29 Mar '16, 11am

Hanwha Q CELLS posts 60% increase in solar module shipments in 2015

Hanwha Q CELLS posts 60% increase in solar module shipments in 2015

Hanwha Q CELLS noted that it remained on track to complete previously planned manufacturing capacity expansions by mid-2016. ‘Silicon Module Super League’ (SMSL) member Hanwha Q CELLS reported mixed fourth-quarter 2015 financial results but achieved total PV module shipments of 3,306MW, an increase of 60% from 2,065MW (1,098MW excluding Q Cells) in 2014. With full-year shipments within previous guidance of 3.2-3.4GW, Hanwha Q CELLS confirmed its position as the fifth largest PV module manufacturer in 2015 and fifth-ranked SMSL. Hanwha Q CELLS missed expected revenue recognition on PV module shipments in the fourth quarter of 2015, due to timing issues that related to around 248MW of modules still in shipment to customers, including US-based NextEra, with which the company signed a 1.5GW supply contract in 2016. Total module shipments in the quarter were 1,238MW, which incl...

Full article: http://www.pv-tech.org/news/hanwha-q-cells-posts-60-incre...

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