[Thalheim, Germany, 14 May, 2014] – Hanwha Q CELLS today announced that it has reached positive operating results in the first quarter of 2014 and is now the largest European PV provider. The German-headquartered PV solutions specialist achieved growing revenues and positive earnings before interests and tax (EBIT) in the first three months of 2014. Moreover Hanwha Q CELLS has taken the lead among European PV companies with total shipments of 247 MW and a module production volume of 244 MW in Q1 2014. With these results Hanwha Q CELLS underlines its statement to reach positive full year figures in 2014. CEO Charles Kim said: “Hanwha Q CELLS has successfully managed the turnaround and today is the largest European Photovoltaics provider. Going forward we aim to extend this position on the basis of further growth within this year and the years to come.”
Positive business outlook: Strong demand and further increase in production capacity
“We´ve been seeing continuously growing demand for our premium quality PV products and solutions “Engineered in Germany””, explained CEO Charles Kim. “Our international cell and module production lines including manufacturing in the EU and Asia are running at full capacity. Moreover we are currently increasing our production capacity to a total of 1.3 GW.” The increase in capacity will be achieved by adding one additional production line for solar cells in the company´s plant in Malaysia and adjusting module capacities accordingly.
Positive business outlook for Q Cells: Strong demand and further increase in production capacity and Strengthened teams and sales network
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