South Korea’s Growing Solar Power Industry

Due to growing demands of two biggest solar players in the world, China and U.S., many experts in solar industry predict that this year’s solar power installations will surpass the previous years. However, there have been some mixed results in the domestic PV industry. Basic materials manufacturing companies failed to benefit from the boom because of the decrease in polysilicon prices, while solar cells and modules production and...

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South Korea To Invest USD 25M in Nicaraguan Solar PV Project.
Feb29

South Korea To Invest USD 25M in Nicaraguan Solar PV Project.

Nicaragua’s National Assembly announced that the South Korean government will invest USD 25 million (EUR 22.7m) in solar projects in rural communities. According to Korean Ambassador Seok Hwa Hong, the first project will start in late 2016 or early 2017. In April, the export-import Eximbank bank of South Korea, together with the Ministry of Finance and Public Credit, are expected to sign a formal agreement to develop the...

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Korea Energy Agency To Develop New Distributed Generation System in the Philippines.
Aug24

Korea Energy Agency To Develop New Distributed Generation System in the Philippines.

Korea Energy Agency starts to develop new renewable distributed energy generation systems based on photovoltaic power generators in the Philippines. Last August 20, the energy corporation announced that it has recently signed a joined contract with the Asian Development Bank (ADB) and the National Electrification Administration (NEA) of the Philippines to develop new renewable distributed generators. The distributed generation system...

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South Korean Solar Firm Adds 45 MW in UK.
Jun09

South Korean Solar Firm Adds 45 MW in UK.

A South Korean solar company has opened two plants in the UK with a total capacity of 45.2MW. Hanwha Q Cells has started operations at the 20.4MW Fenland Farm and the 24.8MW Green End solar plants near Cambridge. Around 172,500 solar panels have been installed at the sites in total. The company claims this will save around 22,700 tons of carbon emission per year. Hanwha was responsible for the engineering, procurement and...

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