Hanwha Advanced Materials Georgia (HAGA) – part of Hanwha Solutions – will increase its investment in the US state of Georgia to support the integrated supply chain plans of its PV manufacturing subsidiary QCells.
Silicon materials producer REC Silicon has concluded a 10-year agreement with South Korean conglomerate Hanwha Solutions to offer fluidised bed reactor (FBR) polysilicon.
Qcells has announced plans for a fully integrated US solar manufacturing supply chain, aiming to manufacture solar ingots and wafers in the country as well as expand its module supply capacity.
With the US Department of Commerce finding that solar manufacturers in Southeast Asia are circumventing duties on Chinese PV cells, questions have been raised over potential legal challenges that lie ahead and whether American project developers will be able to secure enough modules to meet soaring demand.
Hanwha Qcells’ power plant division Q ENERGY Europe has teamed up with newly rebranded Q ENERGY France to establish umbrella company Q ENERGY Solutions SE as it seeks to deepen its ties to the European market where it has a 12GW development portfolio.
South Korean conglomerate Hanwha Group has said it will invest US$3.3 billion in solar and wind technology and intends to create a solar R&D hub in Korea as part of a massive investment strategy focused on several industrial areas.
Hanwha Solutions has an “ambitious plan” to revitalise US solar manufacturing increasing its stake in polysilicon producer REC Silicon, although it has called on the US to pass the Solar Energy Manufacturing Act (SEMA) to help support this.
Hanwha Solutions Corporation has agreed to buy a 16.67% stake in Norwegian polysilicon manufacturer REC Silicon in a deal worth around US$160 million, with the South Korean chemical company looking to reopen REC Silicon’s 20,000MT polysilicon factory in the US
