LG plans to triple its photo voltaic panel manufacturing by 2020

LG plans to triple its solar panel production by 2020

Whereas LG’s shopper electronics enterprise has been pumping out excessive-res TVs and different devices, its photo voltaic panel division has apparently been planning for its enlargement, as properly. The corporate has revealed that it is spending $435 million so as to add extra six extra manufacturing strains to its facility in Korea. By doing so, it hopes to extend its annual photo voltaic cell manufacturing from 1GW to 1.8GW by 2018 and finally to 3GW by 2020. LG says 3GW is equal to the yearly energy consumption of one million households, therefore the rise in its photo voltaic cell manufacturing might change the best way lots of people use electrical energy. “LG has been actively concerned within the photo voltaic power enterprise for 20 years,” firm president Lee Sang-bong stated, “and we consider that mainstream shoppers are greater than prepared to offer photo voltaic extra critical consideration.”

Supply: LG
On this article: inexperienced, korea, lg, science, solarpanel
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