Coal, Renewables, Solar, Wind

Hyundai Heavy signs $30m solar module order

15 October 2008 – Hyundai Heavy Industries Company (HHI) has announced an order to supply 7 MW-Class photovoltaic modules for approximately $30m to Italian company Albatech.

HHI is currently capable of producing 30 MW of solar cells and 70 MW of solar modules per year. The company will increase the factory’s capacity to a combined 330 MW by 2009. It will also manage a joint venture company with the Korean KCC Corporation that will produce Polysilicons, the raw material used to make solar cells and modules.

Albatech is the photovoltaic division of Meta System Group, which is based in Italy, the third largest European photovoltaic market, following Germany and Spain. The order will be delivered by April 2009.

HHI’s Electro Electric Division also provides a wide range of electrical equipment, including transformers, high-voltage circuit breakers, switchgears, motors, generators, integrated control & monitoring systems, marine electrical equipment, and renewable energy equipment such as wind turbine generators and photovoltaic cells and modules.