SEOUL, KOREA – Hanwha will press ahead with the domestic production of solar modules as domestic demand for solar modules is expected to increase on the back of Korea’s adoption of a Renewable Portfolio Standard (RPS) - a regulation that requires the increased production of energy from renewable energy sources.
On Tuesday, industrial insiders said Hanwha Solar Energy, a solar power subsidiary of Hanwha Chemical, was consulting with Korean module manufacturers over the OEM production of solar modules.
Hanwha Solar Energy is expected to go for the production of photovoltaic modules by using well-established manufacturers’ production lines. Once Hanwha Solar Energy provides peripheral materials including solar cells, the selected contractors will assemble parts into finished goods.
Hanwha Chemical has a 39% stake in Hanwha Solar Energy which was founded in 2011. In executing projects in and outside Korea, Hanwha Solar Energy has thus far used Hanwha SolarOne’s solar modules. Besides, the advent of Hanwha Q. Cells has further expanded Hanwha Solar Energy’s pool of solar module options. Against this backdrop, Hanwha Solar Energy’s such move seems to stem from its strategic choice to swiftly pioneer new territory in the domestic market.
Sean Chung (hbpark@etnews.com)
**Article provided by etnews [Korea IT News]
[Reference] : http://english.etnews.com/electronics/2715655_1303.html
