Q-Cells file for bankruptcy but are saved by Korean Hanwha Solar

The German press has just announced that one of my favourite solar companies plans to file for insolvency tomorrow (April 4th).

The German based manufacturer of top quality solar cells is struggling to compete in a market where the price of the cells that make up solar panels has fallen to only $0.51 per Watt.

Adelaide solar panel startup Tindo Solar has specified Q-Calls for use in their top end AC Solar Panels so it will be interesting to see what cell they specify for use if Q-Cells stops manufacturing.

Here’s hoping that Q-Cells find a buyer who can turn them around and keep them manufacturing on of my fave panels!

UPDATE: Q-Cells have been bought out by the giant Korean Hanwha Solar One. Although Hanwha’s solar division is making huge losses – the parent company is an industrial giant with deep pockets, so Q-Cells brilliant panels appear to be safe. They will continue to manufacture them in both Germany & Malaysia.

About Finn Peacock

I'm a Chartered Electrical Engineer, Solar and Energy Efficiency nut, dad, and founder of SolarQuotes.com.au. My last "real job" was working for the CSIRO in their renewable energy division.

Comments

  1. Oh no! I just got a quote from an installer using Q-cells panels. They looked really good.

    • They still are really good panels! You just need to clarify what the deal with is with warranties. Many installers use 3rd party insurers to cover their manufacturers going broke…

  2. I received quotes this week using Q-Cell panels 255w. Are they back in the black now ?
    Also I am hearing there are qcell pro and qcell peak – should I get the peak Ones ?

  3. Hi Finn,
    Tindo now use a new wafer from STX.
    http://www.stxsolar.co.kr/english/product/b4.aspx

    Soldered right here in Adelaide

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