Featured in Step on the gas – 12-2012

Q.Cells second rising

Industry consolidation: Solar PV is a major pillar of the Hanwha Groups strategy for quality growth in the future. Its acquisition, completed in October, of the bankrupt Q.Cells is a clear part of this strategy. As the new venture Hanwha Q.Cells was launched, company representatives chose to highlight synergies between the companies. But how good is the fit and how long will Hanwha remain committed to PV in the face of losses from its PV business segment? pv magazine investigates.

By

Jonathan Gifford

03 Dec 2012

It was a particularly grey day. Dark clouds sat heavily across the sky on the morning that the Hanwha Group’s acquisition of Q.Cells was completed and the new company, Hanwha Q.Cells GmbH, was launched at the company’s headquarters in Thalheim, Germany. The mood too was sober. While Hanwha’s acquisition of former solar darling Q.Cells means …

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