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[Alpha Biz=(Chicago) Reporter Kim Jisun] Hanwha Solution is expected to invest about 4 trillion won to secure a U.S. polysilicon supply chain and have a value chain for its solar energy business in the North American market.
According to related industries on the 7th, Hanwha Q Cells Georgia, a U.S. solar subsidiary of Hanwha Solutions, recently signed a contract with Norwegian polysilicon manufacturer REC polysilicon to receive U.S. low-carbon polysilicon for the next 10 years. The total contract size is estimated at 3 billion dollars (about 4 trillion won).
Polysilicon produced at the REC silicon plant in Moses Lake, Washington, USA will be supplied. Polysilicon is a key ingredient in solar cells. The core value chain of the solar energy business usually leads to polysilicon-ingot-wafer-cell-module.
Hanwha Solution purchased an additional stake in REC Silicon last year and became the largest shareholder (21.34% stake). RECsilicon is capable of producing 16,000 tons of solar polysilicon in Moses Lake, Washington, and 2,000 tons of semiconductor polysilicon in Bute, Montana. In particular, the Moses Lake plant, which uses hydroelectric energy, can produce low-carbon polysilicon with reduced carbon emissions.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
