An investment of US$20.8 million has resulted in Hyundai Heavy Industries (HHI) completing its new Solar R&D Center in Eumseong, Korea, home to its 600MW of cell and module manufacturing operations.
Lee Chung-dong, COO of Hyundai Heavy’s Green Energy Division said, “The establishment of Solar R&D Center equipped with cutting-edge facilities will serve as a stepping stone to consolidate our position as a leading integrated eco-friendly company through cost reduction and efficiency improvement.”
The company is placing increasing emphasis on advanced cell and module technology to differentiate itself in an overcrowded market.
The company said that it had recently completed the development of copper-contact selective emitter solar cells with 19.7% conversion efficiency as well as a passivated emitter, rear locally-diffused (PERL) cells with 20.4% conversion efficiency. The company said that both technologies have been verified by Fraunhofer ISE.