Contents
To enjoy renewed growth from 2012 ................................................................................ 3
Demand to explode from 2012 ............................................................................................. 4
Governments to shift renewable energy policies from FIT to RPS from 2012 ...................... 5
US solar farms to gain ground in 2012................................................................................. 8
US moving toward renewable sources of electrical power ................................................... 9
Solar power market to grow remarkably while avoiding supply shortage ........................... 10
Power shift in solar industry value chain ...................................................................... 12
Importance of thin-film technology lies in integrated supply chain ..................................... 12
Market segmentation to move value chain closer to end customers… .............................. 14
Increased raw-material price volatility aid value-chain shift downstream …....................... 15
Supply chain power shift underway… ................................................................................ 16
Potential for Korean solar energy firms......................................................................... 17
Solar energy technology similarity to Korea’s major industries .......................................... 17
Korea's green growth strategy ........................................................................................... 18
Three types of investment recommendations .................................................................... 20
Appendix.......................................................................................................................... 23
Pros and cons of solar energy............................................................................................ 23
Technology overview ......................................................................................................... 24
Trends in solar technology ................................................................................................. 27
Analysis of FIT policy by country........................................................................................ 29
Company
OCI.................................................................................................................................... 32
KCC................................................................................................................................... 38
Korea Iron & Steel.............................................................................................................. 44
Sodiff Advanced Materials.................................................................................................. 46
SKC................................................................................................................................... 48
Sebang Global Battery ....................................................................................................... 50
LS Industrial Systems ........................................................................................................ 55
Hyosung ............................................................................................................................. 58