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Shinsung E&G switches Kimje plant to mass production of high-output solar modules

Shinsung E&G said on Monday it held a launch event for a new production line at its Kimje plant in North Jeolla and formalised a shift to mass production of high-output solar modules through line upgrades. The company said the move follows its May strategy to overhaul its solar business portfolio around high output, high efficiency and low carbon. It described the upgrade as a qualitative transformation rather than a simple expansion.

Industry

Shinsung E&G posts 3.1 billion won Q2 operating profit, returns to black

Shinsung E&G said on Thursday it posted a second-quarter consolidated operating profit of 3.1 billion won on revenue of 201.8 billion won, returning to profit from an operating loss a quarter earlier. Revenue rose 44.2 percent from a year earlier. Operating profit fell 8.8 percent from a year earlier, and the net loss narrowed to 2.2 billion won. First-half operating profit was 800 million won on revenue of 355.4 billion won.

Industry

Shinsung E&G undertakes three national projects in offshore, recycling and low-temperature processes

Solar company Shinsung E&G began work on a 12.9 billion won national project on durable offshore-environment solar modules, aiming to move early in the floating solar market. The 36-month project runs from April 2026 to March 2029 with 9.0 billion won in government funding and about 3.9 billion won in private contributions. Shinsung E&G is also carrying out national tasks on RFID-based AI lifecycle history management for module recycling and low-temperature processes for perovskite tandem crystalline cell modules.