Published on December 9th, 2014 | by Mridul Chadha1
Hanwha SolarOne Plans 230 MW Module Manufacturing Facility In South Korea
December 9th, 2014 by Mridul Chadha
Chinese solar panel manufacturer Hanwha SolarOne has announced its plan to build a new solar photovoltaic manufacturing facility in Eumseong, South Korea. The company will invest $12 million to build the new facility. The production at the manufacturing facility is scheduled to commence from the second quarter of 2015 with an annual manufacturing capacity of 230 MW.
In addition to meeting the local demands of Korean project developers, the new facility will supply tariff-free modules to United States. Hanwha SolarOne, in 2012, opened a new subsidiary called Hanwha SolarEnergy America to increase its share in the American market with an estimated project pipeline of 1 GW. It has already completed several projects in various cities across California.
Currently, a Hanwha SolarOne production facility is located in China which is undergoing expansion. By the end of this year, the company’s cell production is supposed to reach 1.5 GW and module production is supposed to reach 2 GW. With the establishment of a new facility in Korea, the Hanwha SolarOne’s total module manufacturing capacity is expected to reach 2.23 GW.
In the new Korean facility, only module assembly operation will take place. Wafers and cells for the module assembly are expected to come from its already established Chinese manufacturing facility or can be sourced externally. The new facility will employ over 200 people including R&D personnel.
The last two quarter earnings of Hanwha SolarOne have been disappointing. However, the company is continuously experimenting with innovative ideas to upgrade the manufacturing equipment, which would help in improving efficiency and also bring down the manufacturing costs.
Image Credit: Hanwha SolarOne