Korean PV push: Hyundai Heavy Industries to nearly double cell, module capacity to 600MW by 2011

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email

In another move by a Korean conglomerate to expand solar PV manufacturing, Hyundai Heavy Industries said it plans to double its annual module and cell production capacity from the current levels of 320MW and 370MW to 600MW, respectively, by early 2011. The company, which claims to be the largest PV cell and module producer in South Korea, will complete the near-doubling of its capacity through the expansion of its solar power factory in Eumseong, north Choong-cheong province, by early next year and start full-scale production from the second quarter of 2011.

The company said the decision to expand the Eumseong facility was based on increasing demand for solar cells and solar modules from Germany, Italy, Czech Republic, and other European countries where suppliers cannot meet the demand.

“We already had enough orders for this year, and we are now receiving orders for next year,” said Kim Kweon-tae, COO of Hyundai Heavy’s electro electric systems division. “Our target is to be [in the] global top 10 with annual sales of 2 trillion won (US$1.645 billion)and annual production capacity of 1GW by 2012.”

Farther up the PV production stream, Hyundai Heavy has also been processing 3000 tons of polysilicon prototypes at Korea Advanced Materials, a company jointly established with KCC.

It also aims to be the first Korean solar power company with a vertically integrated production scheme–from polysilicon through complete systems–by having an annual production capacity of 100MW of ingots and wafers as well.

Hyundai Heavy is one of several Korean companies along the value chain that are making sizeable investments in solar PV production and seeking to break into the top tier of global solar players.

Samsung Electronics told PV-Tech recently that it plans to spend $6 billion on building up its solar PV capabilities over the next decade, with a stated objective of scaling to multi-gigawatt-level manufacturing capacities.

LG Electronics said earlier this week that it has opened a pair of c-Si solar cell production lines, one for multicrystalline cells, the other for monocrystalline, as the first part of its own longer-term manufacturing strategy.

On the materials side, Korean polysilicon producer OCI (formerly DC Chemical) announced that it wants to become the number-two supplier of the key raw material, with plans for ramping capacity to 32,000MT by the end of 2011.

Capital equipment maker Jusung Engineering signed a deal earlier this year worth nearly US$139 million to supply turnkey c-Si and thin-film production equipment to Chinese company G Group–said to be the largest single contract in Jusung’s history.

19 October 2021
This year’s EV World Congress will hold a special role, not only as the first live EverythingEV event in over a year – a chance to renew your connections and re-engage with the EV sector face to face – but also as a chance to share insight and inspiration as world starts to look towards move on post COVID towards hitting ambitious decarbonisation goals in 2030 and beyond. As ever, we will be bringing world leading organisations, cities, and technology providers to the UK to inspire EV innovators, and delve into the challenges facing the sector as the UK looks to revolutionise road transport.
20 October 2021
Utility-scale solar is evolving, shaped by higher power modules and demand for increasingly lower levelised cost of electricity (LCOE). Those trends are also changing project requirements elsewhere, with inverters capable of delivering high power density and power capacity in strong demand. In this webinar, FIMER will detail how its innovative high-power, multi-MPPT string inverter and modular conversion solution can both meet those demands and transform the utility-scale solar sector for the better.
20 October 2021
The race is on but we need to sprint… With global climate talks fast approaching and time running out to prevent the most disastrous impacts of climate change, now is the time to act. The Summit will explore the opportunities that emerge from taking action on climate change and provide a clear pathway forward for governments, citizens and companies. Taking place just 10 days before the G20 meeting in Rome, on 30-31 of October, and in the lead up to the critical COP26 meeting in Glasgow from 31 October–12 November, this event will be instrumental in influencing ambitious global action.
10 November 2021
The solar tracker market continues to mature at breakneck speed, with designs and component selections becoming ever-more complex in the pursuit of better project economics. But a more simplistic design could deliver a triple benefit of lower Capex, EPC and Opex costs. This webinar will set out the ideal single axis tracker design for utility-scale solar farms. The design leapfrogs from decades of experience, with a comprehensive understanding and attention to the three cost structures of Capex, EPC and Opx. Sun and Steel Solar has prototyped a single axis tracker designed to deliver up to US$0.03/W in real savings compared to existing single axis trackers on the market. That’s US$30 million for every gigawatt deployed.
15 November 2021
The 10th edition of the famous Metallization and Interconnection Workshop, MIW2021, will take place in the Thor Central venue in Genk, Belgium, on Monday, November 15, and Tuesday, November 16, 2021 as a face-to-face meeting. We are longing for direct exchange of knowledge and ideas after a long time. Hopefully you can be part of it! But of course, the organizors will keep an eye on the evolution of the Covid pandemic. It will be assess carefully, whether the workshop can be held without major risks or excessive restrictions. We are looking forward to exciting talks, discussions and meetings and to welcoming you in Genk!
23 November 2021
The solar, storage and EV industries in the UK are going from strength to strength. There is no better place for the community to meet, share ideas and do business than Solar & Storage Live from 23-25 November at the NEC.There’s something for everyone; more than 150 exhibitors, a high-level conference, a start up and innovation zone, a poster zone, strategic partners to network with and much more. 

Read Next

October 19, 2021
Shortlisted bids in Saudi Arabia’s latest solar tender have jumped significantly on the lowest price recorded in the country’s previous renewables programme, reflecting the hikes in PV equipment costs in recent months.
October 19, 2021
The White House has said renewables are still key to its budget reconciliation bill despite rumours of the investment tax credit (ITC) being modified as opposition to the bill by senators Manchin and Sinema continue
October 19, 2021
Europe's energy crisis can be a boon for renewables deployment on the continent by bolstering business cases, but familiar foes such as grid constraints will still need to be hurdled in the coming years.
October 19, 2021
Solar tracker manufacturer Soltec has signed a framework agreement with renewables developer Acciona Energia to supply trackers over a three-year period.
October 18, 2021
Heterojunction cell and module manufacturer Meyer Burger has appointed a new CFO just one year after incumbent Jürgen Schiffer took on the role.
October 18, 2021
Italian grid operator Terna has acquired Italian solar O&M provider LT in a €24 million (US$27.8 million) transaction.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 19, 2021
BRISTOL, UK
Upcoming Webinars
November 10, 2021
8am (PST) | 5pm (CET)
Solar Media Events
December 1, 2021