Hanwha SolarOne says Q-Cells adds vital edge over rivals

All of Hanwha SolarOne's production capacity is in China's Jiangsu province

Hanwha SolarOne says its Korean parent group’s recent acquisition of Q-Cells will give it a significant advantage over Chinese rivals as the battle lines in the global solar trade war continue to deepen.

Officials at Hanwha SolarOne – formerly known as Solarfun – added that while many other PV manufacturers will be wiped out over the next year, the financial firepower of the Hanwha Group, its largest shareholder, will allow it to survive and position itself for an upturn post-2014.

In 2010 the Hanwha Group – among Korea’s largest conglomerates – bought a controlling minority stake in China’s Solarfun.

Since then Hanwha has continued to pour investment into the solar sector, including launching plans to build a polysilicon foundry in Korea, and using its finance arm…

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login