Hanwha Qcells named an S&P Global 2025 Tier 1 Cleantech company
Hanwha Qcells, a subsidiary of Hanwha Solutions, recognized for global solar leadership and market influence
S&P Global recognizes Hanwha Qcells as a 2025 Tier 1 PV module supplier
Hanwha Qcells, a division of Hanwha Solutions, has been named to S&P Global’s 2025 Tier 1 Cleantech Companies list, a recognition that underscores the company’s world-class solar manufacturing capabilities and growing influence in the global clean energy market.
S&P Global Commodity Insights, a leading energy market analysis provider, introduced the evaluation for the first time this year to enhance industry transparency and reliability for renewable energy customers. The assessment covers solar, wind, and energy storage system (ESS) manufacturers worldwide, based on six criteria: market presence, market share, company scale, global diversification, financial indicators, and sustainability. Companies meeting or exceeding the standards were selected, with 14 solar module makers, including Hanwha Qcells, earning Tier 1 status in 2025.
Hanwha Qcells achieved especially high scores in market presence, reflecting its strong brand power and customer recognition. The company has consistently won prestigious global awards such as EUPD Top Brand and PVEL Top Performer across major renewable energy markets in the U.S. and Europe, demonstrating high customer satisfaction. This brand strength has translated into strong U.S. market performance: according to research firm Wood Mackenzie, Hanwha Qcells has ranked No. 1 in both residential and commercial solar panel market share in the U.S. for seven and six consecutive years, respectively, through 2024.
The company was also commended for its global manufacturing footprint. Hanwha Qcells operates production facilities in the U.S., Korea, and Malaysia. By early 2026, its Cartersville plant in Georgia — featuring integrated ingot, wafer, cell, and finished module production — will be completed, making Hanwha Qcells the only company with a fully integrated silicon-based solar value chain in the United States. In addition, the company received strong evaluations for its financial performance and sustainability practices.
“It is an honor to be recognized for both our clean technology expertise and our growing impact on the global market,” said Scott Moskowitz, Vice President of Industry Affairs at Hanwha Qcells. “We will continue to expand our role in the global clean energy transition through ongoing R&D and business diversification.”
Beyond solar cell and module production, Hanwha Qcells is evolving into a comprehensive renewable energy solutions provider, supporting the entire energy lifecycle from power generation and infrastructure to energy storage and consumption to end-of-life/recycling.
Hanwha Solutions
Hanwha Solutions aims to deliver sustainable solutions for the planet through smart energy solutions and customer-focused materials. The company operates its business through three divisions: Qcells, Chemical, and Insight. The Qcells Division offers total energy solutions from photovoltaic module manufacturing, power plant operation to electricity retailing service. Long recognized as a prominent leader in the chemicals industry, the Chemical Division is growing into a global green energy materials company with its cutting-edge solutions for eco-friendly materials. The Insight Division is providing differentiated solutions through comprehensive development and financing for projects such as cities, smart green industrial complexes, renewable energy, premium real estate and premium content. With its innovative technologies for sustainable growth, Hanwha Solutions strives to become a global leader in bringing a better future for humanity.
For more information, visit: www.hanwhasolutions.com/en/
Hanwha Qcells
Hanwha Qcells (Hanwha Solutions Qcells division) is one of the world’s leading clean energy companies, recognized for its established reputation as a manufacturer of high-performance, high-quality solar cells, and modules, a portfolio of intelligent storage systems, and a growing international pipeline of large-scale renewable energy projects. Hanwha Qcells also provides renewable electricity retail services and packages to end customers the world over. The company is headquartered in Seoul, South Korea (Global Executive HQ) and Thalheim, Germany (Technology & Innovation HQ) with its diverse international manufacturing facilities in the U.S., Malaysia, and South Korea. Hanwha Qcells strives to offer Completely Clean Energy through the full spectrum of photovoltaic products, storage solutions, renewable electricity contracting, and large-scale solar power plants. Through its growing global business network spanning Europe, North America, Asia, South America, Africa, and the Middle East, Hanwha Qcells provides excellent services and long-term partnerships to its customers in the utility, commercial, governmental, and residential markets.
For more information, visit: www.qcells.com/us/
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