Q-Cells becomes mainstream module manufacturer via 200MW plant run by Flextronics in Malaysia

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email

The first news from Q-Cells since the departure of co-founder and CEO Anton Milner in early March highlights the business model transformation now taking place at the former crystalline solar cell manufacturing leader. The company has begun c-Si module production via a 200MW plant run by Flextronics in Malaysia. The first module was produced in mid-March, and Q-Cells says it will start marketing the modules in April to wholesalers and large installation service providers under the ‘Q Base’ brand, which was previously used exclusively for its Q-Cells International large-scale PV project developments. The move means Q-Cells will enter commercial and industrial markets between 500kW and 5MW.

Q-Cells also gave revenue guidance for 2010 that highlights the impact on sales growth expected from the move into large-scale module production. The company said it expects module sales to be between 100 to 150MW in 2010. Sales in the newly installed PV systems business, related to QCI’s project business, are set to reach volumes between 150MW and 200MW, helping to contribute to revenue of between €1.0 billion and €1.2 billion in 2010. In 2009, sales reached €802 million, down from €1,251 million in 2008 with losses of €1,356 million.

“In the next few years, the market for photovoltaics will experience not only strong growth but also overcapacities and margin pressure,” commented Nedim Cen, CEO and CFO of Q-Cells SE. “We can be very successful in such a market, given our strong brand and the high quality of our products. However, in order to achieve this, Q-Cells must have more flexible and cost-efficient manufacturing capacity at its disposal while focusing on the expansion of the product portfolio and market access. The partnership with Flextronics is a first important milestone. However, we need to continue to build on that if we are to keep up with the strong international competition.”

Q-Cells said it was also holding back on capital investments to preserve cash and improve its balance sheet in 2010. Restructuring of the company is under way to better align with its new business model via a streamlining of the technology portfolio.

Sales activities were also reorganised over the last few months. Sales offices have now been established in France, Italy, and North America. More offices are planned in other regions and countries.

The company reiterated that both Sunfilm and Flexcell were currently negotiating alternative financing structures with their principal banks, while Calyxo is searching for new financing partners.

Sovello has now been sold for an undisclosed sum to Ventizz Capital Fund IV. The deal is due for completion in April.

28 September 2021
Solar Solutions International is the largest trade show for solar energy in Northwest Europe. Now the solar market has grown up, it's time for the next step. Solar Solutions International displays more than 500 innovations and over 100 practical seminars concerning the latest in energy storage, smart products, and an ever evolving array of solar panels. As an exclusively B2B trade show, Solar Solutions International offers both exhibitors and visitors the chance to network at the highest level. Duurzaam Verwarmd, the largest trade show for sustainable HVAC technology in the Benelux, is held simultaneously. This way your one visit gets you up to date with all of the developments in both sustainable energy and heating.
6 October 2021
Intersolar Europe is the world’s leading exhibition for the solar industry. It takes place as part of The smarter E Europe – the continent’s largest platform for the energy industry. Under the motto “Connecting solar business,” manufacturers, suppliers, distributors, service providers and project planners and developers from around the world meet in Munich every year to discuss the latest developments and trends, explore innovations firsthand and meet potential new customers.
6 October 2021
The future is bright for a new era of US solar and storage, and the 8th annual Solar & Storage Finance Summit will provide opportunities to discuss solutions to the industry’s challenges and provide a networking platform designed to bring together the top minds in the industry to do business. With a mix of high-level, informative presentations and panels, a stellar cast of speakers and audience members with deal-making capacity, the 2021 edition of the event will be a sell-out success.
6 October 2021
Join this free webinar to hear Martin Green, Scientia Professor, University of New South Wales explain the physical and technological limits for PERC cells and the potential efficiency advantages of TOPCon, HJT and IBC: - How much further can PERC efficiency be pushed? Has it run out of puff or is it just getting started? - The relative merits of TOPCon, HJT and IBC cell variants - The manufacturing technologies that need to be optimised for each of these cell variants (This is the keynote presentation from PV CellTech Online, 25th August 2021)
18 October 2021
Intersolar South America, South America’s largest exhibition and conference for the solar industry, takes place at the Expo Center Norte in São Paulo, Brazil on October 18–20, 2021, and has a focus on the areas of photovoltaics, PV production and solar thermal technologies. At the accompanying Intersolar South America Conference, renowned experts shed light on hot topics in the solar industry.
19 October 2021
This year’s EV World Congress will hold a special role, not only as the first live EverythingEV event in over a year – a chance to renew your connections and re-engage with the EV sector face to face – but also as a chance to share insight and inspiration as world starts to look towards move on post COVID towards hitting ambitious decarbonisation goals in 2030 and beyond. As ever, we will be bringing world leading organisations, cities, and technology providers to the UK to inspire EV innovators, and delve into the challenges facing the sector as the UK looks to revolutionise road transport.

Read Next

September 28, 2021
Renewables developer and asset manager RES has secured planning permission for a 65.5MW floating solar project that will be installed at a former quarry in northeastern France.
September 28, 2021
Investment manager Quinbrook Infrastructure Partners has acquired a 350MW solar-plus-storage site expected to be the largest single site PV install in the UK once completed.
September 28, 2021
Oil and gas company Chariot has signed a memorandum of understanding with the government of Mauritania to progress with a solar- and wind-powered green hydrogen complex in the country.
PV Tech Premium
September 28, 2021
Toni Weigl, head of product management for floating PV at BayWa r.e., explores the current trends for designing and developing floating solar projects and poses the question, where next for floating PV?
September 28, 2021
The Australian Renewable Energy Agency (ARENA) has launched an AU$50 million (US$36 million) programme to support microgrid pilot projects and improve the reliability of electricity supply across regional Australia.
September 28, 2021
Indian solar manufacturer Premier Energies has secured an INR 2 billion (US$27 million) investment from private equity firm GEF Capital Partners to support its planned increases in cell and module production.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 6, 2021
Solar Media Events, Upcoming Webinars
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK
Solar Media Events
December 1, 2021