KMA and Hyundai Heavy agree to US$600 million polysilicon deal

Facebook
Twitter
LinkedIn
Reddit
Email

Korea Advanced Materials (KMA), a joint venture between Hyundai Heavy and South Korean paint maker KCC Corp., has closed a US$600 million deal to supply polysilicon to Hyundai Heavy Industries Co. from 2010 to 2015.

Hyundai Heavy, a large ship builder, also has a previous deal to purchase US$508 million of polysilicon from 2001 to 2015 from Woongjin Polysilicon, a subsidiary of Woongjin Holdings Co.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Hyundai Heavy has been vertically integrating its solar business and expects to finish construction of a solar cell manufacturing plant in 2010. In 2005 the company commissioned a solar module assembly line from Spire to produce 150,000 solar modules per year. It also has an ongoing wafer supply contract with LDK solar.

Hyundai Heavy announced last spring its expectations of solar cell and module sales to reach approximately US$960 million by 2010.

Read Next

May 30, 2025
Independent power producer (IPP) Aquila Clean Energy has started construction on a 52MW agrivoltaics (agriPV) project in Italy.
May 30, 2025
The US added 7.4GW of new renewable energy capacity in the first three months of 2025, with deployments and planned projects concentrated in Republican-voting states.
May 30, 2025
Solar and wind curtailment have increased by 29% between 2023 and 2024 in California, according to the US Energy Information Administration.
May 30, 2025
Companies delayed or cancelled US$14 billion in investments in clean energy projects in the US in the first four months of this year.
May 30, 2025
Waaree Solar Americas – a subsidiary of Indian solar manufacturer Waaree Energies – has signed a 586MW solar module supply agreement with an undisclosed independent power producer (IPP).
May 30, 2025
Spanish independent power producer (IPP) has unveiled two new solar-plus-storage projects, one in Central Chile and the other in Spain.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 17, 2025
Napa, USA
Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 8, 2025
Asia