Hanwha SolarOne Building 230-Megawatt Panel Plant in South Korea

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

To contact the editors responsible for this story:
Reed Landberg at
Will Wade, Steven Frank

About BloombergNEF

BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Our expert coverage assesses pathways for the power, transport, industry, buildings and agriculture sectors to adapt to the energy transition. We help commodity trading, corporate strategy, finance and policy professionals navigate change and generate opportunities.
Sign up for our free monthly newsletter →

Want to learn how we help our clients put it all together? Contact us