q - cells
q cells 265w mono solar panel - q. pro bfr - g4. 1 sc 265
hanwha q cells receives
solar industry award 2015
for q. plus solar module based on q. antum technology .
the combination of solarone and q cells will result in the world' s largest maker of pv cells, and one of the largest makers of modules. photo: q cells
hanwha q cells’ q. peak duo - g5 half - cell module wins intersolar award 2018 hanwha q cells’ q. peak duo - g5 half - cell module wins intersolar award 2018 2018. 06. 21
hanwha q cells q. pro bfr - g3 255 255w poly solar panel $ 392. 70 $ 227. 00
in february 2015 they squished the two companies together to create hanwha q cells .
save energy with q cells solar modules on your roof! use the q cells solar calculator to calculate the optimum photovoltaic system for your roof and your electricity consumption .
solare datensysteme gmbh and hanwha q cells gmbh, the german... read more
despite declining results, hanwha q cells is betting on more capacity expansion in 2017 .
image source: hanwha q cells q4 2016 earnings presentation (link opens pdf) .
hanwha q cells modules achieved a “top performer” in the 2017 dnv gl pv module reliability scorecard, which puts hanwha q cells to be among the overall
top performers
.
hanwha q cells solar modules power øresund bridge and tunnel connecting denmark and sweden hanwha q cells solar modules power øresund bridge and tunnel connecting denmark and sweden 2018. 07. 05
hanwha q cells korea to install solar panels at gas stations across south korea hanwha q cells korea to install solar panels at gas stations across south korea 2018. 06. 28
q cells operations in germany and malaysia are not subject to any anti - dumping ruling .
glassdoor gives you an inside look at what it' s like to work at q - cells, including salaries, reviews, office photos, and more. this is the q - cells company profile. all content is posted anonymously by employees working at q - cells .
our q. pro - g2 is the best polycristalline module in the photon yieldmeasurement 2013 and 2014. proven quality by hanwha q cells .
while hanwha solar one and q cells are now a single company, they produce two brands of solar panels under the names hanwha solar and q cells. this can get a little confusing .
hanwha q cells co. ltd.' s yearly eps from cont. operations growth 5 years
our new products: q. peak duo - g5, q. peak duo blk - g5 and q. home + ess - g1 .
q - cells and consultant at mckinsey & co. , focused on high - tech and automotive .
hanwha q cells finishes construction of 9. 8 mw solar power plant in brandenburg, germany hanwha q cells finishes construction of 9. 8 mw solar power plant in brandenburg, germany 2018. 06. 20
hanwha q cells receives intersolar award 2017 for its innovative steel frame solar module q. peak rsf l - g4. 2, a monocrystalline q. antum module with power ratings of up to 375 wp .
hanwha q cells improves value chain to reach low and competitive carbon footprint for french solar tenders hanwha q cells improves value chain to reach low and competitive carbon footprint for french... 2018. 07. 03
q. antum solar panels combine the best features of all known cell technologies to achieve high performance levels at low cost of electricity (lcoe). this advanced technology ensures q cells solar modules achieve maximum luminous efficiency under real, day to day conditions, even under cloudy skies. learn more about q cells q. antum technology
the merger of hanwha q cells and hanwha solarone has been expected for some time since hanwha chemical and hanwha group, both interrelated korean companies, separately acquired then bankrupt q - cells and struggling chinese module manufacturer, solarfun .
former executive board member of q - cells se and founder / ceo of q - cells international (qci), the world‘s largest pv system integrator in 2009. previously partner at mckinsey & co, focused on utilities .
. the q cells brand is widely recognized in the industry for its high quality solar cells and modules, system solutions and complete power plants, with a cell and module manufacturing capacity of 1. 53 gigawatts and 130 megawatts, respectively. q cells serves customers through its international sales network covering
hanwha q cells has won “solar + power award” in the category of excellent innovation. enhancing product efficiency and quality, q. antum technology has been globally recognized once again .
in 2011, q - cells posted a loss of 846 million. as of last tuesday, the firm had a marginal value of only 35 million and q - cells' share price had plunged to just 9 cents. in bitterfeld - wolfen, concerns are growing about massive job losses among the 2, 200 q - cells workers in the city .
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seoul, south korea – july 15, 2015— hanwha q cells co. ltd. (
hanwha q cells
) (nasdaq: hqcl) today announced a new solar module supply agreement with sunrun, the largest dedicated residential solar company in the u. s. through the partnership, a subsidiary of hanwha q cells will provide sunrun with 50 mw of solar modules beginning this year. the cells and modules will be manufactured from hanwha q cells’ fully automated and efficient diversified global manufacturing facilities, including production in south korea starting in 2016 .
hanwha q cells produces panels in malaysia, china, and korea. they used to have a production line in germany, but they shipped the plant equipment to malaysia in 2012, so hanwha q cells does not produce any german made panels .
q cells’ modules are highly competitive in the residential and commercial pv sectors, which have only begun to gurgle in china .
the board of directors at hanwha q cells is committed to maintaining the highest standards of corporate governance. the board of hanwha q cells has developed corporate governance the practise to fulfill its responsibility to hanwha q cells stockholders. as part of these practices, the board has adopted the following corporate governance charters to help ensure that it has the necessary authority and procedures in place to oversee the work of management and to exercise independence in evaluating hanwha q cells' business operations. these charters allow the board to align the interests of directors and management with those of hanwha q cells corporation' s stockholders, whilst they are subject to future refinement or changes as the board may find necessary or advisable for hanwha q cells in order to achieve the above objectives .
hanwha q cells has been awarded the pv magazine award 2017 for its innovative steel frame solar module q. peak rsf l - g4. 2, a monocrystalline q. antum module with easy mounting system, reinforced steel frame and decentralised junction box .
hanwha q cells has reached positive operating results in the first quarter of 2014 and is now the largest european pv provider, the company reports. after struggling to remain profitable in 2012, german - company q cells was sold to south korean conglomerate hanwha .
q cells is one of the most popular and well - known brands of modules in the photovoltaic industry in europe and australia .
if you would like to discover more about solar solutions and q cells products, please find download material here. brochures and more
add to that the 800mw of module capacity that q cells is building in malaysia, and the combined company will have all the benefits of solarone’s low - cost chinese production alongside q cells’ ability to sell modules to the us and europe without fear of trade barriers .
i applied online. the process took a week. i interviewed at q - cells (cyberjaya (malaysia) ) in may 2012 .
the combined company will have a strategically diversified manufacturing footprint that provides significant competitive advantage. q cells brings award - winning technology and manufacturing from
executive headquarters will be located in seoul, korea, and its technology and innovation headquarters in thalheim, germany, home to q cells .
yet by swallowing q cells, solarone will have an unassailable claim to being the world’s largest maker of pv cells – catapulting past companies like yingli, trina and ja – and one of the largest module suppliers .
hanwha q cells describes their q cells panels as “engineered in germany”. while they no longer manufacture panels in that country, their headquarters for research and development are in germany and i have been told they have over 200 experts there working to improve the design and production of solar panels .
an above average product warranty with a competitive price makes hanwha q cells a good choice and i have no problem at all in recommending them .
in february 2015 hanwha q cells co. , ltd. (nasdaq: hqcl) emerged as a new global solar power leader from combining two of the world´s most recognized photovoltaic manufacturers, hanwha solarone and hanwha q cells. the combined company is listed on nasdaq under the ...
, q cells' of r & d, production and quality management enable the company to develop leading quality products, as well as manufacturing innovations and quickly transfer them into mass production. q cells' products are manufactured according to strict quality standards, mainly in the company´s production plants in
hanwha q cells and its development partner golden square energy (gse) have put two solar power plants in operation near cambridge in the uk .
put the roof of your business to work. make long - term savings on electricity costs and produce solar power with a q cells photovoltaic system .
credit suisse is serving as financial adviser and debevoise & plimpton is serving as legal counsel to solarone. citigroup is serving as financial adviser to q cells and
former head of operations at q - cells international and project manager. previously project manager at mckinsey & co, focused on operational improvement in manufacturing industries .
hanwha q cells co. , ltd. (hqcl) annual eps from cont. operations annual growth rates, year by year, research fundamentals - csimarket
hanwha q cells also have 3 other research and development centers around the world. if you are wondering where those centers are located, i will quote the chairman and ceo of hanwha q cells, seong woo nam. on the promotion of their new chief technology officer (cto) in july 2016, he said :
the overdue merger of china’s solarone and germany - and malaysia - based q cells solves problems for both companies, though it by no means guarantees their future .
hanwha q cells applies good corporate governance principles to multiple areas of the company. in addition to these guidelines, hanwha q cells has a code of business conduct and ethics and the board has also adopted charters for each of the following standing board committees: audit committee, compensation committee, and nomination and governance committee .
the q cells q. pro bfr - g4. 1 sc 265 265w pv module boasts it' s top performances, the new q. peak blk - g4 is the aesthetic model photovoltaic module. the fourth module generation from q cells has been optimized across the board: improved output yield, higher operating reliability and durability, quicker installation and more intelligent design. the new q. pro bfr - g4. 1 is the result of the continued evolution of our q. pro family. thanks to improved power yield, excellent reliability, and high - level operational safety, the new q. pro bfr - g4 generates electricity at a low cost (lcoe) and is suitable for a wide range of applications .
they are the same company with different divisions. hanwha purchased q cell in 2013 and is managing it as a stand alone business unit. q cells will be strong in the north american market and hanwha will pull back efforts on the us market .
the datasheets for q cells panels gives their highest efficiency as 16. 8% , but do not clearly show their corrosion resistance certification. but, matt scadden, the sales manager of hanwha q cells australia, assures me they are fully certified for corrosion resistance and, like the hanwha solar panels, are suitable for installation anywhere in australia .
as a photovoltaic manufacturer, q cells engineers its award winning and certified solar modules in germany. we guarantee maximum output even in ambient light conditions. rely on the test winner
the merger of hanwha solarone and hanwha q cells is set to proceed in a deal estimated to cost hanwha solarone around us $ 1. 2 billion in an all - stock transaction .
q cells solar products are way ahead of the competition when it comes to quality, as testified by a wide variety of awards, certificates and world records for efficiency. we set the standards
q - cells have told me that 2016 sales are on track to sell their entire annual capacity of 5. 4 gigawatts, which if true will advance them from 5th place in 2016 .
“we feel honored that our customers consistently put their trust in hanwha q cells. ” says maengyoon kim, head of module sales in europe at hanwha q cells. “winning the seals for the fourth year in a row in europe and for the second time in australia spurs us to continue our work with the utmost commitment to offer our customers best quality and service, ” he emphasized .
), hanwha solar holdings co. , ltd. (
hsh
) and hanwha q cells investment co. , ltd. (
q cells
) announced today a definitive share purchase agreement to create a new global leader in solar power. the combined business will be the largest manufacturer of solar cells with capacity of 3. 28 gigawatts and will have a broader international footprint covering the largest and fastest - growing solar markets in the world. under the terms of the agreement, solarone will acquire 100% of the outstanding share capital of q cells from its sole shareholder, hsh, in an all - stock transaction with an implied enterprise value of the combined company at approximately
bulk discounts for hanwha qcells q. pro bfr g4. 1 sc 265 265w poly solar panel
, chief executive officer of q cells, said ,
q cells' commitment to quality, technology, and innovation has enabled us to become one of the most respected solar companies with a world - renowned product reputation and downstream expertise. the merger with solarone creates a truly global platform that will provide us with a platform to achieve greater economies of scale and facilitate expansion into important solar markets including
the company has gained further market share in its european home markets and in its single largest market, japan. in europe the united kingdom is an especially important market for the company followed by france and germany. at the same time hanwha q cells japan has reached the position as the leading foreign pv provider in japan, the company reports. moreover, hanwha q cells has been expanding its power plant solutions business. on the basis of the company´s track record of around 700mw of installed capacity in large scale power plants hanwha q cells has realized projects in the europe, the americas and asia .
q - cells are performing above my expectations, just make sure you clean your panels if it hasn' t rained heavily for a several weeks. bought from: solargain review date: 26 august 2016
so expect solarone, whose efforts to diversify into project development have not yet paid off in any meaningful way, to attempt to ride q cells’ experience and reputation into attractive project markets around the world .
it is worth remembering, too, that long before its financial difficulties, q cells had made a name for itself as a premier project developer and epc contractor – with a significant footprint in the us .
former project manager at q - cells international in charge of building several utility - scale solar power plants. 16 years of experience with pv plant projects in continental europe as project manager with qci and conergy .
q cells, which has been private since its acquisition was said to have generated approximately us $ 416. 1 million in revenue based on unaudited ifrs financial information for the six months ended june 30, 2014 .
maximum output has dropped off by about 6% since installation. q - cells were specified because we live close to the ocean and are subject to sea spray. bought from: solargain review date: 9 april 2016
q cells has not published financial results since its 2012 bankruptcy and subsequent acquisition by hanwha chemical. but based on figures that have been made public, it appears to be a far more effectively run company than solarone .
hanwha qcells q. pro - g4 265 265w poly solar panel $ 400. 96 $ 132. 50
home › solar panels › hanwha qcells q. peak blk g4. 1 290w blk / blk solar panel
premium technology and r & d: the combined company plans to leverage q cells premium technology and r & d processes to improve product performance and reliability, reduce system costs and drive increased overall return on investment for customers .
consider that q cells and its 1, 800 employees brought in revenues of $ 416. 4m during the first half of the year. solarone, with more than four times more employees, hauled in just $ 317m .
hanwha qcells q. pro bfr - g3 260 260w poly solar panel $ 416. 00 $ 233. 22
hanwha qcells q. pro bfr - g4 260 260w poly solar panel $ 390. 00 $ 218. 27
and the largest european photovoltaics provider according to global shipments from january to october in of 2014. around the globe the q cells brand is known for solar modules, system solutions and complete power plants in outstanding quality –
engineered in
the narrative we hear from hanwha q cells is similar to what we hear from every other solar manufacturer: financial results are getting worse and the world is oversupplied with solar panels, but it' s forging ahead with more capacity expansion .
former head of technology at q - cells international with focus on electrical engineering and grid connections. 17 years of experience with pv plant design and construction in continental europe with dozens of realized projects during his time at qci and solar engineering .
hanwha qcells q. plus bfr g4. 1 275 275w poly solar panel $ 352. 00 $ 181. 00
hanwha qcells q. pro bfr g4. 3 260 260w poly solar panel $ 275. 60 $ 159. 15
to many observers of the pv industry, a merger of solarone and q cells has long appeared to make sense. the big question is not whether hanwha is doing the right thing by combining the two companies, but what took it so long ?
to $ 0. 03, from $ 0. 01 achieved a year ago. hanwha q cells co. ltd.' s growrh rate for eps from cont. operations improved from - 104. 55% decline in the fiscal year 2015 .
, chief executive officer of solarone, said ,
the combination of solarone and q cells creates a formidable global leader that is well positioned for long - term growth. q cells brings industry - leading technology and r & d that can be leveraged across the combined product portfolio, and downstream expertise in development, epc and project financing. at the same time, we plan to leverage solarone' s cost - efficient module manufacturing base together with q cells' industry - leading highly efficient and fully automated cell manufacturing knowhow to further improve the combined company' s cost competitiveness. our combined scale and optimized global footprint will strengthen our strategic and financial position and should enable us to accelerate growth in the most important solar markets and increase shareholder value .
long - term yield security due to anti pid technology, hot - spot protect, and traceable quality tra. q .
hanwha qcells q. plus l - g4. 2 325 325w poly solar panel $ 463. 00 $ 204. 00
hanwha qcells q. pro bfr g4. 1 sc 265 265w poly solar panel $ 400. 96 $ 162. 00
seongwoo nam, chief executive of solarone, said :
the combination of solarone and q cells creates a formidable global leader that is well positioned for long - term growth. q cells brings industry - leading technology and r & d that can be leveraged across the combined product portfolio, and downstream expertise in development, epc and project financing. at the same time, we plan to leverage solarone' s cost - efficient module manufacturing base together with q cells' industry - leading highly efficient and fully automated cell manufacturing knowhow to further improve the combined company' s cost competitiveness. our combined scale and optimised global footprint will strengthen our strategic and financial position and should enable us to accelerate growth in the most important solar markets and increase shareholder value .
the german solar industry is at a turning point. the bankruptcy of q - cells this week shows that the days of german solar cell production are numbered. asian competitors took the lead years ago, and german government subsidies were part of the problem .
during the company´s first full year, 2013, hanwha q cells has strengthened teams at its headquarters in germany as well as at its mass production site in malaysia and increased its international sales force in order to satisfy the growing global demand. in 2014 the pv specialist has opened new offices in france as well as in the emerging markets turkey and chile. thus hanwha q cells has increased its global headcount from 1. 225 employees at the launch of the company in october 2012 to approximately 1. 350 employees at present .
charles kim, chief executive of q cells, said :
q cells' commitment to quality, technology, and innovation has enabled us to become one of the most respected solar companies with a world - renowned product reputation and downstream expertise. the merger with solarone creates a truly global platform that will provide us with a platform to achieve greater economies of scale and facilitate expansion into important solar markets including china. together with solarone, we look forward to delivering superior solar solutions to our customers and growing our global leadership position .
q cells' 1. 5gw of cell capacity, located primarily in malaysia, is top - shelf quality, and comes with an
engineered in germany
brand that is known and respected in many established pv markets where solarone' s own kit is seen as a commodity product .
the deal struck will see hanwha solarone acquire 100% of the outstanding share capital of q cells from its sole shareholder, hanwha solar holdings (hsh), in an all - stock transaction with an implied enterprise value of the combined entities of approximately us $ 2. 0 billion .
solarone noted that its solar cell and pv module production capacity was 1. 75gw and 2. 07gw, respectively, while q cells' solar cell and pv module manufacturing capacity are 1. 53gw and 130mw respectively, with plans to expand capacity further in 2015 of 800mw of modules .
click the button below to add the hanwha qcells q. pro bfr g4. 1 sc 265 265w poly solar panel to your wish list .
we' re very excited to have dr. daniel jeong as our new cto, who has demonstrated an outstanding leadership in integrating our global r & d teams located in germany, malaysia, korea and china following the merger between former hanwha q cells and hanwha solarone in early 2015. ”
seongwoo nam – who is currently chief executive of solarone, and will be chairman and ceo of the newly merged company – is justified in saying that the combined company will be a “formidable global leader”. on their own, neither q cells nor solarone have rightly been able to make that claim .
now the german - headquartered pv solutions specialist achieved growing revenues and positive earnings before interests and tax (ebit) in the first three months of 2014. moreover hanwha q cells has taken the lead among european pv companies with total shipments of 247mw and a module production volume of 244mw in q1 2014 .
it wasn' t so long ago that people viewed q - cells as an energy company of the future. at one point, it was the world' s largest manufacturer of solar cells and quarter after quarter, it topped analysts' expectations. the company proved to be a money - making machine even during the financial crisis, with some believing it might one day grow to become part of germany' s dax index of benchmark companies on the stock exchange .
expansion into downstream: the combined company will expand into downstream initially leveraging 2. 17 gigawatt global downstream pipeline (including 1. 12 gigawatt pipeline under partnership with hanwha - affiliated companies), of which 30% is in late stage and q cells' more than 700 megawatt of project installation expertise since 2007 .
q. flat - g4 is more than just a substructure for flat roofs: it forms the basis for an entire system solution from a single source .
hanwha q cells is a major manufacturer of solar panels. in 2015 they produced 3. 2 gigawatts, making them the 5th largest manufacturer of tier one solar panels in that year (just so long as you think gcl systems were slumming it in 2015 and were not yet worthy to be called tier 1) .
margins are falling across the solar industry as the rapid reduction in panel prices is hitting manufacturers' income statements. previously reported earnings from competitors canadian solar, jinkosolar, and ja solar have all showed a consistent decline in results and even losses on the bottom line. but hanwha q cells' results were particularly bad .
from q cells' perspective, perhaps the most obvious advantage to the merger is the chance to begin pushing its brand in china, the world’s largest solar market. solarone derived 30% of its module revenues from china last quarter, and has aspirations to be a major player in the distributed - generation market there .
great panels the new q. pro - g4. 1 excellent out put even in shade. bought from: solar choice australia review date: 24 november 2015
mr. justin lee, president of hanwha q cells america said ,
our modules possess the quality and high - efficiency characteristics that sunrun requires for its customers ,
mr. lee also added ,
this contract, combined with other previously announced supply agreements, has further strengthened our position as one of the leading suppliers of solar modules to the u. s. market .
this supply agreement follows hanwha q cells’ recent successful combination with hanwha solarone co. , ltd. to form a global leader in solar power and further validates the financial stability, advanced technology, and manufacturing leadership of the new company
, mr. lee concluded .
according to the statement, the combined company is planning to expand its downstream ambitions, an area solarone has been trailing rivals. combining q cells long - standing downstream expertise, solarone said it would have a pv project pipeline of 2. 17gw, which included 30% of hanwha - affiliated companies projects that were said be ‘late stage’ developments .
eupd research emphasized that participating installers rated the products from hanwha q cells positively as compared to the competition. furthermore, the scores for brand recommendation and unaided brand awareness were among the highest in the industry. only a small number of manufacturers were honored with the top brand pv seal, but rarely have companies qualified for a majority of the surveyed markets .
q - cells is the best example. the company first began outsourcing large shares of its production to malaysia in the summer of 2011. by then, it had been clear for years that germans could no longer compete with asian firms in the sector. the writing had long been on the wall and it didn' t take a clairvoyant to see it .
meanwhile, asian companies continue to steam ahead of their german competitors. in 2008, china manufactured 33 percent of the world' s solar cells, but that figure grew to 57 percent last year. this week, the german government significantly reduced its subsidies for promoting solar energy. but the boom in cheap cells will continue and it will radically change the solar energy market .
according to the terms of the transaction, solarone will issue approximately 3. 7 billion solarone ordinary shares (being the equivalent of approximately 740. 2 million american depositary shares) to hsh in exchange for the transfer of 100% of the outstanding share capital of q cells by hsh to solarone. the new shares to be issued by solarone to hsh in the transaction represent approximately 8. 09 newly issued shares for each of solarone' s currently outstanding shares on a fully diluted basis. if consummated, the transaction would result in hsh increasing its ownership of solarone from approximately 45. 7% to approximately 94% , in consideration of hsh' s transfer of full ownership of q cells to solarone. based on solarone' s
on the bright side, a single contract announced today could account for nearly a quarter' s worth of demand. if hanwha q cells can cut costs enough, it may be able to bring back profits, but there' s no guarantee - - even after winning a contract that will account for a large percentage of the next year and a half' s supply .
these are good quality cells with decent efficiency. decent output even at low solar angles, which is helpful for those of use living in tasmania. bought from: green sky australia review date: 11 march 2018
safe - harbor statement this press release contains forward - looking statements. these statements constitute “forward - looking” statements within the meaning of section 27a of the securities act of 1933, as amended, and section 21e of the securities exchange act of 1934, as amended, and as defined in the u. s. private securities litigation reform act of 1995. these forward - looking statements can be identified by terminology such as “will, ” “expects, ” “anticipates, ” “future, ” “intends, ” “plans, ” “believes, ” “estimates” and similar statements. among other things, the quotations from management in this press release and the hanwha q cells’ operations and business outlook, contain forward - looking statements. such statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward - looking statements. further information regarding these and other risks is included in hanwha q cells filings with the u. s. securities and exchange commission, including its annual report on form 20 - f. except as required by law, hanwha q cells does not undertake any obligation to update or revise any forward - looking statements, whether as a result of new information, future events or otherwise .
at the end of 2007, the company was valued at close to 8 billion ($ 10. 7 billion at today' s rates). q - cells' production facilities were located in the city of bitterfeld - wolfen, in a former lignite mining area in the eastern german state of saxony - anhalt. the area was even dubbed
solar valley ,
a play on california' s silicon valley .
but q - cells' insolvency also comes as a great shock to the germany' s solar industry. it is already the fourth major bankruptcy in a sector in crisis, and it underscores the degree to which german solar firms are being outpaced by competition from asia - - despite billions in german government subsidies granted each year to the industry. and despite solar energy gradually becoming more competitive, the setbacks are rapidly mounting .
hanwha group started in south korea as hanwha explosives inc. in 1952 and rapidly exploded into a massive international conglomeration. they acquired the german company q cells and its solar panel manufacturing capacity in germany and malaysia when it became insolvent in 2012. they also acquired solarfun, which was a chinese panel manufacturer. not wanting to be mistaken for a bunch of clowns, they changed the name of solarfun to hanwha solar one .
this press release contains forward - looking statements. these statements constitute
forward - looking
statements within the meaning of section 27a of the securities act of 1933, as amended, and section 21e of the securities exchange act of 1934, as amended, and as defined in the u. s. private securities litigation reform act of 1995. these forward - looking statements can be identified by terminology such as
will ,
expects ,
anticipates ,
future ,
intends ,
plans ,
believes ,
estimates
and similar statements. among other things, the quotations from management in this press release and the hanwha q cells’ operations and business outlook, contain forward - looking statements. such statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward - looking statements. further information regarding these and other risks is included in hanwha q cells filings with the u. s. securities and exchange commission, including its annual report on form 20 - f. except as required by law, hanwha q cells does not undertake any obligation to update or revise any forward - looking statements, whether as a result of new information, future events or otherwise .
the change can also be seen in the case of solar millennium, a company that didn' t even produce solar cells. rather, it built solar thermal power plants that transformed solar energy into thermal energy. unfortunately, it' s a technology that has recently been put on the back burner because of the availability of inexpensive photovoltaic cells. solar millennium suffered a number of setbacks when projects planned in the united states failed to materialize .
there' s really no bright sign right now for commodity solar suppliers like hanwha q cells. the industry is oversupplied, demand is falling in the short term, and margins are dropping, leading to financial losses. that' s not a good position for any company to be in, particularly when new technology like mono - perc and other high - efficiency options are becoming more highly valued than the panels manufacturers have typically made .
their panels are tier 1 and have a 12 year product warranty which is 20% longer than the 10 year product warranty most panels carry. hanwha q cells has an australian office in sydney, their panels are salt mist corrosion resistant and so are suitable for installation anywhere, and at the time of writing in october 2016 they appear to have the lowest price per watt of any panel that carries a 12 year or better product warranty .
its corporate headquarters will moved from the outskirts of shanghai to seoul (where the company will open a new 230mw module plant in mid - 2015). its “technology and innovation” headquarters will be kept in thalheim, germany – the historic home of q cells, and where it still employs more than 200 researchers and engineers. its shares will trade on new york' s nasdaq exchange. and it will still employ many thousands of factory workers in china .
for a some time now, though, the days have been growing darker in solar valley, and with this week' s bankruptcy announcement by q - cells, things are looking to get even darker. on tuesday, the company as expected submitted its official request to begin bankruptcy proceedings. the energy company of the future looks as though it may no longer have one. the company, it turns out, simply wasn' t prepared for the fast changes that have buffeted the industry .
hanwha claimed the combined entity would become the world' s largest manufacturer of solar cells with a capacity of 3. 28gw. according to npd solarbuzz data before the ihs acquisition, yingli green had become the largest solar cell producer in 2013 for the first time with production in excess of 2gw .
solarone' s board of directors, acting upon the unanimous recommendation of the special committee (the
special committee
) formed by its board of directors, approved the share purchase agreement for the transaction and resolved to recommend that solarone' s shareholders vote to approve the transaction. the special committee, which is comprised solely of independent directors of solarone who are unaffiliated with q cells, hanwha solar holdings co. , ltd. (
hsh
), hanwha chemical corporation or any of the management members of solarone, negotiated the terms of the purchase agreement with the assistance of its financial and legal advisors .
in technological terms, solar cells are relatively easy to copy and manufacture, and germany, with its comparably expensive labor market, is no longer the place to produce them. much of the manufacturing of solar cells in germany is already automated, but it is still considerably cheaper to operate a factory in a country like china, where costs are lower for everything from factory construction to paying the cleaning crew. in addition, beijing has made the solar sector a priority and the government is providing many manufacturers with loans at highly favorable interest rates. even worse, the german government has also directly and indirectly subsidized chinese solar companies to the tune of 100 million as part of development aid efforts aimed at promoting china' s green industries .
with its top performance and completely black design the new q. peak blk - g4. 1 is the ideal solution for all residential rooftop applications thanks to its innovative cell technology q. antum. the world - record cell design was developed to achieve the best performance under real conditions – even with low radiation intensity and on clear, hot summer days. low electricity generation costs higher yield per surface area and lower bos costs thanks to higher power classes and an efficiency rate of up to 18. 0% . innovative all - weather technology optimal yields, whatever the weather with excellent low - light and temperature behavior. enduring high performance long - term yield security with anti - pid technology1, hot - spot - protect and traceable quality tra. q™. extreme weather rating high - tech aluminum alloy frame, certified for high snow (5400pa) and wind loads (4000pa) regarding iec. maximum cost reductions up to 10% lower logistics costs due to higher module capacity per box. a reliable investment inclusive 12 - year product warranty and 25 - year linear performance guarantee2 .
in the medium term, fierce competition with asian companies will also likely affect other parts of the solar energy industry in germany. for example, it could hit companies like centrotherm, which manufactures machines that are used in the automated production of solar cells. development of that equipment is certainly more complex, but asian manufacturers are already presenting an increasing number of products at industry trade shows like intersolar .
the cut - throat nature of the competition, of course, is nothing new. but in recent years it has been hidden by the german boom in demand from 2009 to 2011, the result of generous efforts from berlin to promote solar power. even companies that had fallen behind the asian competition were having no trouble moving large quantities of solar cells. the situation is reminiscent of coyote running off a cliff while chasing roadrunner, running in mid - air for a few seconds and then plummeting into the abyss .
saferay was founded in 2010 by an experienced team which had previously built q - cells international from scratch into the largest system integrator of solar plants in the world within 2 years. the team' s mission is to create a new kind of independent power producer that solely focuses on solar pv. the team has completed more than 700 mw of utility - scale solar plants on five continents: europe: italy, france, czech republic, germany, uk, spain americas: canada, usa, mexico, chile asia / pacific: japan, australia saferay developed rapidly during the first two years of existence, building 45 mw during the first six month of its existence, and adding another 125 mw in the first full year of operation. the company keeps most of the powerplants on its own balance sheet. saferay is fully privately owned and has no third party investors, which allows for fast decision making and clear focus. the company is currently active in germany, chile, mexico, the us, japan, singapore and australia .
solibro gmbh is one of the world‘s leading manufacturers of cigs thin - film modules, with a production capacity of 145 mw. solibro has headquarters in thalheim, germany and a research site in uppsala, sweden, both of which work to develop trailblazing solutions for the company‘s cigs products. solibro supplies products that are sustainable and cost - effective, with extraordinary aesthetics and top quality “made in germany“ .
cigs (cu, in, ga, se 2) has the highest efficiency potential among thin - film solar cell materials. the cigs technology of solibro is based on extensive research and development carried out at uppsala university. these activities resulted in world class results, such as the current world record cigs thin - film modules with 18. 7% efficiency, and were the basis for the spin - off company solibro ab. development in uppsala is now continued with expanded resources at solibro research ab, a subsidiary of solibro gmbh .
new world record for solibro´s cigs thin - film panels for the verified efficiency of 17. 52 %
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calyxo gmbh is one of the leading german manufacturers of highly innovative cadmium telluride (cdte) thin - film solar modules and a supplier of turnkey photovoltaic systems .
since its foundation in 2005 at the solar valley in bitterfeld - wolfen, the company has been growing steadily and currently employs 175 people .
together with the american parent company solar fields, research and rapid further development of the calyxo cdte technology are being driven forward. this technology features a huge potential for cost reduction in the field of solar power generation .
at calyxo, we not only place emphasis on responsibility for our products, but also take employee satisfaction and environmental protection seriously in our general outlook and activities .
calyxo gmbh is committed to maintaining all relevant legal provisions, as well as other standards, and to realising high safety standards at the company .
by using cadmium telluride, we actually help the environment during manufacturing – for the cadmium used is a waste product from the mining industry that would otherwise have to be permanently stored at significant cost to rule out environmental impact .
/ 10 year anniversary and entry into major projects > 10 mw / record cell: 18. 5 %
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2010, suntech became the largest pv module maker in the world among silicon or thin - film technologies, with respect to shipments. the pv module shipments of suntech in 2010 was around 1. 5 gw (giga - watt). the largest thin - film pv module maker, first solar lost the pv module championship to suntech owing to its conservative pv module expansion in 2010. sharp remained in the no. 3 position and also acted as the largest japanese pv module producer .
kept showing their ambition in the shipment expansion of pv modules. yingli and trina solar were no. 4 and no. 5 respectively in 2010, which were the same as 2009 ranking. canadian went up to no
2010, while sunpower fell to no. 8 and yielded its position to canadian. rec was the first time into top 10 ranking of pv module makers, which means upstream pv material supplier are following the trend of vertical integration. solarworld, which was the no .
with over 100% year - on - year growth in pv system installation, pv module makers rose up their shipments rapidly. they actively expanded their capacity and turned themselves into giga - watt (gw) player. according to pvinsights, five of top 10 pv module companies in 2010 are gw player. suntech, first solar, sharp, yingli, trina solar are gw players now and most of them doubled their shipments in 2010. in the giga - watt game of pv module production, suntech topped the pv module ranking in 2010 with 121% year - on - year growth in shipment. first solar, the largest pv module maker in 2009, went down to no. 2 with a conservative 26. 8% year - on - year shipment growth in 2010. sharp named no .
the ranking with 85% year - on - year shipment growth in 2010, thanks to more active 2010 expansion policy. yingli and trinasolar were the 4
pv module makers from the survey of pvinsights. they were also gw players with astonishing 102% and 165% year - on - year shipment growth in 2010 accordingly. the companies from 6
are canadian, hanwha solarone, sunpower, rec, solarworld accordingly from the survey of pvinsights .
’ solar cell and module production capacity of 8 gw respectively make the company the largest cell and one of the biggest solar module manufacturers in the world .
the global footprint of our sales network spans more than 40 countries across europe, asia - pacific, americas and africa .
our products are manufactured in our international facilities in china, malaysia and south korea. the product and services are sold via our worldwide sales network, spanning photovoltaic markets in europe, north america, asia, australia, south america, africa and the middle east .
an absolute high - performance module for any user and any application – on private roofs just as well as on industrial roofs – you will obtain excellent top performance that pays off .
answers to common questions. we have provided answers to frequently asked questions. click here for faq' s
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jahrgang 1980. studierte medienkultur, politik und britische literatur in hamburg und lissabon (m. a .). produzierte texte und tv - beiträge für
hamburger abendblatt online
,
prinz
,
deutschland international
und die portugiesische tageszeitung
24 horas
. seit 2007 volontär bei spiegel online. seit 2008 redakteur im ressort wirtschaft, spezialgebiete: energie, it - wirtschaft und china. kurzkorrespondenz in san francisco und new york. reportagen aus aller welt. träger des ernst - schneider - preises. nominiert für den deutschen reporterpreis.
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 . 
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.
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.