Hong Kong’s Second Solana ETF Launches With Lower Fees 
RBA Signals More Rate Hikes as Inflation Risks Rise 
South Korea Blocks 27 Crypto Exchange Websites in Regulatory Crackdown 
US Dollar Near 18-Month High Ahead of Inflation Data 
Airbus Tests Valkyrie Combat Drone in Europe for Eurofighter Integration 
US Stock Futures Rise as Oil Prices Fall Ahead of Q3 Earnings 
Orsted to Take Full Ownership of UK Offshore Wind Farm for £15 Million 
S&P 500 Rally Masks Losses for Over 40% of Stocks in 2026 
Coinbase CEO Backs SEC Accredited Investor Reform 
Morgan Stanley Predicts $10 Trillion RWA Market by 2030 
Wall Street Ends Mixed as Investors Await CPI and Bank Earnings 
Visa Wins China Approval to Prepare Domestic Payments Expansion 
Gold Prices Rebound as Dollar Weakens Ahead of US Inflation Data 
Moonshot AI Executives Seek Settlement Ahead of Hong Kong IPO 
European Auto Stocks Rise as EU-China Trade Deal Targets Hybrid Imports 
IMF, World Bank Meetings Face Global Economic Risks Amid Iran War 
Ethereum Foundation-Linked Wallets Move $11.13M in ETH to Kraken 
Add as a preferred source on Google
Hanwha Solutions Corporation is spending more than KRW760 billion or about $549.6 million for its solar energy unit. This will be the company's latest investment as one of the key energy units of the Hanhwa Group.
Hanwha Solutions revealed its plan to invest on Wednesday, Sept. 7. The company shared that the funds will be used to bolster the production capacity of its domestic solar panel materials in South Korea. Increasing the capacity is also part of its push to expand into the renewable energy trade.
According to Yonhap News Agency, the energy and petrochemical firm's investment announcement happened shortly after the Hanwha Group tapped Kim Dong Kwan to lead the key affiliates of the company, including Hanhwa Solutions. He is Hanhwa's current vice chairman, who is also the heir apparent to the conglomerate.
The request is being viewed as a move to hasten the leadership transfer in the firm. In any case, Hanhwa Solutions is also forming a joint venture with GS Energy for its solar energy materials business plans.
Together with the energy unit of the GS Group, Hanhwa will build a production factory inside an industrial complex in Yeosu, South Jeolla. The plant is expected to produce solar ethylene vinyl acetate (EVA) sheets.
In the joint venture, Hanwha Solutions and GS Energy are investing a combined amount of KRW590 billion, and the companies named the JV, H&G Chemical. The former owns a 51% stake, while the latter owns the rest. Starting September 2025, the newly-built plant is aiming to make 300,000 tons of EVA every year.
The joint venture will effectively push Hanwha Solution's annual EVA production capacity to 920,000 tons and become the biggest EVA sheet producer in the world. As for the work distribution, GS Energy will be in charge of feedstock procurement, while Hanwha will provide its technologies and operation capabilities for successful operation.
Solar EVA sheets are core materials used for making solar panels and are known to improve durability and boost the performance of the product. This material also makes solar cells float between the glass and the back sheet panel to safeguard against shocks or vibrations, as per Korea Joongang Daily.
