Investment in the millions: Global PVQ share: Q-Cells is investing another million in Solar Valley | message
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The company announced on Monday that the money will flow into the development of machines and systems for the next generation of photovoltaic technology.
Q-Cells plans to bring new, highly efficient solar modules onto the market this year. In total, the company will invest more than 140 million euros in Thalheim by 2023. According to its own statements, the company is the market leader in the sale of solar modules and systems in Germany and Europe.
According to the Federal Solar Industry Association, 184,000 new solar power systems with an output of around 4.9 gigawatts were installed in Germany last year. According to the company, Q-Cells modules provide around 18 percent of the installed capacity. The company employs around 630 people in Europe, around 475 of them in Thalheim.
The Ministry of Economic Affairs welcomed the investment by Q-Cells. The commitment shows that the solar industry in Saxony-Anhalt is picking up new momentum, said Minister of Economics Armin Willingmann (SPD). With companies like Q-Cells, which in the state would continue to focus consistently on research and development even after the crisis in the industry, it could be possible in the coming years to further develop Saxony-Anhalt into a state of future technologies, said the minister.
Q-Cells called on politicians to accelerate the expansion of solar energy. If Germany were to achieve the Paris climate targets, the annual installations would have to be tripled, said Oliver Beckel, director of public affairs for the company. In addition, “market barriers, such as the solar tax on self-consumed solar power, would have to be abolished”.
The Thalheim research center is located in the so-called Solar Valley, which was created 20 years ago in the former chemical triangle of the GDR and was one of the largest centers of the solar industry in Europe with up to 3500 jobs in numerous companies. Then the competition for cheap solar modules from Asia plunged the Valley into crisis. Numerous companies went bankrupt.
Q-Cells was taken over by the South Korean company Hanwha in 2012. Production moved to Asia, research and development stayed in Thalheim. Ten years after the great crisis, the Solar Valley is now falling again.
/ afa / DP / e.g.
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