Q-Cells

Hanwha Q CELLS Co., Ltd.
Public
Traded as NASDAQ: HQCL
Industry Photovoltaics
Founded 2012 (2012)
Headquarters Seoul, South Korea
Thalheim, Germany (technology and innovation)
Key people
 Hee Cheul Kim (CEO), Kye Chun Son (CFO), Dr. Andreas v. Zitzewitz (COO), Koo Yung Lee (CCO)
Products Photovoltaic cells
solar modules
Services Development and installation of solar parks
Number of employees
 1,350 (2014)
Website www.hanwha-qcells.com

Hanwha Q CELLS Co., Ltd. is a manufacturer of photovoltaic (PV) solar cells with headquarters in Seoul, South Korea and for technology and innovation in Thalheim, Germany. The current company was created in February 2015 by combining Hanwha SolarOne and Hanwha Q CELLS. It is a subsidiary of the Hanwha Group. The company operates under brands Q CELLS and Hanwha Solar.

History

Q-Cells

Q-Cells was established in 1999. Since 2012 it is a part of the Hanwha Group.[1][2]

In 2011, all stakes in the CdTe PV manufacturer Calyxo GmbH were sold to Calyxo USA Inc (formerly known as Solar Fields LLC), a U.S company based in Perrysburg, Ohio.[3][4]

The company's former subsidiary and manufacturer of CIGS panels, Solibro, was sold to China-based multinational company Hanergy in September, 2012.[5]

Key Figures

Business year Revenue
(in Mio. €) 		EBIT
(in Mio. €) 		Employees Production capacity
(in MWp)
2002 17.3 0.9 82 9,3
2003 48.8 5.3 207 27.7
2004 128.7 19.6 484 75.9
2005 299.4 63.2 767 165.7
2006 539.5 129.4 964 253.1
2007 858.9 197.0 1,707 389.2
2008 1,251.3 205.1 2,568 574.2
2009 790,4 −362.5 2,780 551
2010[6] 1,354.2 82.3 2,379 1,014
2011[7] 1,023 −720 > 2,000 783

SolarOne

The company was established in 2004 in China as Solarfun Power Holdings by Linyang Electronics. In 2006, Solarfun was listed at NASDAQ. In 2008, Solarfun acquired a manufacturer of silicon ingots Jiangsu Yungguang Solar. In 2010, 49% of company shares was acquired by Hanwha Chemical, a subsidiary of the Hanwha Group. Consequently, the company was renamed Hanwha SolarOne. According to PVinsights, in 2010 it was seventh largest photovoltaic module producer in the world.[8]

Operations

The company develops and produces crystalline silicon photovoltaic cells, panels, and silicon ingots and wafers.[9] It has production facilities in China, Malaysia and South Korea. Its two most important markets are Europe and Japan.[10]

Q CELLS Thalheim (Bitterfeld-Wolfen)

See also

References

  1. ↑ Solar Novus Today: Hanwha Q Cells Achieves Positive Q1 Results. 14.05.2014.
  2. ↑ Ee news: "Intersolar: Q.ANTUM Technologie von Hanwha Q CELLS". 06.06.2014.
  3. ↑ "Company—Yesterday to Tomorrow". Calyxo. Retrieved July 2015. 2011/02 Solar Fields LLC takes over Q-Cells shares Check date values in: |access-date= (help)
  4. ↑ "Company Overview of Solar Fields LLC". Bloomberg Business. Retrieved July 2015. Check date values in: |access-date= (help)
  5. ↑ "About Us". Official website of Solibro. Retrieved 21 February 2015.
  6. ↑ Q-Cells SE. "Geschäftsbericht 2010" (PDF). Retrieved 2011-03-29.
  7. ↑ "Q-Cells veröffentlicht vorläufige Zahlen für das vierte Quartal sowie das Gesamtjahr 2011". Q-Cells SE. 2012-03-06. Archived from the original on 2012-03-10. Retrieved 2012-03-10.
  8. ↑ "PVinsights announces worldwide 2010 top 10 ranking of PV module makers". pvinsights.com. 2011. Retrieved May 6, 2011.
  9. ↑ Evergreen Solar and Q-Cells Announce Partnership with REC Archived October 12, 2007, at the Wayback Machine.
  10. ↑ Mitteldeutsche Zeitung 23.04.2014: Solarbranche in Sachsen-Anhalt versucht den Neustart.
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