Hanwha Qcells, a unit of Hanhwa Group, mentioned it’ll shut its 3.5 GW panel manufacturing facility in Eumseong, South Korea.
“This determination has been taken on account of Qcells’ efforts to optimize module manufacturing capabilities, and in response to a stagnant home photo voltaic market in Korea,” an organization spokesperson instructed pv journal. “The entire quantity of photo voltaic installations in Korea has been reducing over the previous three years, from 4.7 GW in 2020, to three.4 GW in 2022, and an additional decline is anticipated in 2023.”
The corporate mentioned it’ll proceed to put money into its flagship manufacturing facility in Jincheon, South Korea, the place it nonetheless produces TOPCon merchandise and operates a perovskite tandem pilot line.
“The shutdown of Eumseong may have a minimal influence on Qcells’ international module provide capabilities,” the spokesperson mentioned. “The corporate’s manufacturing capability has expanded a terrific deal, and present module manufacturing functionality is massive sufficient to cowl our international markets.”
Hanwha Qcells mentioned it provided voluntary redundancy packages to its staff.
“The corporate has not set a goal quantity on this,” the spokesperson mentioned. “These employees that want to stay in Qcells’ make use of might be absorbed into the Jincheon operation, the place the extra manpower will enhance TOPCon and Tandem line operations.”
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