L R AS Published on Saturday 17 February 2024 - n° 476 - Categories:industrial strategy
Qcells leaves Australia to focus on the United States
South Korea's Qcells is closing its Australian subsidiary because the price of Chinese products is too low. The company prefers
to concentrate on its home markets, the United States and Europe.
This withdrawal reflects the difficulties faced by solar energy manufacturers in 2024, with prices largely down and a slowdown in the industry
Qcells is relaunching in the US with the addition of 3.3 GW of ingot, wafer and cell capacity in Cartersville, Georgia. Qcells already has a 5.1GW plant in Dalton, Georgia. Qcells is No. 1 in the United States and benefits from the advantages of the IRA. It benefits from a panel price that is 25% higher than in Australia.
https://www.pv-magazine.com/2024/02/16/qcells-exits-australian-market/
PV Magazine, 16 February 2024
Editor's note This withdrawal from Australia shows that there is no way of fighting the Chinese and their massive production, even in a third country and even with a quality product.
This puts into perspective the European projects (Carbon, Holosolis), which want to emerge with everything to create in a universe (Europe) where the Chinese will rule, because there is no customs protection. Customs protection has been introduced in India and the United States to facilitate the emergence of a new industry.
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Qcells has signed an agreement with SolarCycle to recycle the company's out-of-service panels located in the United States.
Qcells is in the process of increasing its production capacity in Georgia to 8.4 GW with its two production units.
https://www.pv-tech.org/qcells-inks-recycling-agreement-with-solarcycle/
PV Tech of 13 February 2023
