The nascent solar arm of electronics giant, Samsung has been shuffled into subsidiary, Samsung SDI, known originally for flat panel display manufacturing but more recently for lithium ion battery manufacturing. Samsung said that the transaction, valued at approximately US$148 million was to ‘manage the company’s resources more efficiently and focus more on its key businesses.’Samsung SDI will take over the solar cell business on July 1, 2011.
Samsung said in a separate announcement a few days ago that it would be holding a press conference at major solar event, Intersolar in Munich next month to discuss its expanding commitment to the PV industry and present new PV modules. This is the first time Samsung is officially holding a press event in relation to its PV business. Samsung said that its plans to invest US$5.5 billion in its PV business through to 2020 was is part of the long-term ‘Green Management Plan’ of the company
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
Last year at the same event, PV-Tech obtained an exclusive interview with Changsik Choi, the Executive Vice President of Samsung Electronics, Solar Energy Business Team. Then the focus was on manufacturing high-efficiency solar cells but the company is now selling modules and moving to become a fully integrated supplier from polysilicon through to module and on through to project developer for utility-scale PV power plants.
