SEOUL, Jan. 31 (Korea Bizwire) – The total capacity of newly installed commercial solar panels in South Korea reached 3.16 gigawatts in 2024, data showed Friday, exceeding the 3-GW level for the first time in three years. The figure marks a 9 percent increase from 2.9 GW installed in 2023, according to the data compiled [...]
SEOUL, March 24 (Korea Bizwire) — Hanwha Advanced Materials Inc., a unit under South Korea’s energy-to-defense Hanwha Group, will spend US$147 million to build a facility in the U.S. state of Georgia to supply a key material to Hanwha’s solar panel arm, the Georgia governor’s office has said. The factory will be located in Cartersville, [...]
SEOUL, Jan. 26 (Korea Bizwire) — Hanwha Solutions Corp. said Thursday its U.S.-based solar panel unit signed a partnership with Microsoft Corp. to supply solar panels and related services to projects under way by the American tech company. Hanwha Q Cells will work with Microsoft to supply more than 2.5 gigawatts of solar panel modules [...]
DAEJEON, Dec. 15 (Korea Bizwire) – A joint research team from the Korea Institute of Industrial Technology and Hanyang University announced that it has developed a highly durable floating solar panel structure by recycling low quality waste carbon fiber. The research team found that the surface cohesion between carbon fiber and plastic resin is maximized [...]
SEOUL, May 12 (Korea Bizwire) — Hanwha Solutions Corp. said Thursday it is spending 380 billion won (US$294.7 million) to build facilities for advanced solar cell technology in South Korea and the United States. The chemical and energy unit of South Korean conglomerate Hanwha Group unveiled the plan at Intersolar Europe, an exhibition for solar [...]
SEOUL, Feb. 23 (Korea Bizwire) — LG Electronics Inc. said Wednesday that it decided to discontinue its solar panel business due to rising costs and fierce competition. The decision came “as uncertainties in the global solar panel business continue to increase due to a variety of factors, including price competition and the rising cost of [...]
SEOUL, Feb. 4 (Korea Bizwire) — South Korean solar panel makers and importers will face extra charges if they fail to fulfill their recycling obligations, starting from January 2023. The Ministry of Environment announced on Thursday that it would make an advance legislation notice on the partial revision of subordinate laws in three resource circulation [...]
SEOUL, Aug. 20 (Korea Bizwire) — The Korea Institute of Energy Research said Thursday that its research team had succeeded in developing a highly efficient solar cell using old solar panels. Solar panels consist of glass, aluminum, silicon and copper, 80 percent of which can be recycled using appropriate recovery technology. The recycling technology developed [...]
SEOUL, Aug. 12 (Korea Bizwire) — The Korea International Cooperation Agency (KOICA) announced Wednesday that it will build a solar power plant in Fiji, an island country in the Pacific that is struggling with climate change. The project is a part of KOICA’s renewable energy project that has been taking place in Fiji, the Solomon [...]
SEOUL, Nov. 9 (Korea Bizwire) — Shares of South Korean battery makers and renewable energy suppliers got a fresh boost Monday as investors bet on Joe Biden’s win in the U.S. presidential election with clean energy pledges. Biden’s green energy plan includes significant investments in charging infrastructure for electric vehicles (EVs) and updating government vehicle [...]