Rooftop Solar LG-Solar-Facility-in-Gumi-01-1024x718

Published on January 20th, 2016 | by Jake Richardson

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$435 Million To Be Invested To Triple Solar Production By LG Electronics

January 20th, 2016 by  

LG Electronics will invest $435 million to triple its production of N-type solar modules. An expanded production facility in Gumi, South Korea will be employed to reach this goal. Currently, LG’s production is approximately 1 GW, but it wants to grow that figure to 3 GW by 2020, with a stop at 1.8 GW by 2018.

LG-Solar-Facility-in-Gumi-01-1024x718“The significant increase in production offers the hope of lower prices for these premium modules over time, making top-of-the-line solar affordable for “mainstream consumers,” wrote Jim Jenal, Founder & CEO of Run on Sun, a Pasadena, California solar power installer and integrator.

LG has a number of Neon products you can check out, ranging from 275 watts up to 360. These solar modules are all considered high-efficiency. (If the name LG sounds familiar to you, it might be because you have seen the company’s non-solar products like mobile phones, display screens or appliances like washers and dryers.)

SunPower makes the same kind of n-type solar modules and says its are the most efficient in the PV industry.

Its nameplate production capacity has been reported to be 1.5 GW, so it currently has more than LG, but SunPower may reach less by 2020 than LG: 2.5 GW vs. 3 GW.

SolarCity wants to have a 1 GW solar production facility up and running by 2017 in upstate New York, which produces n-type solar technology as well. Once source explained that at the full 1 GW production level the number of solar panels would between “9,000 and 10,000 solar panels per day.”

Conditions at LG Electronics may differ in some ways, but that figure might provide at least some indication of how many would be produced in South Korea, where six production lines will be added to the existing eight.

LG started its solar division in 1995, and since then its solar products have won awards such as the 2013 Outstanding Performance Intersolar Award, as well as one in 2015.

Image Credit: LG Electronics

 
 
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  • tibi stibi

    the intersting thing is that this factory will be producing 3 GW each year. a bit like a coal plant which will produce 3 GW a year….
    BUT the difference is that the factory will ADD 3 GW of solar cells. so after year 2 there will be 6 GW installed and year 3 9 GW etc.. Thats the great diffeence between building a coal plant or a solar factory. it is like building a coalplant factory 😉

    • Ivor O’Connor

      Devils advocate here.

      Keep the capacity factor in mind. Coal has a capacity factor of say 50%. (Probably a little higher.) Solar has a capacity factor of maybe 15%. So 1GW of coal is the equivalent of maybe 4GWs of solar.

      Now having said that of course solar is by far the better choice.

      • Bob_Wallace

        A bit higher for each…

        Coal
        2013 50.6%
        2014 61.0%

        PV Solar
        Aug – Dec 2014 25.9%

        http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_6_07_b

        • Ivor O’Connor

          That’s a very high CF for solar. 25.9% means 6.21 hours of sunlight on average. And the EIA sees this in fall, including December, on average despite rain, clouds, etc., across the USA? Interesting.

          That’s a bit higher than the theoretical max in most of California! http://www.solardirect.com/pv/systems/gts/gts-sizing-sun-hours.html

          • Bob_Wallace

            Remember: tracking.

      • tibi stibi

        my point is that solar is cumulative and coalplant is stable. than the capacity does not matter.

        i’m not sure how it works with a factory producing 3 GW how this is translated to Wp.

  • tmac1

    I have 12 LG panels on my roof

    • Shiggity

      Life must be good.

  • Martin

    Does anybody know if the picture shown is of the current factory and if that building has PV on the roof?

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