| Type | Societas Europaea |
|---|---|
| Traded as | FWB: QCE |
| Industry | Photovoltaics |
| Founded | 1999 |
| Headquarters | Bitterfeld-Wolfen, Germany |
| Key people | Nedim Cen (CEO and chairman of the executive board), Karlheinz Hornung (Chairman of the supervisory board) |
| Products | Photovoltaic cells, solar modules, development and installation of solar parks |
| Revenue | €1.354 billion (2010)[1] |
| Operating income | €82.3 million (2010)[1] |
| Profit | €18.9 million (2010)[1] |
| Total assets | €1.096 billion (end 2010)[1] |
| Total equity | €882.7 million (end 2010)[1] |
| Employees | 2,380 (end 2010)[1] |
| Website | www.q-cells.com |
Q-Cells is a German manufacturer of photovoltaic (PV) cells headquartered in Bitterfeld-Wolfen, Saxony-Anhalt, Germany.[2][3] Q-Cells was established in 1999. Its core business is the development, production and marketing of (mono- and multi-) crystalline silicon photovoltaic cells.[4]
Since commencing production in 2001, Q-Cells now employs about 1500 people at its site in Bitterfeld-Wolfen, Saxony-Anhalt, Germany. In its newest solar cell factory in Selangor, Malaysia, further 1000 people are employed. Q-Cells produced 537 MW of PV cells in 2009. In 2010, the output was increased to 939 MW. Thereof 482 MW were produced in Germany. So nearly half of the production took place in Malaysia.[1]
However the company has suffered from the supply of cheap solar products from China. After reporting a €846m net loss in 2011 it announced on April 2, 2012 that it would file for insolvency.[5]
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Q-Cells markets mainly multicrystalline solar cells which reach conversion efficiencies of up to 17.4%. Its monocrystalline cells have efficiency ratings of up to 18.8%.[6] Q-Cells marks its cells with a small capital 'Q' near a corner.[7]
Q-Cells also sells solar modules under its own brand. The module portfolio encompasses crystalline silicon and CIGS thin-film modules. Its multicrystalline module products are called Q.BASE and Q.PRO. Q.PEAK is the name of the monocrystalline module series which also comprises an all-black version.[8]
With its CIGS modules, Q-Cells set a world record for thin-film PV in mass production. Total area efficiency of the Q.SMART modules reached 13.4% in March 2011.[9]
Q-Cells has developed the performance of its cells as well as its technological production processes. Q-Cells is also developing additional technologies through partnerships for the commercialization of these technologies.[4]
In 2011, Q-Cells reached a conversion efficiency of 19.5% for 6-inch multicrystalline solar cells which was independently confirmed by the Fraunhofer Society. This newly developed cell concept named Q.ANTUM features an advanced structure for the back side.[10] Based on these cells, Q-Cells built a record-setting solar module with efficiency rating of 18.1% related to the aperture area.[11]
The latest R&D achievement is a monocrystalline cell based on the Q.ANTUM concept with an efficiency of more than 20%. A 60-cell solar module equipped with these cells would result in a power rating of about 280 W.[12]
The group includes:
In 2009 a few companies, like Sovello or Sunfilm, have been sold. In 2011, Calyxo (CdTe) was taken over by Solar Fields LLC.[17][18]
Q-Cells and China's solar wafer manufacturer Solar LDK announced a joint venture partnership to develop large-scale solar power plants in Europe and China. The first projects, including a 40-MW power plant, are already in the pipeline.[19]
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