Hanwha has announced plans to invest $320 million in expanding its US and South Korean manufacturing capacity In the US, it will build 1.4 GW module fab worth $170 million targeting a completion timeline of H1/2023 In South Korea, it will invest $150 million to expand its overall cell manufacturing to a total of 5.4 […]
Hanwha to study building solar panels above crops
South Korea will launch a pilot study into dual-use solar farms where panels are installed above crops so as to maximize the use of limited land space while striving towards a renewable future. Hanwha Q Cells will join a consortium led by Yeungnam University to research and develop necessary systems and standardize the solar farm […]
Nikola strategic partner Hanwha to sell 50% of EV stake
The amount to be sold is worth about $180 million based on its closing price of $16.39 A representative from Hanwha said on Thursday that it plans to sell the shares from June 9 until Dec. 10 Nikola Corp. is seeing another strategic partner sell down its stake as South Korea’s Hanwha Group signaled its […]
Hanwha Q CELLS Stepping up R&D in Next-generation Solar Cells
Hanwha Q CELLS will partner with universities and small and medium-sized enterprises to develop tandem cells, a next-generation solar cell. The company announced on Dec. 15 that a consortium it formed with universities and partner companies was selected for a government-funded research and development project on perovskite/crystalline silicon solar cells (tandem cells). The selection was […]
Hanwha Q CELLS Wins Solar Cell Patent Lawsuit in China
Hanwh Q CELLS announced on Nov. 17 that a Chinese state agency has sided with it in a lawsuit filed by China’s photovoltaic manufacturer LONGi Solar to nullify the Korean company’s patents. In July and August 2019, LONGi Solar filed the lawsuit with the State Intellectual Property Office of the People’s Republic of China to […]
Hanwha, LG eye world’s biggest floating solar farm project in Korea
Competition heats up as bidding begins for mega solar power project The bidding for the world’s biggest floating solar farm project is set to begin in South Korea, drawing interest from major domestic solar power companies, according to industry sources. Korea Hydro & Nuclear Power currently aims to build a 2.1-gigawatt floating solar power plant […]
Hawaiian Electric Reveals Full List of Winners From Its Big Energy Storage Procurement
The winners range from energy storage stalwarts to relative newcomers to the large-scale battery business. Hawaiian Electric this week revealed the full list of winners from its second large-scale procurement of energy storage and renewables for the islands of Oahu, Maui and Hawaii. The winners run the gamut from major industry players like AES and Engie to […]
Bosch And Hanwha Have Invested Over $230 Million In Nikola
PHOENIX: As part of its ongoing fundraising effort, Nikola Corporation (NEE-KO-LA) is proud to announce two strategic investors from its prior funding rounds. Bosch and Hanwha have each invested at least $100 million, totaling $230 million. Earlier this week, Nikola announced the lead investor, CNH Industrial, as part of its $1 billion Series D fundraising […]
KBJ, Hanwha to develop 30 MW solar plant in Perlis
Local company Konsortium Beseri Jaya Sdn Bhd (KBJ) and Hanwha Energy Corp Singapore Pte Ltd (Hanwha) have set up a joint venture firm, KBJ Hecmy, investing over RM220 million to develop a 30 megawatt (MW) photovoltaic power plant at Kampung Perawah, Chuping Hanwha Asia business unit senior vice president James Lee said KBJ Hecmy successfully […]