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Largest solar silicon ingot factory in Korea starts rolling

Posted: 30 Nov 2007 ?? ?Print Version ?Bookmark and Share

Keywords:solar energy? silicon ingot pulling factory? Korea? DaeDeok Techno Valley?

Woongjin Energy Corp. (WJE) is beginning operation of the largest solar silicon ingot pulling factory in Korea. The 46,200m? plant is located in the DaeDeok Techno Valley business park in DaeJeon City, Korea.

A joint venture between SunPower Corp. and Woongjin Holdings Co. Ltd, "Woongjin Energy is ready to apply its expertise to produce high quality silicon ingots for SunPower," said Hakdo Yoo, WJE president and CEO. "With our highly educated workforce, convenient materials transportation, and research and development infrastructure, Woongjin Energy is well positioned for a long and successful future in the solar business."

Polysilicon for this venture will be supplied primarily from DC Chemical, Korea's largest chemical company. Production is anticipated to grow at a rate consistent with increased polysilicon supply from DC Chemical.

All ingots produced at the factory are expected to be exported, with SunPower purchasing approximately $250 million of silicon ingots from the joint venture through a five-year supply agreement. SunPower has contributed equity capital and technology expertise, and is selling polysilicon to WJE as well as procuring silicon ingots from them.

"With the dedication of this factory, we have taken another meaningful step in expanding our supply portfolio," said PM Pai, SunPower COO. "We are pleased that construction on this factory was completed on time and that manufacturing has begun."

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