There are indications the Trump administration may be closing in on a deal with Chinese authorities but, for now, the trade war goes on.
The South Korean PV manufacturer has finalized its plan to merge with Hanwha Solar. The company will no longer be listed on the Nasdaq stock exchange and will continue as a wholly owned subsidiary of Hanwha Chemicals.
The South Korean PV manufacturer saw sales increase slightly in the last quarter. Net losses, however, more than quadrupled compared to the previous period.
Hanwha Q Cells is continuing its collaboration with CGN Power Group. The manufacturer is delivering its Q.Peak-G5 mono-crystalline PERC solar modules to a 150 MW site in China’s Hubei province.
The Korean-European PV maker has revealed that its new U.S. factory will make modules based on half-cut monocrystalline cells using passivated emitter rear contact (PERC) technology.
The transaction, expected to be finalized next month, will be made through the purchase by the Advanced Materials business of the holdings of Q Cells’ three main stakeholders. The company told pv magazine the operation is intended to enhance the group’s solar growth strategy.
Taiwan-based analyst firm, WisolPro says the global capacity for PERC cells is rapidly increasing, with the technology likely to replace polycrystalline cells. HJT, thin film, and n-type PERT technologies are also on the rise.
With Hanwha Solar Holdings already owning 94% of the company, the module manufacturer could soon be a private company again. The Korean solar company says the transaction would cost the holding company around $45 million.
The South Korean government has revealed plans to introduce new environmental guidelines and rules on where PV projects can be built, following a public outcry after a landslide smashed into an operational solar array south of the city of Daegu.
At the smarter E-Intersolar Europe trade show this week, awards have been given to the technologies driving the energy transition to a low carbon future. Prizes include the Intersolar Award, recognizing PV technology; the EES prize for storage innovation; and the smarter E awards – one of which was given to an off-grid agricultural project in Australia.
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