Hanwha Group Launches Hanwha Q.CELLS

Published October 25th 2012 at 1:36pm
Hanwha L&C  Hanwha Q CELLS 

Hanwha Group today launched Hanwha Q.CELLS. The launch marks the completion of the acquisition of German solar company Q.CELLS. Mr. Charles Kim will lead Hanwha Q.CELLS as CEO, joining the company from Hanwha SolarOne. Mr. Min Su Kim will replace Mr. Charles Kim as the president of Hanwha SolarOne and joins the company from Hanwha Group. 

The launch of Hanwha Q.CELLS establishes Hanwha as the third largest solar manufacturer in the world. Hanwha's 2.3GW of manufacturing capacity is distributed across Germany, Malaysia and China, a competitive advantage to supply any region in the world, free of trade sanctions.

"The synergies between Q.CELLS and Hanwha offer a rare opportunity to quickly build a world leading solar company," said Charles Kim, CEO of Hanwha Q.CELLS. "The Q.CELLS track record of quality, innovation and excellence align with Hanwha Group's financial resources, manufacturing expertise and global customer network to form one of the strongest solar companies in the world, ready to lead the industry into a new era."

The launch of Hanwha Q.CELLS follows strategic investments by the Hanwha Group to broaden solar offerings to the system and accelerate technology developments ranging from advanced cell technology to system optimization for lowering LCOE (Levelized Cost of Electricity), EPC (Engineering, Procurement and Construction), and project development capabilities. These strategic investments include innovative companies like Crystal Solar, 1366 Technologies, tenKsolar, Silent Power and OneRoof Energy. Hanwha Group also established Hanwha SolarEnergy in 2011 to deliver integrated solar power plant solutions encompassing development, construction, operation and project financing, in addition to the recently opened €10 million advanced R&D center in Silicon Valley, Calif., U.S. in April 2012. With the launch of Hanwha Q.CELLS, Hanwha now has four R&D centers around the world.

"With a 60-year track record of industrial leadership, Hanwha Group is committed to becoming a global leader in addressing the energy challenges of a dynamic global economy," said Ki-Joon Hong, CEO of Hanwha SolarOne and vice chairman of Hanwha Chemical. "Our commitment to solar extends beyond building a successful business. We are dedicated to making solar the most reliable source of energy on Earth."

Hanwha Group acquired the following assets from Q.CELLS:

•  Headquarters, R&D center and administrative operations in Germany.
•  200MW cell and 120MW module manufacturing facilities in Germany.
•  800MW cell manufacturing facility in Malaysia.
•  Entities in the U.S., Australia and Japan.
•  34 patents.
•  1,225 employees.


ENF Profiles For Companies Mentioned in This Article

Hanwha L&C (Solar Materials): http://www.enfsolar.com/directory/material/5852
Hanwha Q CELLS (Solar Panels): http://www.enfsolar.com/directory/panel/772
Hanwha Q CELLS (Solar System Installers): http://www.enfsolar.com/directory/installer/772
PV industry news is republished free of charge, please send your news to