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

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

September 15, 2025
Advances in edge-based artificial intelligence are helping make solar and storage interoperable by tackling the data challenge, writes Andrew Foster.
September 15, 2025
Italy’s latest renewable energy tender has received 12GW of bids, of which the majority, 10GW, came from solar PV.
September 15, 2025
Sunrun has priced a securitisation of leases and power purchase agreements, taking its non-recourse debt capital raised in Q3 above US$1.5 billion. 
September 15, 2025
Norwegian energy firm Statkraft has agreed to divest a portion of its renewable energy portfolio to Serentica Renewables.
September 15, 2025
UNSW spin-out company Lab360 Solar has been awarded funding from ARENA to bring its drone-based PV inspection technology to market.
Premium
September 15, 2025
The UK government and solar industry have jointly published a long-anticipated roadmap detailing how to maximise the country’s solar potential. Chris Hewett, CEO of Solar Energy UK takes a closer look at the details.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines