Hyundai Heavy Industries is to enter the solar cell manufacturing industry on the back of an order placed with centrotherm photovoltaics AG, for five 50MW turnkey crystalline solar cell manufacturing lines. All five lines (250MW) will be delivered in 2009 to Hyundai’s Eumesong location in South Korea.
“It gives us great pleasure to enable a further company to make a successful, industrial entry into the photovoltaics market,” commented Robert Hartung, CEO of centrotherm photovoltaics. “Crystalline solar cells remains our strongest area. We are constantly researching improvements in production processes and provide performance guarantees for our turnkey lines. This has also convinced our Korean customers. All signs continue to point towards further growth at centrotherm photovoltaics. The business in Asia, in particular, is enjoying stellar growth, and meanwhile accounts for around 70% of total revenue.”
centrotherm photovoltaics said that its order backlog now stands at €712.9 million.