In a bid to strengthen its presence in the growing Korean solar power generation market, Hanhwa SolarOne will expand its domestic manufacturing capacity.
Hanwha SolarOne decided to build a 230MW photovoltaic module manufacturing facility in Eumseong, North Chungcheong Province. The 230MW photovoltaic modules can generate enough electricity on which the city of Gimpo in the west of Seoul can depend.
Hanhwa SolarOne aims to begin the operation from May 2015, by investing 13 billion won. With the facility, the company expects to gain annual sales of 140 billion won and more than 7 billion of operating profit.