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Industry

Solar cell domestic production tax credit pushed; Hanwha Solutions says no effect without direct pay

South Korea\'s solar industry is urging the government to add direct pay to a planned domestic production tax credit, saying loss-making companies cannot benefit without a refund mechanism. Hanwha Solutions said the domestic solar cell manufacturing base is disappearing, with local cell market share falling sharply since 2021. The government plan caps credits and does not include direct pay or transferability. The company said direct pay is needed due to high upfront and operating costs at cell plants.

Industry

U.S. to impose 15 percent tariff on polysilicon, key material for chips and solar

The United States will introduce minimum import prices and a 15 percent tariff on polysilicon, a key input for semiconductors and solar panels, to curb China-led supply chains and bolster domestic manufacturing. Minimum prices will apply to polysilicon, ingots, wafers, solar cells and modules, with the measures due to take effect on Dec. 4. The White House also allows the Commerce Department to create incentives supporting investment in U.S. production facilities.

Industry

Hanwha Solutions Qcells moves to secure space solar technology

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.