Canadian Premium Sand executes a Memorandum of Understanding with Hanwha Solutions
Canadian Premium Sand has entered into a memorandum of understanding with Hanwha Solutions Corporation concerning continued discussions between CPS and Hanwha with respect to a definitive commercial offtake agreement for patterned solar glass from the company’s glass manufacturing facility being developed in Selkirk, Manitoba.
Hanwha, through its Qcells Division, is the largest solar panel manufacturer in North America and is focused on establishing a comprehensive, fully domestic, low-carbon solar supply chain to support its solar energy growth strategy in North America. Qcells has announced plans to nearly double total production capacity of its operated 1.7GW module factory in Dalton, Georgia. The expanded Qcells factory would represent approximately 35% of current North American solar module production.
“Following a tour of our planned facilities in Manitoba and meetings in Calgary with members of Hanwha’s management team in June of 2022, we are delighted to enter into an MOU with Hanwha regarding long-term supply of our low-carbon, patterned solar glass,” stated CPS President, Glenn Leroux. “Hanwha’s North American solar glass demand requirements of over 3GW of module manufacturing represents over 80% of our planned Phase 1 production capacity.”
CPS continues to advance other development initiatives that will bring the solar glass project to a shovel-ready status, including permitting, silica sand resource upgrading and testing and ongoing negotiations to convert other existing expressions of interest to commercial offtake agreements.
Image: Qcells could take 80% of the Canadian Premium Sands patterned solar glass capacity.