Busy Q Cells upbeat on 2014

Germany-based, Korean-owned PV group Hanwha Q Cells said it expects to ship up to 1.2GW this year as it gave an upbeat view of its position.

Q Cells claimed market-share gains in European and Japanese markets as it shipped 247MW of PV equipment in the January-March first quarter, with module production reaching 244MW.

The company was bought out of insolvency by Korea's Hanwha group in 2012.

Q Cells today said it was profitable before interest and tax in the first quarter of 2014 and expects to end the year in positive territory thanks to shipments of between 1GW and 1.2GW.

Cell and module production capacity – which Q Cells claims is running flat-out – is currently being increased to 1.3GW from a previous 1.1GW.

Q Cells’ bullish assessment follows an announcement by sister-company Hanwha SolarOne that it will add significant new capacity this year.