South Korea-Based Hanwha Chemical Approves Spire's Turnkey Solar Cell Manufacturing Line

Spire Corporation (Nasdaq: SPIR), a global solar company providing capital equipment and turnkey lines to manufacture photovoltaic (PV) cells and modules, announced its 30MW per year turnkey solar cell line has been accepted by Hanwha Chemical Corporation Ltd. of South Korea (Hanwha). The line exceeded both its efficiency and throughput specifications producing 15.8% efficient multi-crystalline silicon solar cells at the rate of more than 34MW per year.

“We are very pleased with the performance of this solar cell line. Since Hanwha put their confidence in Spire, it was important for us to deliver a line that exceeded specifications. This is Hanwha’s debut to the solar cell market and this line makes them very competitive,” said Roger G. Little, Chairman and CEO of Spire Corporation. “Spire has been providing turnkey PV lines for over twenty years and is known principally for its module lines; the success of this line continues to demonstrate our ability to provide state-of-the-art cell lines as well.”

“We knew Spire represented the best choice as a partner for this turnkey solar cell factory,” said a senior official of Hanwha about the commissioning of their new Spire-supplied cell line. “Their process technology and proven ability to deliver made them the company to work with. We have not been disappointed.”