Hanwha SolarOne changing name to Hanwha Q CELLS on merger completion

February 6, 2015
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

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

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

Premium
October 24, 2025
Marcel Suri explores the datasets that will help improve the accuracy of PV output estimation and drive better performance.
October 24, 2025
US solar tracker manufacturer Nextracker and Saudi-based energy company Abunayyan Holding have formed a joint venture (JV) in Saudi Arabia.
October 24, 2025
The Saudi state-owned renewables developer Masdar has begun construction on a giant solar-plus-storage project in Abu Dhabi.
October 23, 2025
The average price of a solar PPA signed in Europe in Q3 2025 fell below €35/MWh, reaching €34.25/MWh, according to LevelTen Energy.
October 23, 2025
Infrastructure investment firm Nuveen Infrastructure has secured US$171 million in financing for a 137MW solar PV plant in South Korea.
October 23, 2025
US solar manufacturer T1 Energy sold approximately 725MW of solar modules in Q3 2025, as it continues to expand US manufacturing capabilities.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany
Solar Media Events
March 24, 2026
Lisbon, Portugal