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LG Display to Grow its Thin-Film Solar Cell Business
Jun 18, 2009
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LG Display Co., Ltd. announced plans to focus its R&D capabilities on a thin-film type solar cell and nurture it as a future growth driver.

LG Display plans to invest KRW50 billion into R&D to build a pilot line within its Paju display complex in Korea during the second half of 2009 and build an outdoor test power generation facility.

It's also looking to raise the current energy conversion efficiency rate of 8% to 12% by 2010, and eventually achieve an efficiency rate of 14% in 2012 to prepare for commercialization. It plans to secure sufficient commercial value by lowering the manufacturing cost to less than US$1 per watt.

In addition, long-term blueprint includes expansion into solar cells for mobile displays and automobiles, as well as solar cells for extreme environments such as offshore photovoltaic power generation stations.

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