Qcells to invest US$100 million in perovskite-tandem pilot production line

May 18, 2023
Facebook
Twitter
LinkedIn
Reddit
Email
The company has already invested in a four-year perovskite research project in Europe. Image: Qcells

Korean-owned PV manufacturer Qcells has plans to invest US$100 million into a perovskite-tandem cell pilot production line at its factory in Jincheon, South Korea.

The pilot line for perovskite-based PV cells is expected to be operational at the factory by late 2024, with a view to producing commercially viable Perovskite cells by 2026. The facility at Jincheon will work closely with Qcells’ research and development (R&D) headquarters in Thalheim, Germany, which has already been involved in tandem technology research through the PEPPERONI consortium alongside Helmhotz-Zentrum Berlin (HZB).

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

“This investment in Jincheon will mark an important step in securing technological leadership,” Qcells CEO Justin Lee said. “With global R&D network spanning from Korea, Germany and the US, Qcells will ramp up its efforts to produce high-efficiency advanced tandem cells.”

Until recently HZB held the world record for cell efficiency with a Perovskite product, having posted a 32.5% efficiency rating, but researchers from the King Abdullah University of Science and Technology in Saudi Arabia surpassed this level in April.

The technology has been heralded as the next step in PV cell and module production because it has proven far more efficient than silicon-based products under lab conditions. Last month the US Department of Energy awarded US$18 million to MIT and the University of Colorado Boulder to pursue research into making perovskites ‘commercially relevant’ and durable.

However, nobody has yet been able to overcome the instability of perovskite cells sufficiently to scale them for industrial production. Exposure to the elements causes the substance to degrade, diminishing its performance significantly and potentially exposing toxic elements.

Researchers in Singapore recently published a solution that removes the need for lead in perovskite cell structures.

Read Next

January 23, 2026
Suzhou Maxwell Technologies has secured a certified power conversion efficiency of 32.38% for a perovskite/silicon heterojunction (SHJ) tandem solar cell.
January 23, 2026
MAHAPREIT has issued a tender for a 100MW floating solar project at the Tansa and Modak dams in Thane district, Maharashtra. 
January 23, 2026
Independent power producer (IPP) Atlas Renewable Energy has signed a solar PV power purchase agreement for a 128MWp plant in Colombia.
January 22, 2026
The fundamentals of the global solar PV market will remain strong in 2026 despite the challenges the sector faced in 2025, according to new analysis from Wood Mackenzie.
January 22, 2026
Indian rooftop solar provider Fujiyama Power has announced plans to commission its 1GW solar cell manufacturing plant in Dadri, Uttar Pradesh.
January 22, 2026
PV developer Solar Philippines has issued a statement denying liability to pay PHP24 billion (US$400 million) in penalties from the Philippines’ Department of Energy (DoE).

Upcoming Events

Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 24, 2026
Dallas, Texas
Solar Media Events
April 15, 2026
Milan, Italy
Solar Media Events
June 16, 2026
Napa, USA
Solar Media Events
October 13, 2026
San Francisco Bay Area, USA