Feb. 11, 2014 - UK based developer AGR teams up with Hanwha Q CELLS to deliver a new, 24.3MW solar installation in Stowbridge, Cambridgeshire. Once complete, the ground-mounted plant will boast a total of 94,500 Q.Pro-G3 solar panels generating an estimated 22,445MWh of clean energy per year – enough to power 24,800 local households and save approximately 9650 tons of carbon emissions each year.
AGR lead the project development of the Stowbridge project, with Hanwha Q CELLS, taking the lead on construction, delivering the park under an EPC (Engineering, Procurement, Construction) contract and supplying its "Engineered in Germany" PV modules. Completion of the project and full grid connection is scheduled for March 2014.
Full-Service-Provider in power plant solutions
"The Stowbridge project strengthens our footprint in the attractive UK market and underlines our position as full service provider for advanced power plant solutions – from design development through to the supply of high-class modules to EPC", said Frank Danielzik, Vice President EPC at Hanwha Q CELLS. "Our high quality PV power plants make sense for UK investors, since they offer attractive and reliable returns on their investments."
Competitive LCOE for secure ROI
"We are very happy to be cooperating with Hanwha Q CELLS on this project", said Oliver Breidt, one of the founders and co-owners of AGRenewables. "Together we can deliver fast and reliable development and EPC capabilities as well as attractive LCOE." The competitive LCOE (Levelized Cost of Electricity) of the power plant are a consequence of its low BOS (Balance of System) cost, low running cost and best in class yields. Additionally the minimal construction times and the successive connection to the grid with cascade structures reduce cost further and ensure the earliest possible yields of the plant.