Positive first year for Hanwha Q Cells

Share

Bitterfeld-Wolfen based Hanwha Q Cells reports a positive first year since the official start of the company on October 16, 2012. The company has managed to ramp up exisiting production capacities in its global manufacturing sites, namely with its Malaysian plant seeing an increase from 800 to more than 900 MW. The total production capacity is now 1.1 GW. "We have made important steps in fully utilizing our capacities in all plants while increasing the efficiency of our production sites, thus reducing production costs significantly," stated CEO Charles Kim.

The company managed to maintain strong business in the European domestic markets and has also entered the Japanese market. For example, the company reported supplying a 4.5 MW project in France in September and a 60 MW order from Japan in July this year.

On the products front, Hanwha Q Cells introduced its new G3 product series, including Q.PRO, Q.PEAK solar modules and the Q.FLAT system for flat rooftops. Reduction of production costs and increasing performance and quality of products were said to be the company's biggest challenges. With the new products, Hanwha Q Cells reported that expectations have been exceeded. Additionally the Q.ANTUM cell technology is also apparently doing well yielding attractive LCOE.

The company remains positive about the future. Hanwha Q Cells is currently seeking more than 50 new employees to join its team.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Waaree unveils 730 W dual-glass heterojunction solar module

07 October 2024 Waaree has showcased an n-type dual-glass photovoltaic panel with a power conversion efficiency of up to 23.5%.

Share

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.