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Hanwha Q CELLS

Company Profile Analysis

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Hanwha Q CELLS - Energy & Power showcase

Year Founded & Workforce

1999

8,000 Employees

Industry

Energy & Power

Services

ResidentialCommercial & Industrial (C&I)Power Plants
H

Hanwha Q CELLS Employee Contacts

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Hanwha Q CELLS Overview

Headquarters: Seoul, South Korea

Founded: 1999

Workforce: Approximately 8,000

Company Working: Hanwha Q CELLS offers solar panels for segments such as residential, commercial & industrial, and power plants. Its solar panels combine the best features of all known cell technologies to achieve high performance levels at low cost of electricity (LCOE). Such use of advanced technology ensures Q CELLS solar modules achieve maximum luminous efficiency under real, day to day conditions, even under cloudy skies.

Hanwha Q CELLS has presence in 14 countries in 5 continents. Its headquarters for Technology & Innovation are located in the Solar Valley in Thalheim, Germany, where the "Engineered in Germany" product portfolio is developed. Excellent scientists and engineers make continuous improvements to their existing technologies in the in-house research center, developing new innovative product generations. Products are manufactured in international facilities at China, Malaysia, and South Korea. Hanwha Q CELLS has a solar module manufacturing capacity of 8.0 GW, which makes the company one of the biggest solar module manufacturers in the world.

Strategy

The company focuses on collaborations with global contractors and governing authorities to promote the use of its solar products in commercial and industrial rooftop installations, private rooftop installations. It also believes in new product development with the help of research, innovation, and tests in its four R&D centers and in the module test center. It has been awarded Intersolar Award 2018 Photovoltaics category with its Q.PEAK DUO-G5 solar module. It believes in global partnerships with leading component manufacturers and distributors, optimized system planning, an absolute focus on quality, and quick return on investment.

Company Snapshot

$1,800.8M

Revenue

8,000

Employees

1999

Founded

SWOT Analysis

Strengths

  • Strong global presence
  • Strong investment in research & development
  • Highly Efficient product line

Weaknesses

  • Adversely affected by volatile market and industry trends
  • High dependability on solar power products sales
  • Low costumer base

Opportunities

  • Focus on expanding in the emerging nations and global markets
  • Focus on reducing manufacturing cost

Threats

  • Delays or denial of approvals, permits or licenses by government authorities
  • Highly competitive & quickly evolving market
  • Other global players and emerging Chinese contenders

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Product Offering

  • Hanwha Q CELLS
    • Residential
    • Commercial & Industrial (C&I)
    • Power Plants

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: SBU breakup-0 rose from USD 1,800.8 Mn in 2015 to USD 2,188.9 Mn in 2017.
Hanwha Q CELLS — By Business Segment
Series (USD Mn)201520162017
SBU breakup-01,800.82,425.92,188.9

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