Q-Cells smashes revenue and production targets

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email

Q-Cells AG has revised its production and revenue forecasts on the basis of greater levels of secured supply of key raw materials such as UMG Si, and continued strong demand worldwide with 90 percent of its production sold or agreed through the end of 2009. Q-Cells expects to reach a production volume of 585MWp in 2008, up from 570MWp previously guided earlier in the year. Sales are therefore set to rise from a previously projected €1.275 billion to €1.325 billion.

However, Q-Cells is now on target of more than 1GWp in 2009, indicating growth of approximately 70 percent over 2008. The sales forecast for 2009 has also been raised from its earlier revised guidance of €2 billion to €2.25 billion.

A key part of the increased production targets comes from the use of UMG silicon, which will make up approximately 30 percent of supply volumes in 2009 but will be greater than 50 percent in 2010.

Q-Cells’ order backlog is now running at 1932MWp, with additional potential orders of another 1367MWp, bringing the total to 2342MWp.

To meet this level of demand, Q-Cells is expanding production on fronts. The company is expanding production at its silicon solar wafer facilities in Thalheim, Germany, from 603MWp to 800MWp, with further expansions a possibility, noted Anton Milner, Q-Cells CEO, in a conference call with financial analysts. The 800MWp target is expected to be reached in mid-2009.

Major production expansion is also planned for its new facility in Malaysia, which will be ramped more aggressively than previously guided. Q-Cells said that it will integrate ingot production into its Malaysian manufacturing complex with an expected cell production capacity of 520MWp by the end of 2009.

Q-Cells said that they would have a production capacity of 1,320MWp in the core business by the end of 2009, a significant increase of its previous guidance.

On the thin-film side of the business, Q-Cells is now dedicating more attention to rapid production expansions after a successful start-up of production at Solibro in April and the expected first megawatt of capacity reached in August. Q-Cells will now expand the first production line at Solibro to 45MWp by mid-2009 and the construction of a 90MWp line 2 with an expected production start in Q4 2009. Solibro’s thin-film CIGS technology has recorded module efficiencies of between 9.5 and 11 percent, according to Milner. 
Its Santor micromorph technology division will have ramped its initial 25MWp production line by the end of 2008. A second expansion phase has been agreed of 120MWp, which will be operational in Q4 2009. Construction will begin at the end of 2008 and is double the previous capacity target.

Milner noted in the conference call that further capacity expansions in Malaysia could not be ruled out and operations would be starting earlier than expected in Mexico.


19 August 2021
The utility-scale PV market is poised for exponential growth and yet the industry still has many fundamental opportunities to improve on standards and best practice. Tracker shade loss has been one of those topics that deserve more attention, but has been typically handled by derate factors rather than trying to accurately forecast the loss over the life of the system. Join Nextracker’s subject matter experts, Aron Dobos and Neelesh Umachandran, and Rounak Kharait, director of solar energy assessments at DNV, for a webinar about why shade modeling matters and recommendations on what the solar industry should do about it.
25 August 2021
Energy Next is a new industry exhibition focusing on the latest renewable energy and energy efficiency technology, which will be held for the first time in 2021 in Sydney, Australia alongside the Clean Energy Council’s Australian Clean Energy Summit, the peak gathering of leaders driving Australia's energy transformation. Organised by the same people behind Australia’s largest clean energy event, All-Energy Australia, Energy Next will give visitors two days of access to key suppliers in the industry, free-to-attend professional development and industry workshops, and networking opportunities to better understand clean energy issues and solutions and learn about the latest developments in this transformational, dynamic sector.
25 August 2021
The Intersolar Summit Brasil Nordeste takes place in Fortaleza, Brazil. It addresses leading local and international experts on solar power and renewable energy in the region. The Summit’s mission is to provide in-depth education, enable high-quality networking opportunities, expand the use of PV technologies at regional and national level and strengthen the local PV industry. The Intersolar Summit Brasil Nordeste is organized by Intersolar South America - Latin America’s largest exhibition and conference for the solar industry: Solar Promotion International GmbH, Pforzheim, Freiburg Management and Marketing International GmbH (FMMI) and Aranda Eventos & Congressos Ltda, São Paulo as co-organizer.
25 August 2021
Join us to hear directly from the CTOs and heads-of-research from the top-20 cell/wafer producers to the PV industry today. The event will focus on predicting the key metrics underpinning the next big shift to n-type with answers to the key questions: When will the transition to n-type happen? Which companies will be first to 10 GW capacity and production? Who will be the key equipment suppliers for the new production lines? Which n-type process flow/architecture will emerge as the front-runner? What will polysilicon purity and wafer thickness levels look like for optimized n-type manufacturing? What will the upstream poly/wafer supply-chain look like in 5 years from now?
26 August 2021
In this webinar, JA Solar will present its product portfolio based on the latest technologies to improve your PV projects, ensuring maximum reliability and performance. During the webinar we will receive insight from JA Solar about its solar technology roadmap and how the manufacturer is providing customers with innovative solutions to suit their needs, while we will also analyse how to determine the best product solution for each solar project.
6 September 2021
The 38th European Photovoltaic Solar Energy Conference and Exhibition will be held online from 6 - 10 September 2021, allowing PV experts from all around the globe to participate with just one click! The EU PVSEC is the world's leading forum for PV Research and Development and the biggest Conference on PV Solar Energy worldwide. That is why PV experts from all around the globe are keen on gathering together each year to be part of this specialist’s event, to present and discuss the latest developments in Photovoltaics, to network and to conduct business.

Read Next

PV Tech Premium
July 28, 2021
Amidst a need to scale up solar this decade, PV Tech Premium speaks to Vassilis Papaeconomou, managing director at renewables service provider Alectris, to learn how the solar industry can scale up efficiently, what asset owners and operators need to be aware of when buzzwords such as ‘digitalisation’ and ‘artificial intelligence’ are mentioned, and what the industry might learn from more mature technologies such as wind.
July 28, 2021
The New Jersey Board of Public Utilities (NJBPU) has unveiled formal plans to replace its existing solar support framework with a new incentive programme which will support up to 3.75GW of new solar over the next five years.
July 28, 2021
Generating electricity from renewable sources in Europe is now half the price of fossil fuels as polluting power production on the continent fails to recover from the pandemic and renewables grow, according to a new report by the Ember energy thinktank.
July 28, 2021
Solar and storage provider Sunnova, SolarEdge Technologies and National Grid have partnered on a grid stability project in New England, US
July 28, 2021
Two US Senators have introduced a bipartisan energy tax proposal to encourage innovation in the clean energy sector and rapidly scale up new technologies.
July 28, 2021
Chinese inverter manufacturer Sungrow has opened another research and development (R&D) centre in Nanjing, China that will focus on smart technologies, big data and software integration

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021