Korean Chaebol Goes Solar
Reported by Photon International - October 2010
Hanwha Chemical became the prominent shareholder of Solarfun, the world 4th largest module manufacturer, by acquiring 49.99% of its stake, and the company plans to expand across the solar value chain. Hanwha is focusing on the polysilicon business as well as midstream and downstream activities. A Hanwha official shared that Hanwha’s goals include a 10% market share of module manufacturing and a 3% share of the global PV power plant market.