‘- 3 GW milestone surpassed after only 6 years of operation in the country
– Hanwha Q CELLS already ranked second in yearly module shipments of 2016
and continuing growth
– Q.PARTNERS network with over 700 companies and Q.MAX series are success
drivers in commercial and residential market segments
[Tokyo, Japan, September 21, 2017] Hanwha Q CELLS Japan, the Japanese
subsidiary of the world’s largest producer of 100% inhouse solar cells and
modules, Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL), today announced to have
surpassed the milestone of accumulated solar module shipments of 3 GW in
Japan in the second quarter of 2017. The company entered the Japanese solar
market in August 2011. Only two years later, in 2013, Hanwha Q CELLS Japan
was already the largest foreign solar product provider in Japan. In 2016,
Hanwha Q CELLS shipped 700 MW of solar modules in Japan, ranking second
among the solar suppliers in the country and accounting for 10% of market
share in Japan. According to the International Energy Agency (IEA), the
total amount of solar modules installed in Japan by the end of 2016 was 42.8
GW, of which 7% was supplied by Hanwha Q CELLS Japan. Hanwha’s market share
in Japan climbed to about 15% in the second quarter of 2017. Hanwha Q CELLS
Japan aims for another record year in the country.
Hanwha Q CELLS Japan addresses the needs of customers in commercial and
residential markets
The constant success of Hanwha Q CELLS in the Japanese solar market is based
on the superior performance and quality of its “Engineered-in-Germany” solar
products and on Hanwha Q CELLS Japan’s high versatility to flexibly adapt to
the unique and dynamic market conditions of Japan. After the years of
Feed-In-Tariff (FIT) driven solar business and large-scale projects in
Japan, Hanwha Q CELLS Japan adapted very quickly to the falling FIT. The
company continuously cultivated its Q.PARTNERS network of installers and
sales agents and created solutions for the specific needs of Japanese
companies as well as residential customers. The popular Q.MAX series
contributed a lot to the success in the commercial segment – an assortment
of devices including power conditioners, frames, and racks, of which the
adoption lowers the barrier to enter into solar power systems, and shows the
commercial value of solar power.
