintenance services post-completion. The
combined 60 MW AC project, when complete, will be the second largest
in North America and among the largest in the world.

Starwood SSM3, once built, will provide power for up to 4,000 Ontario
homes, generating its power predominantly during the middle of the
day, a time of highest demand on the local power grid. The facility
will also reduce yearly carbon emissions by an amount equivalent to
displacing 1,900 cars and light trucks each driving 12,000 miles per
year or to planting more than eight million trees in Ontario's

'Our winning partnership with Starwood in Sault Ste. Marie
exemplifies Q-Cells' unique offering in blending its leading and
processes with local partnerships for the utility-scale market,' said
Marc van Gerven, Managing Director of Q-Cells North America. 'We look
forward to rolling out our market strategy and offering for the
commercial and residential markets with the same rate of success.'

'We are grateful to Q-Cells for their continued hard work on these
projects. We look forward to pursuing similar investments in the
Ontario renewable energy sector in the near future and applaud the
strong community and provincial support towards realizing a new green
energy economy in Ontario,' said Himanshu Saxena, Senior Vice
President of Starwood Energy.

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