LG Electronics to Invest in Solar Cell Production Line

October 21, 2008

LG Electronics decided at its board of directors meeting held on October 20 to convert its A1 plasma panel-manufacturing line in Gumi, Korea, into solar cell production lines.

LG plans to invest KRW 220 billion by 2010 to establish two production lines. The company expects that the first line will be able to begin mass production from the first quarter of 2010, with the second line beginning full operations in the first quarter of 2011. Both lines will manufacture crystalline silicon solar cells and modules with a capacity of 120MW each.

“Leveraging LG’s cumulative R&D knowledge in various photovoltaic technologies for the last three years as well as our mass manufacturing expertise will allow us to quickly become a global player in the solar cell and module manufacturing business,” said Kwan Shik Cho, head of the Solar Cell Business Team at LG Electronics.

LG currently operates a solar cell business team under its chief technical officer (CTO). The company has also progressively accumulated R&D knowledge to further expand its business into the solar energy industry as a new growth engine. As a part of this strategy, LG Electronics acquired solar cell business by transfer from its sister company, LG Chem Ltd., in June 2008.

Industry experts forecast that crystalline silicon solar cells will make up the 80 percent of solar business, in contrast to thin film solar cells. Crystal silicon solar cell utilizes silicon wafer, while thin film solar cell coats light absorption layers and electrodes from various materials on a substrate, meaning thin film solar cell is relatively inexpensive but low in efficiency. Currently, the global solar industry market is valued at more than USD 10 billion dollars.

Source: LG

Explore further: Harnessing the power of waste

Related Stories

Harnessing the power of waste

August 5, 2015

What are you wearing right now? It's not a pickup line—it's a measure of your carbon footprint. If you're sporting any man-made fabrics, like polyester, Dacron or rayon, you're clothed in chemicals derived from nonrenewable ...

America's place in the sun: Energy report sets goal

December 24, 2014

A recent energy report said that America should build on the recent growth in solar energy by setting a goal of obtaining at least 10 percent of its electricity from solar power by 2030. "Star Power: The Growing Role of Solar ...

Falcon-inspired drone has legs, will perch and land

January 29, 2014

(Phys.org) —Adding legs to drones targeted for observation is the pursuit of a company with roots at MIT Media Lab and NASA. Bhargav Gajjar of Vishwa Robotics in Brighton, Massachusetts, designed the legs for small drones.

Recommended for you

Interactive tool lifts veil on the cost of nuclear energy

August 24, 2015

Despite the ever-changing landscape of energy economics, subject to the influence of new technologies and geopolitics, a new tool promises to root discussions about the cost of nuclear energy in hard evidence rather than ...

Smart home heating and cooling

August 28, 2015

Smart temperature-control devices—such as thermostats that learn and adjust to pre-programmed temperatures—are poised to increase comfort and save energy in homes.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.