28 Mar '16, 5pm
Hanwha Q Cells returned to profitability during 2015, reports strong results
Overall Hanwha Q Cells’ sales were highly diversified, with a strong presence in Japan and some sales into China, giving the company a presence in all of the largest global markets. Over the course of 2015, the company’s sales have shifted strongly, from a focus on EMEA as the core market to North America. Hanwha is also developing projects and supplying its modules for this business, however it shipped only 177 MW of modules to internal projects during the year, which represents only 6% of total shipments. Similar to other large Asian PV makers Hanwha Q Cells is undergoing substantial capacity expansions, and expects to increase its nameplate capacity for cells and modules from 4.3 GW to 5.2 GW by mid-2016. The company expressed confidence in maintaining very high capacity utilization rates, and expects module shipments of 4.5 to 4.7 GW next year.