Hanwha SolarOne changing name to Hanwha Q CELLS on merger completion

Facebook
Twitter
LinkedIn
Reddit
Email

Hanwha SolarOne has completed the acquisition of Hanwha Q CELLS, which will result in Hanwha Q CELLS adopting the formal name Hanwha Q CELLS Co., Ltd. and will trade on the NASDAQ under the symbol HQCL.

Terms of the deal were first revealed in December 2014 when it emerged Hanwha SolarOne would acquire all of its sister company’s stock from Hanwha Solar Holdings in what amounts to a merger. The estimated value of the deal is US$1.2 billion.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The combined entity will have a 3GW cell manufacturing capacity, which it claims makes it the largest cell producer in the world.

“We believe the merger of Hanwha SolarOne and Hanwha Q CELLS will create a number of synergies and provide us with a much strengthened presence and competitive position in the global PV market,” said Seongwoo Nam, chairman and chief executive officer, Hanwha SolarOne. “We plan to carefully manage the integration of the two companies, which have been benefitting in recent years from Hanwha's strategic support and the larger Hanwha culture,” he added. 

Read Next

July 8, 2025
The Chinese government has moved to curb excessive competition in the PV sector and stabilise pricing as companies report growing losses.
July 8, 2025
Germany could install 500GW of new solar agrivoltaics (agriPV) capacity on its most 'suitable' land, according to Fraunhofer ISE.
July 8, 2025
Bulgarian-headquartered solar engineering company Sunotec has acquired 100% of the project company, SIA DSE Lazas Solar, from Danish Sun Energy. 
July 8, 2025
Donald Trump has issued an executive order to tighten restrictions on renewable energy tax credits just days after signing his “One, Big Beautiful Bill” act into law, which significantly cut federal support for renewables.
July 8, 2025
German solar glass manufacturer Glasmanufaktur Brandenburg (GMB) has filed for insolvency after posting monthly losses of €900,000 this year.
July 8, 2025
Energy consultancy JMK Research has forecast 28.3GW of utility-scale and residential solar PV to be installed in India during fiscal year 2026.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK