SoloPower, a U.S.-based specialist in ultrathin photovoltaic film, announced its first major step in building a technology platform in Korea, jointly with its local partner.
The solar energy company, which recently carried out large-scale corporate restructuring, pledged to add momentum to its partnership with CTI, a Korean green growth business entity.
Earlier this year, the two companies jointly established SoloPower Korea and set to building a manufacturing facility in Gwangju, with the aim to produce CIGS ― high-quality semiconductor material composed of copper, indium, gallium and selenium.
Due to its unique flexibility and light weight, the material may cover a variety of previously uncovered fields, from industrial rooftop solar panels to automotive and daily consumer applications, according to officials.
“In our plan to expand our manufacturing operations, Korea is to play a key role not only because of its strategic geographic location in the Asian region but also due to its potential in the future solar energy market,” said SoloPower president Rob Campbell.
