Qcells

Company Snapshot

Founded: 1999
Entity Type: Private
Region: South Korea
Headquarter: Seoul, South Korea
Key Geographics: North America, Europe, Asia, Middle East, South America, Africa
Corporate Address: 24F, 86, Cheonggyecheon-ro, Jung-gu, Seoul 04541. South Korea Tel. +82-1600-3400 www.qcells.com/kr

Company Overview

On February 6, 2015, Hanwha SolarOne Co. was acquired by Hanwha Q CELLS Investment Co. in a reverse merger transaction. Hanwha SolarOne Co., an investment holding company, manufactures and sells silicon ingots and wafers, photovoltaic cells and PV modules.

Hanwha Q CELLS is an affiliate of the Hanwha Group with assets of more than $150 billion. The company’s cell production capacity of 8 GW and solar module manufacturing capacity of 8 GW (as of 2017’s second half) makes it one of the largest cell manufacturers and one of the biggest solar module manufacturers in the world.

The company provides multicrystalline silicon cells and PV module processing services and offers PV modules primarily under the SolarOne brand name. Hanwha SolarOne Co. sells PV cells and PV modules directly to system integrators and distributors, principally in Japan, South Africa, Germany, China, the U.S., Korea, Canada, and the U.K. The company was formerly known as Solarfun Power Holdings Co. and changed its name to Hanwha SolarOne Co. in December 2010. Hanwha SolarOne Co. was founded in 2004 and is based in Qidong, China.

Qcells In Reports

Solar Energy Markets

BCC Research Market Report says global market for solar power technologies is estimated to increase from $182.5 billion in 2022 to $371.7 billion by 2027, at a CAGR of 15.3% during 2022-2027.

Renewable Energy: Technologies and Global Markets

Global renewable energy market should reach $1,500 billion by 2027 from $932.3 billion in 2022 at a CAGR of 10.0% for the forecast period of 2022-27.

Building-Integrated Photovoltaics (BIPV): Technologies and Global Markets

The global market for building-integrated photovoltaics (BIPV) should grow from $3.9 billion in 2020 to $11.3 billion by 2025, at CAGR of 23.9% for the period of 2020-2025.

Company's Business Segments

  • Clean Energy Solutions : The company offers fully integrated clean energy solutions, offering high-quality solar panels (PV modules), energy storage systems, and AI-driven software for energy management.

Applications/End User Industries

  • Residential
  • Commercial & Industrial (CCI)
  • Governmental
  • Utility
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