South Korea

Hanwha Q Cells to be merged with Hanwha Advanced Materials

The transaction, expected to be finalized next month, will be made through the purchase by the Advanced Materials business of the holdings of Q Cells’ three main stakeholders. The company told pv magazine the operation is intended to enhance the group’s solar growth strategy.

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Korean scientists hit 12% efficiency on non-fullerene organic cell

A research team from South Korea’s Ulsan National Institute of Science and Technology has demonstrated a new process for the creation of organic solar cells. Using this method, the team has created cells with a conversion efficiency up to 12.01%.

Hanwha Q Cells reports lower revenue, swings to loss in Q2

At US$518.4 million, the quarterly turnover of the South Korean-German manufacturer was down 10.3% year-on-year, while its net result swung from a profit of $18.7 million in the second quarter of 2017, to a loss of $41.3 million in the latest quarter. Despite this, the outlook for full fiscal 2018 remains unchanged.

Trump confirms additional 25% tariffs on Chinese cells and modules

While the duties make importing solar from China even more impractical, they are unlikely to have a significant impact on trade flows or on the U.S. market, with Chinese manufacturers outsourcing operations overseas.

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Proposal to take Hanwha Q Cells back into private ownership

With Hanwha Solar Holdings already owning 94% of the company, the module manufacturer could soon be a private company again. The Korean solar company says the transaction would cost the holding company around $45 million.

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Avancis to restart Korean CIGS fab

The German thin film solar PV manufacturer has said it will restart production at its CIGS facility in South Korea. Annual production, scheduled for H1 2019, will be 100 MW.

South Korea to set new PV construction rules after landslide destroys array

The South Korean government has revealed plans to introduce new environmental guidelines and rules on where PV projects can be built, following a public outcry after a landslide smashed into an operational solar array south of the city of Daegu.

Wärtsilä, Hyundai ink agreement on second-life EV batteries for grid storage – comment

Finnish-based energy-solution provider, Wärtsilä has signed an agreement with automobile producer, Hyundai Motor Group to establish a commercial partnership for the use of second-life electric vehicle (EV) batteries in storage solutions.

Korean researchers propose new material for stable, lead free perovskite

A team of scientists from the Korea Advanced Institute of Science and Technology (KAIST) has proposed a gold-based halide perovskite as a material for high efficiency solar cells, which it says could be both more stable and more environmentally friendly to produce than many existing perovskites which scientists are investigating to boost solar efficiency.

Solar becoming par for the course in Japan

LG’s 56 MW PV park is the group’s largest in Japan and will join the string of energy schemes feeding big data into the conglomerate’s Energy Optimization Center, when it opens this year.

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