SO KOREA EXPANDS SUN BUILDING

Hyundai Heavy to Build Korea's Largest CIGS Thin-film Soar Cell Plant
December 9, 2010 (World of Photovoltaics)

"Hyundai Heavy… took the first step in building Korea's biggest CIGS(copper, indium, gallium, selenide) thin-film solar cell plant…The investment agreement signed with France's Saint-Gobain and Chungcheongbuk-do is to build a 400 MW CIGS solar cell plant in Ochang Foreign Investment Zone, Chungcheongbuk-do , by 2015. Construction is scheduled to start from March 2011.

"Upon completion, the 231,000 ㎡ solar cell plant will have four solar cell manufacturing buildings with an annual production capacity of 100 MW CIGS each and one administration office building. [It will allow Hyundai Heavy to achieve its target of being a Global Top 5 CIGS solar cell manufacturer by 2015.]"

Hyundai plans to manufacture its way into the club. (click to enlarge)

"Last October, Hyundai Heavy and Saint-Gobain established the joint venture company Hyundai Avancis that can help to advance mass production of thin-film solar cells in the Korean market…

"The new factory is also expected to have a positive effect on the economy of Chungcheongbuk-do by creating about 1,000 new jobs and boosting local tax revenues."