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LG Display to Invest in Thin-Film Solar Cell Business as Future Growth Driver

Nikkei Electronics Asia, Jun 17, 2009
Source: TechOn

LG Display Co Ltd has announced plans to focus its R&D capabilities on a thin-film type solar cell and nurture it as a future growth driver. With an investment of 50 billion won, the company plans to build a pilot line within its Paju display complex in Korea later this year and build an outdoor test power generation facility.

Further, the company aims to raise the current energy conversion efficiency rate of 8% to 12% by 2010, and eventually achieve efficiency rate of 14% in 2012 to prepare for commercialization. It also plans to secure sufficient commercial value by lowering the manufacturing cost to less than US$1/W.   In addition, LG Display targets the market for cells used in photovoltaic power generation, buildings and public displays during the initial stages of commercialization. The company’s 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.