Hyundai-Avancis Breaks Ground on 100MW CIGS Thin-Film Module Plant
News - Staff reports
Author: CompoundSemi News Staff
April 18, 2011... Hyundai-Avancis, a joint venture of Hyundai Heavy Industries and Saint-Gobain, held a ground-breaking ceremony for a 100MW CIGS (copper indium, gallium selenide) thin-film solar module plant. The ceremony, which was held in Ochang Foreign Investment Zone, Chungcheongbuk-do, was attended by Mr. Pierre-Andre de Chalendar, chairman and CEO of the Compagnie de Saint-Gobain, Mr. Min Keh-sik, chairman of Hyundai Heavy, and 250 government officials and business people.
Saint-Gobain, a construction markets leader, and Hyundai Heavy, a leading green energy provider, each invested KRW 110 billion won (about USD $100 million) . Hyundai-Avancis plans to complete the PV module plant by January 2012 and start production in the second half 2012. In addition to its first 20 MW facility in Torgau (Germany), the group is currently building a second Avancis plant on the same site, with a future annual output of 100 MW, to begin operations at the end of 2011.
The new Hyundai-Avancis plant may expand the company's annual production capacity to 400 MW by 2015, considering market conditions. Hyundai Heavy, Korea's biggest solar cell manufacturer, has a 600 MW solar cell and solar module factory at Eumseong, Chungcheongbuk-do. The new solar plant will also make Hyundai Heavy a manufacturer of a full range of solar power products such as polysilicon, ingot/wafer, solar cells, solar modules, and solar power systems.
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