Dec. 2 (Bloomberg) — Hanwha SolarOne Co., the photovoltaic
manufacturing unit of South Korea’s Hanwha Group, is spending
$12 million to build a factory that will be able to make panels
with 230 megawatts of capacity a year.
The plant in Eumseong, South Korea, is expected to begin
producing panels in the second quarter, the Qidong, China-based
unit said today in a statement. Once complete, the company’s
annual module-making capacity will be 2.23 gigawatts.
The factory will “further diversify our manufacturing
footprint, allowing us to offer tariff-free modules to the
U.S.,” Chief Executive Officer Seong-woo Nam said in the
statement. The U.S. imposes duties on some solar products made
in China and Taiwan.
To contact the reporter on this story:
Justin Doom in New York at
jdoom1@bloomberg.net
To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Will Wade, Steven Frank