Hanwha spends US$955 million on polysilicon plant in South Korea

April 11, 2011
Facebook
Twitter
LinkedIn
Reddit
Email

Hanwha Chemical is planning to spend KRW1.04 trillion (US$955 million) on a new polysilicon plant to help double sales over the next five years, reports Bloomberg. When construction is completed in July 2013, the Yeosu plant will have the capacity to produce 10,000 metric tonnes of polysilicon a year.

“By advancing to the business of producing polysilicon, Hanwha Group could achieve a complete, vertical integration of solar-related businesses, from poly-silicon to ingots, wafer, solar cells and modules. This will allow the group to attain strong global competitiveness in the field,’’ a Hanwha spokesperson said. “Polysilicon is a key material for producing solar cells. The ability to self-provide our demand for polysilicon will give us a key advantage in stability and cost competitiveness and make us less vulnerable to market cycles.’’

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Hanwha claim the proposed polysilicon plant in Yeosu will generate sales totalling in excess of KRW500 billion (US$4.6 million) in 2014.

Read Next

Premium
October 17, 2025
According to Ronak Maheshwari of CRC-IB, there has been a struggle for US renewable power projects to secure necessary equity .
October 17, 2025
Norwegian renewable energy firm Scatec has signed lease agreements for 64MW of solar PV and 10MWh of energy storage capacity in Liberia and Sierra Leone.
October 17, 2025
A group of over 20 US states are suing the Trump administration for the cancellation of the US$7 billion Solar For All Scheme.
October 16, 2025
Masdar and Turkey have entered the final stage of US$1 billion agreement to develop the 1.1GW plant in Bor, Niğde Province, central Turkey.
October 16, 2025
T1 Energy and Nextracker have agreed to use the latter’s steel module frames at the former’s new 5GW module manufacturing facility in Dallas.
October 16, 2025
US utility-scale solar additions grew by 56% in 2024, reaching 30GW from 2023’s 19GW and representing over 54% of all new electricity generation capacity added in the country last year.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK