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President Lee Myung-bak talks with United Arab Emirates (UAE) President Sheikh Khalifa bin Zayed al-Nahayan at the Emirates Palace Hotel in Abu Dhabi, the capital of UAE, Sunday, after Korea won a $41 billion contract to build nuclear power plants in the Middle East country. / Korea Times Photo by Sohn Yong-seok By Na Jeong-ju, The Korea Times A consortium led by the Korea Electric Power Corp. won a $40 billion contract Sunday to build nuclear power plants in the United Arab Emirates, paving the way for South Korea to become a major energy facility exporter. It is the largest-ever energy deal awarded in the Middle East, which has sought to replace oil with nuclear power and other alternative energy sources amid falling oil reserves. Policymakers here called the contract a diplomatic triumph, saying it will help strengthen the country's economic ties with the region, as well as provide a crucial opportunity to boost shares in the fast-growing energy market. The deal with the Emirate

LG Electronics will begin production next month at its 120MW crystalline-silicon solar cell manufacturing line in Gumi, South Korea, about 200 kilometers southeast of Seoul. The company said it will open a second line in 2011, which will increase total output to 240MW. LG has invested nearly $187 million in the business. “LG's intention is to become a global player in the world’s solar industry through a combination of our mass production expertise and strict quality control system,” said Kwan-shik Cho, VP of LG's solar business team. “While we recognize this is a crowded playing field, LG has the necessary skills, know-how, and business strategy to make this a profitable venture for the long-term.” The company is also working on thin-film PV technologies. LG announced in July that it had achieved the world’s most efficient (11.1%) large-area (1.1m x 1.3m) thin-film cells. “LG is at the top of the industry in terms of large-area solar cell efficiency," said Cho. "We a

Taking note of the focus that investors and the solar industry in general were waiting to hear from the guidance given today by First Solar about its operational performance expectations for 2010, the thin film leader kicked off its investor meeting in New York by announcing a capacity expansion plan that includes the build-out of another eight production lines at its manufacturing hub in Kulim, Malaysia. Fiscal year 2010 net sales are projected to be $2.7 billion to $2.9 billion. Approximately US$365 million will be allocated to the two new production plants that each will have four manufacturing lines, with the new capacity starting to come online in the first half of 2011. This expansion is expected to increase First Solar's annual capacity by 424MW, assuming the third-quarter 2009 reported annual line run rate of 53MW. Interestingly, its previously announced 100MW-plus, two-line contract manufacturing plant to be built in France for EDF will not be started until the new expansi

With its CdTe thin film module capacity now above 1GW with the full ramp of its new production lines in Malaysia, First Solar says it has become the first PV manufacturer to reach a gigawatt of production in a single year. The company estimated that 1GW of production is equivalent to enough electricity to serve the needs of approximately 145,000 average U.S. homes and saves roughly 1 million metric tons of carbon dioxide emissions annually. "This proof that the solar industry can achieve the manufacturing scale necessary to fight climate change is especially timely in light of the Copenhagen conference that began last week," said Bruce Sohn, First Solar's president. "Our efforts in scaling our technology are critical to creating a more sustainable energy infrastructure and reducing greenhouse gas emissions." With its thin film production techniques and manufacturing scale, First Solar also has the lowest cost of manufacturing within the industry, reaching a cost

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The nation's top telecom regulator approved the planned merger of three telecom units of LG Group, Monday. But the Korea Communications Commission (KCC) plans to slash policy benefits as the local share by the single entity has already exceeded 13 percent ― the level which is regarded as one of a dominant market player, KCC said in a statement. "We gave the green light for the merger as it will benefit consumers and it is highly unlikely the merger will limit competition in the local telecom market," a KCC spokesman said. "As a result of the merger, the nation's three telecom players including SK Telecom and KT are expected to equally compete with their own fixed- and wireless-based products," the official added. LG Telecom, the nation's smallest mobile operator, will absorb fixed-line operator LG Dacom and Internet service provider LG Powercom by Jan. 1. The merger is aimed to enable LG's telecom units to compete more effectively with their larger d

The Clean Technology Fund (CTF) has given CSP development in the Middle East and North Africa regions a boost with the approval of financing of US$750 million, which will pave the way for an additional US$4.85 billion from other sources. The fund will provide investment in CSP programs for Algeria, Egypt, Jordan, Morocco, and Tunisia, with a planned 900MW of installed CSP plants by 2020. CTF, a multi-donor trust fund, is an organisation that invests in deployment of low-carbon technologies. The investment will facilitate: Deployment of about 1GW of CSP generation capacity; The support of associated transmission infrastructure in the Maghreb and Mashreq regions for domestic supply and exports, scaling up CSP in the region; Encouragement of public and private investments for CSP power plants. The investment will enable the construction of 11 commercial-scale power plants over a 3-5 year timeframe. “This is a most strategic and significant initiative for MENA countries,” said Shamshad Ak

The race for higher photovoltaic module efficiencies has heated up and reached a new milestone, with the news that REC and the Energy Research Center of the Netherlands (ECN) have produced the first multicrystalline-silicon solar panels to hit 17.0% aperture-area conversion efficiency. The previous world record of 16.53% was announced by Suntech in late September, a result that had topped ECN and its partners' record of 16.4%, which was achieved earlier in the year. The results of the champion module performance measurements, done under standard test conditions, were recently confirmed by the European Solar Test Installation (ESTI). The world record came as a result of the joint efforts of the Norwegian company and the research center. REC produced the high-quality multicrystalline solar wafers from its manufacturing lines in Norway; the wafers are characterized by very low levels of impurities and dislocation densities achieved by using the company's latest-generation wafer fu

As 2009 draws to an end, a new annual survey undertaken by Photon Magazine, based on a sample of 119 grid operators, as well as information from inverter manufacturers, puts the PV installations in Germany at between 3GW and 4GW for the year. The figure is much higher than Germany’s Federal Environment Ministry estimates as well as those from major system integrator Phoenix Solar , however inline with Photon Consulting’s most recent forecast of 3.85GW. Total installed PV power could reach the 10GW mark in Germany by the end of the year and could reach 2% of Germany’s electricity production in 2011. However, on a more controversial point Photon believes that the German feed-in tariff should actually be lowered more than is currently planned as production costs have fallen dramatically. This will result in the cost of solar being artificially higher than it needs to be and therefore potentially damage future adoption. “The high growth statistics are proof of the extent to which PV is un

A bullish projection from Solarbuzz points to the PV market growing 5% in 2009, reaching 6.37GW, which has been spurred by the significant increase in expected installations in Germany. The market research firm expects German installations to top 3.2GW in 2009, noting that the third quarter demand reached 980MW and is projected to rise to 1680MW in fourth quarter, resulting in an increase of 71.4%. "The continuation of uninterrupted PV market growth year on year hides huge changes in the distribution of country market demand in Europe. Policy adjustment in Spain removed 42% of the global PV market in the fourth quarter of 2008 and it took until the middle of 2009 for the powerful engine of the German market to replace that lost contribution, and to now exceed it," said Craig Stevens, President of Solarbuzz LLC. "This had the effect of massively realigning economics through the PV chain during the past year, while also setting enormous commercial challenges for companies

In a bid to join the leading global producers of polysilicon, South Korean chemical manufacturer OCI plans to restart construction on a new poly plant inside its existing facility in Gunsan in January. The company (the former DC Chemical) will invest 1 trillion Won (approximately $858.5 million) in its Phase 3 (P3) factory, which will have an annual manufacturing capacity of 10,000 metric tons when commercial production begins in 2011, bringing its total annual poly capability to 27,000 metric tons. OCI, the only company in Korea with its own Siemens process-based polysilicon manufacturing technology, has already built the 6500-metric-ton P1 plant (completed in December 2007) and the 10,500-metric-ton P2 expansion (completed in July 2009). When plans were announced in June 2008, P3 was originally scheduled for completion in December 2009, but its construction was postponed temporarily because of the poly oversupply and macroeconomic conditions, before getting the go-ahead from the comp

Despite the global recession and the particular impact this has had on the U.S. economy in 2009, GTM Research has forecasted record PV installations of 440MW this year, compared with 320MW in 2008. Significant growth is projected through 2012 with annual installed growth rates of 50%, reaching over 2GW of installations in 2012 alone. The market research firm expects ‘second-tier’ states will soon emerge to diversify the U.S. market out of California (50% of demand), leading to 50,000 new jobs and over US$6.1 billion in annual investments for the sector. “California will remain the largest PV market in the country, but downstream success is contingent on competing in the five to seven second-tier demand states that will emerge by 2012, each supporting over 40MW of annual demand,” noted Shayle Kann, Energy Analyst at GTM Research and co-author of the report. However, the market research firm warned that the complex mix of incentives and regulations that govern growth in these new state m

A new market report says that the PV industry’s first “Solar Cycle” has taken place in 2009, with end-market demand shrinking 14% compared to the previous year. DisplaySearch's "Q4’09 Quarterly PV Cell Capacity Database & Trends Report" states that the contraction was caused by changes in Spain’s incentive policy and was severely aggravated by the worldwide economic crisis and tight credit markets. The report goes on to note how excess manufacturing capacity has helped push down average PV system prices by more than 25%, but that these lower prices, diversification of the demand base, and positive incentive movement in multiple regions are expected to drive substantially higher demand in 2010. “Despite the long-term bright outlook for solar, 2009 demonstrated the industry’s cyclicality and that it is still highly dependent on incentives,” said Charles Annis, DisplaySearch's VP of manufacturing research. “During 2009 there has been nearly 60% oversupply in cell cap

Product Briefing Outline: BASF and Schmid have together developed a new, contact-free laser transfer printing (LTP) process for metallizing the front and back of solar cells. At present, it is mainly the screen printing process that is used for metallization. The printer and paste system now developed by BASF and Schmid is based on a contact-free laser process and not only offers customers advantages with regard to handling, but also increases the efficiency of cell production. Problem: There is a need to reduce cracking rates in ultra-thin solar cell production, while boosting performance and simplify handling. Solution: The LTP PV 1500 laser transfer printer was developed by the Schmid Group to completely replace the existing screen printing process. It can be used for coating both the backs of solar cells with aluminum and aluminum/silver and the fronts with silver. The system can be integrated into existing production lines and is suitable for all types and sizes of cells. There

Although site selection and other details such as costs and actual size of the plant have yet to be decided, Canadian Solar has announced plans to build a ~200MW module factory in Ontario, Canada, which could see ‘Phase 1’ in operational status by the end of 2010. The integrated PV manufacturer noted that Ontario’s attractive FiT (feed-in tariff) had shown considerable customer interest for ‘Made in Ontario’ solar systems. However, The FiT also stipulates that on larger PV installations 50% of the goods and labour need to have been sourced locally. This requirement will rise to 60% in 2011. this subsidy policy, Ontario's Project has begging Sep. 2009 by Onrario's local government in Canada, this is very strong subsidy program for all re-newable energy "Our new facility will help expand "green" skilled jobs and investment in Ontario as well as the rest of Canada," said Dr. Shawn Qu, Chairman and CEO of Canadian Solar (which is headquartered in Canada a

A fully integrated 1.2GW solar plant is to be built in the Omsk region in Western Siberia, Russia at an estimated cost of €1.6 billion (approx US$2.4 billion), which will include a 10,000MT monosilane/polysilicon plant as well as c-Si solar cell and module production plants. Russian company Silarus, a 100% subsidiary of Titan, a major chemicals company, will own and operate the new business. Lead project and technology partners for the project are Gebrüder Schmid and Schmid Silicon Technology (SST). EPC Engineering Consulting will also collaborate on the project. SST is currently building a proof of concept monosilane/polysilicon pilot plant near Dresden, Germany. The company will transfer the technology and know-how to silicon metal producer Silarus, according to Frank Tinnefeld, Director of Sales and New Business sectors at Schmid Group, in an interview with PV-Tech. Tinnefeld also noted that the formal contracts would be signed in the first quarter of 2010 and the plant built in pha

A model wearing shutter glasses watches a full HD 3D monitor panel developed by LG Display, Thursday. LG will roll out more 3D-enabled flat-screens at a time when major TV and PC makers are shifting their panel focus to 3D from the current 2D. / Courtesy of LG Display By Kim Yoo-chul, The Korea Times LG Display, the world's second-biggest producer of LCD panels, has started mass production of what the company claims is the world's first 3D full high-definition (HD) panel. "We've started shipping the panels to a global PC manufacturer," Claire Ohm, a company spokeswoman, said Thursday. The official, however, declined to give further specific financial details such as the deal volume or LG's next targets for the panels. LG said the new product was a 23-inch 3D monitor LCD panel for use with shutter glasses that delivers full HD resolution. The product offers picture quality that is almost twice as crisp as HD 3D displays currently available in the market. "

By Kim Yoo-chul Staff Reporter of The Korea Times Will LG Group join open bidding to buy a controlling stake in Hynix Semiconductor? Group officials and LG sources told The Korea Times that the group's earlier passive stance toward the controlling stake valued at some $3 billion has not yet changed. Months ago, LG Electronics CEO Nam Yong said that the group's electronics unit has no interest in running the chip business and added LG learned how to survive without memory chips. "The group's top decision makers have reached a broad consensus that more measures would be needed to nurture future growth engines. But that doesn't necessarily mean LG will participate in an auction next month," an LG representative said Wednesday. "We are now busy for a possible management reshuffle," he said. LG Group will conduct a management reshuffle sometime this month. Despite such internal views, market analysts consistently say LG could be the "right buyer"

30 November 2009 | By Mark Osborne As the dominant state for solar module installations, California is the most competitive region for companies marketing their solar modules in the U.S. Until now, SunPower with its network of distributors and project knowhow has been the leading module supplier in the state but things are starting to shift rapidly, and SunPower is in danger of losing the number-one slot. However, SunPower is not alone in losing market share; a growing list of other name brands are set to see lower share of the market in ’09 compared to last year. Quarterly figures from the California Solar Initiative (CSI) and part of the Go Solar California campaign that is overseen by the California Public Utilities Commission and highlighted in a new report from Barclays Capital analyst Vishal Shah reveal the volatility in market share positions on a quarterly basis. The first chart shows that SunPower has been the most consistent retainer of market share throughout the year, yet w

in China Market in USA Market

Sanyo announced that it has completed the third factory building (Building C) of the Nishikinohama factory in Kaizuka City, Osaka. Building C has an anticipated start date for the high-volume production of HIT solar cells for December 2010. The start date ultimately lies on the completion of the installation of production equipment and the necessary adjustments and tests for high-volume production. Building C will have the capability for an annual solar cell production of 135MW, enabling the Nishikinohama factory to increase its overall annual production capacity to 345MW – 1.6 times the current level. Additionally, the Shimane Sanyo factory, which already produces the HIT solar cells, will increase its annual product capacity to 220MW in April 2010. Together, the two factories will have a combined production capacity total of 565MW by the end of March 2011. For the company’s global market, Sanyo is planning to expand its module production volume based off the Japan-Europe-US trilatera

The economy is expected to grow 4.3 percent next year and the won-dollar rate will hover at around 1,100 won, the country's leading economic think tank said Thursday. The Samsung Economic Research Institute (SERI) predicted that the economy would mark 6-percent year-on-year growth in the first half of next year followed by a 2.9 percent increase in the second half. For the whole year, it will average 4.3 percent, 0.4 percentage points higher than the institute's earlier estimate in September. It is also higher than the government's outlook of 4 percent. SERI also raised its growth estimate for this year, to 0.2 percent from its previous forecast of a 0.8 percent contraction. ``The economy has been recovering quickly recently on the back of a recovery in the domestic market and of exports,'' the institute said. However, this will likely slow next year. ``As the global economic recovery slows, so will the country's exports and domestic consumption,'' the t

DuPont Apollo, a subsidiary of DuPont, has opened its silicon based thin-film PV module manufacturing facility. The 538,000-square-foot facility will have an annual capacity of up to 50MW with a thin-film-on-glass photovoltaic module production line. Full-scale commercial production is targeted for the first-quarter 2010. “The facility is unique because this is the first total solar energy solution provider in China. Under the ‘Shenzhen-Hong Kong Innovation Circle,’ we have combined our research and development capability with this state-of-the-art facility to support the continued growth of the photovoltaic market,” said Douglas W. Muzyka, president of DuPont Greater China.

NRG Energy, via its wholly owned subsidiary NRG Solar LLC has bought the yet to be completed solar power plant in Blythe, California, from First Solar. The 21MW project occupies approximately 200 acres of land and is expected to be completed by the end of the year and is claimed to be the first and largest utility-scale PV project in California. First Solar and NRG did not disclose financial terms, however, First Solar will provide operations and maintenance services at Blythe under a long-term contract with NRG. "First Solar is very pleased that the first of our utility-scale solar projects in California will be coming on line with a leading power producer like NRG," said Bruce Sohn, president of First Solar. "This clean, affordable, and sustainable energy will help California meet the goals of its Renewable Portfolio Standard." Electricity from the plant will be sold to Southern California Edison under a 20-year power purchase agreement. “Solar fields generate the

In reporting its third quarter financial results, LDK Solar noted that it had expanded solar wafer production capacity to 1.7GW and was currently operating at full capacity. Xiaofeng Peng, Chairman and CEO, noted that LDK had been awarded contracts totalling 2GW of solar installation projects across multiple provinces in China. As the company ramps its new module capacity it has also contracted with Best Solar for solar cell and module production. “In China, the momentum in the local solar industry has continued to be encouraging,” noted Peng. “We have been awarded initial contracts to develop PV power projects in buildings, plants and integration systems, totalling up to 2GW in various provinces. We will also co-operate with Best Solar on downstream PV projects, such as solar cell or module manufacturing, solar panel assembly or provision of certain solar utility services. LDK Solar also reported net sales for the third quarter of US$281.9 million, compared to US$228.3 million for the

Five of the leading Chinese crystalline-silicon solar cell and module manufacturers announced their quarterly financial results this week, and in a word, they were stellar, consistently beating market analysts’ estimates. Canadian Solar, China Sunergy, Solarfun, Suntech and Trina Solar all saw their shipments of photovoltaic cells and modules jump way up, in some cases even double, and as a result, sequential revenues also increased significantly. The companies see the growth trend continuing, into the fourth quarter and beyond, suggesting that 2010 will be a boom year—and pushing the Chinese group to continue or even accelerate their capacity expansion plans, as they increase the efficiencies and power of their products and bring down nonsilicon manufacturing costs. The most prodigious gainer in the quarter was Canadian Solar, followed by Trina Solar and Suntech. The not-very-Canadian company more than doubled its shipments, pushing past the century mark for the first time, and increa