PV inverter manufacturer KACO new energy is changing its business focus to include only string inverters and energy storage products, after its acquisition of Energy Depot, selling its central inverter business subsidiary in South Korea to OCI Power. Financial details were not disclosed.
South Korea’s government is planning for nearly 3GW of solar PV alongside smaller capacities of wind and batteries on reclaimed land in Saemangeum, an area of land created by a huge Seawall project completed in 2010.
Macquarie Capital Korea, a subsidiary of investment firm Macquarie Group, has signed a memorandum of understanding (MoU) with the county office of Goesan in South Korea to finance a significant solar-plus-storage project, while it has also invested in what is said to be the largest energy storage project base in the country.
Clean-energy incentive company Swytch has announced a partnership with Chuncheon, the capital of Gangwon Province in South Korea, to spur economic growth and sustainability efforts while cutting down carbon emissions within the city.
‘Silicon Module Super League’ (SMSL) member JA Solar has become the first Chinese manufacturer to indicate efforts to increase its overseas sales - following China’s move to curtail solar growth - by announcing that it is establishing a new subsidiary in South Korea.
‘Silicon Module Super League’ (SMSL) member Hanwha Q CELLS has lowered full-year shipment guidance to 5,600MW to 5,800MW, compared to its initial guidance of 6,000MW to 6,200MW, which could be attributed to the impact of the US Section 201 trade case duties and the company’s refocus on the European market.
Leading integrated high-efficiency monocrystalline module manufacturer and ‘Silicon Module Super League’ (SMSL) member LONGi Green Energy Technology has signed a three year deal to purchase polysilicon from Korean-headquartered polysilicon producer OCI Co worth around US$1.02 billion.
South Korea has requested consultations with the US government over its newly announced solar import tariffs, threatening legal action at the World Trade Organization (WTO) if the dispute is not resolved, according to documents filed at the WTO.
The South Korea Ministry of Trade, Industry and Energy has announced its 8th long-term plan for electricity supply and demand, including environmental and safety factors, stable power supply and economic efficiency.