Korea's Hanwha may buy fallen German PV star Q-Cells

The fate of Q-Cells has been the subject of speculation since its April bankruptcy

South Korea’s Hanwha Group has confirmed it is considering the acquisition of bankrupt German solar group Q-Cells, in what would represent a ground-shaking deal for the global PV manufacturing industry.

A spokesman for Hanwha – which in 2010 became the largest shareholder in Chinese PV producer Solarfun (since renamed Hanwha SolarOne) – confirmed to Reuters that the company is mulling over the acquisition.

However, the spokesman would not confirm Korean media reports suggesting that the company was already engaged in due diligence for the acquisition via its subsidiary Hanwha Chemical Corporation.

Q-Cells, which has been desperately seeking a buyer to safeguard the jobs of its more than 2,000 employees, did not immediately respond to requests for comment.

Since the PV industry entered a consolidation…

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