Hanwha Solutions\' Qcells division is expanding its high-efficiency solar cell technology from terrestrial use into the space market. The company said on Tuesday it signed a contract with Hanwha Systems to develop high-efficiency solar cell and panel technology for satellites. Under the deal, Hanwha Systems will invest 30 billion won over 2.5 years from 2026 to 2028 to develop tandem solar cells for satellites, while Qcells will lead core research and development.

Hanwha Solution’s Qcells unit said on Sunday it signed a contract with U.S. renewable energy developer Zelestra Energy to supply solar modules and provide engineering, procurement and construction for a 200-megawatt solar power plant in Gibson County, Indiana. It will supply about 320,000 modules. Power produced after completion, expected by the end of 2027, will be used by Meta under a power purchase agreement.