Chinese PV manufacturer Qn-SOLAR has published its sales results for 2023, with the former engineering, procurement and construction (EPC) contractor selling 4.5GW of modules.
The company has sought to expand its global presence, maximising manufacturing capacity in China and selling modules overseas. Qn-SOLAR currently operates six manufacturing bases in China, with an annual cell production capacity of 69GW and an annual module production capacity of 39GW, and has expanded its sales activities throughout the year.
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In 2023, the company signed agreements with unnamed “industry-leading resources and technology experts” to deploy its modules at solar-plus-storage and green hydrogen generation facilities in China.
Overseas, Qn-SOLAR noted that it had generated over 100MW of orders from European developers in July alone, and in August, the company signed new deals for 200MW of module capacity with South American firms. The company has also received certifications for its modules from a number of national governing bodies, including those in Japan, Brazil, Colombia, Italy and the UK, as it looks to expand its global footprint.
“We are incredibly proud of our achievements thus far and have the utmost confidence in our team’s capabilities as we continue to drive Qn-SOLAR’s growth,” said Qn-SOLAR chairman Stephen Cai. The company’s H1 2023 sales were 70% greater than its sales in the first six months of 2022, and Cai is optimistic about the company’s future work.
“Moreover, we are committed to responding to the global call for zero carbon emissions and actively contributing to a sustainable future.”
The company was established in 2014 as an EPC developer, but transitioned to PV module design and manufacturing in 2021.
Qn-SOLAR began its manufacturing work with tunnel oxide passivated contact (TOPCon) cells, telling PV Tech in July that these modules were the most financially viable to produce at scale, and that it expects the cells to reach a power conversion efficiency of 28% by 2027. However, the company is also interested in developing heterojunction (HJT) cells, once it believes it is more financially viable to do so.
“Personally, I believe that TOPCon technology will be the mainstream for the next three years,” Cai told PV Tech in July. Cai went on to note that the company plans to produce TOPCon cells for the most part over the next three years, and is already producing HJT cells “on a small scale”.
“We also possess some capacity with p-type Passivated Emitter and Rear Cell (PERC) technology,” added Cai. “We will switch from this year’s 60% p-type and 40% n-type model to 80-90% n-type model and expand it worldwide.”