Hyundai-Avancis has started building work on South Korea’s largest CIGS thin-film solar module plant in Chungcheongbuk-do. Over ₩220 billion (US$200 million) has already been invested in the project, which has a scheduled completion date of January 2012. Funding has come from Saint-Gobain and Hyundai Heavy.
This first phase of building work will take the facility’s capacity to 100MW CIGS, although Hyundai-Avancis has already announced plans to expand this to 400MW by 2015, and the company hope the plant can propel it into the world’s top 5 CIGS solar module manufacturers by 2015.
A ceremony to mark the beginning of construction, held in Chungcheongbuk-do’s Ochang Foreign Investment Zone, was attended by Saint-Gobain CEO Pierre-André de Chalendar and Hyundai Heavy chairman Min Keh-sik, as well as 250 government officials and business figures.