Hanwha Q-Cells launch puts Korean group in PV big-league

Q-Cells joins SolarOne, pictured, in Hanwha's PV stable

Korea’s Hanwha Group claims to have become the world’s third-largest PV manufacturer after launching a new solar business based on its acquisition of Q-Cells.

The launch of Hanwha Q-Cells follows the Korean conglomerate's August purchase of bankrupt Q.Cells – at one time Germany’s most valuable technology company – after paying about $48m cash and taking on about six times that amount in debts.

Hanwha already has another PV business, Hanwha SolarOne, based in China.

The Q-Cells deal brought it assets including 200MW of cell and 120MW of module manufacturing facilities in Germany, and an 800MW cell plant in Malaysia, as well as about 1,200 staff.

Hanwha now has 2.3GW of manufacturing capacity across Germany, Malaysia and…

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