Sunny Smile with Hyundai

Hyundai SolarHyundai Solar

Business IntroductionBusiness Introduction

I. Company OverviewI. Company Overview

1. Hyundai at a Glance1. Hyundai at a Glance

Loca

tions

Loca

tions

in Ko

reain

Korea

Labo

r Forc

eLa

bor F

orce

Affili

ated

Affili

ated

Comp

anies

Comp

anies

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Over Over 45,00045,000employeesemployees

Founded Founded 19721972,,our vision is to our vision is to

become a become a “Global Leader”“Global Leader”

• Hyundai Mipo Dockyard• Hyundai Samho Heavy Industries• Hyundai Venture Investment• Hyundai Futures• Hyundai Corporation• Hyundai Oilbank

• Ulsan (HQ)• Seoul (Sales)• Pusan (Sales)• Daegu (Sales)• Gwangju (Sales)• Changwon (Sales)

2. Aerial View2. Aerial ViewI. Hyundai OverviewI. Hyundai Overview

Ulsan HQ View

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HQ located in Ulsan, Korea8.2M m² (2,000 Acres)

450 times size of football field

X 450

3. Business Divisions3. Business DivisionsI. Hyundai OverviewI. Hyundai Overview

Offshore & Offshore & EngineeringEngineering

Industrial Plant Industrial Plant

7 Business divisions – Green Energy Division provides clean energy for various applications.

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ShipbuildingShipbuilding Industrial Plant Industrial Plant & Engineering& Engineering

Engine & Engine & MachineryMachinery

Construction Construction EquipmentEquipment

Green Energy Green Energy Business DivisionBusiness Division-- Solar ModulesSolar Modules-- Solar SystemsSolar Systems-- Wind Power SystemsWind Power Systems

Electro Electric Electro Electric SystemsSystems

++

ShipbuildingShipbuilding Industrial Plant & EngineeringIndustrial Plant & EngineeringConstruction EquipmentConstruction Equipment• Containers, Submarines, Carriers, etc

• Wheel loaders, Excavators, Forklift Trucks

• Thermal/Co-generationPower Plants, CCPP, Processing Equipments

4. World Leading Products of HHI 4. World Leading Products of HHI I. Hyundai OverviewI. Hyundai Overview

World Top 5World Top 5World Leader in ShipbuildingWorld Leader in Shipbuilding

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Engine & MachineryEngine & Machinery Offshore & EngineeringOffshore & EngineeringElectro Electric SystemsElectro Electric Systems• Marine Diesel EnginesDiesel Power Plants & PPSIndustrial Robots

• Floating Units, FPSO,Fixed Platforms, OffshoreInstallations

• Transformers, Switchgears,Circuit Breakers, Solar/Wind Systems

World Leader in Marine World Leader in Marine Diesel EnginesDiesel Engines

World Leader in Marine World Leader in Marine GeneratorsGenerators

Others(Industrial

Equipments, etc)$7.3B

Annual Sales FigureAnnual Sales Figure

�� 2010: $19.7 Billion2010: $19.7 Billion

Fortune RatingsFortune Ratings

Shipbuilding$6.9B35%

5. Figures5. FiguresI. Hyundai OverviewI. Hyundai Overview

Sales Portion Between Division Groups

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$7.3B37%

* Figures Based on annual closing of 2010

�� Fortune Global 500 (2007Fortune Global 500 (2007--2010)2010)

Industrial Plant/Offshore$5.3B27%

Award WinnerAward Winner�� 77thth place in 2011 Korea’s Most Admired Companiesplace in 2011 Korea’s Most Admired Companies�� 2011 Frost & Sullivan Excellence Awards2011 Frost & Sullivan Excellence AwardsSouth Korea Solar Photovoltaic Company of the YearSouth Korea Solar Photovoltaic Company of the Year

6. Locations Worldwide6. Locations WorldwideI. Hyundai OverviewI. Hyundai Overview

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1. Business History1. Business HistoryII. Solar Business in HHIII. Solar Business in HHI

200720072006200620052005 20082008 20092009 2011201120102010

start!start! � Initial studies to establish Solar Business� 3kW model installed at Hyundai site

May, 1997May, 1997

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� 35MW modules

productionplanning

starts!

� First sales overseas

(Spain,12MW)

�TUV certified

� 30MW cell production

(preparations)

� Polysilicon J/V plant with

KCC

� Factory 1 Ground-breaking

Cell-30MWModule-70MW

� Factory 2 Ground-breaking

Cell-300MWModule-140MW

� Factory 3 Ground-breaking

Module-140MW

� CIGS J/V Hyundai-Avancis

� Inauguration of Green

Energy Division from Electro

Division

2. Solar Facilities2. Solar FacilitiesII. Solar Business in HHIII. Solar Business in HHI

(1) Poly silicon(1) Poly silicon

� Poly silicon plant by joint venture with KCC� Annual production capacity: 3,000 Ton

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II. Solar Business in HHIII. Solar Business in HHI

2. Solar Facilities2. Solar Facilities�� Automated Production facilities in KoreaAutomated Production facilities in Korea: : Eumseong

(2) Cell/Module(2) Cell/Module

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II. Solar Business in HHIII. Solar Business in HHI

2. Solar Facilities2. Solar Facilities (3) Field Test Facility(3) Field Test Facility� Generating capacity: 531KWp

• Module aging test• Inverter motion test• Generation test per racking• Web monitoring test

Tests performedTests performed

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• Tracking system (double axis)• Tracking system (single axis)• PV tower system• Fixed system • Monitoring system: 1 set

• Web monitoring test

EquipmentsEquipments

II. Solar Business in HHIII. Solar Business in HHI

3. Vertical Integration3. Vertical Integration

Process 4Process 4

Process 3Process 3

600 MW/yr600 MW/yr(planned)(planned)Solar SystemsSolar Systems

3,000 Ton/yr3,000 Ton/yrRaw Silicon

Ingot/Wafers

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Process 3Process 3

Process 2Process 2

Process 1Process 1

Vertically Integrated.Vertically Integrated.From PolyFrom Poly--silicon to Solar Power Plantsilicon to Solar Power Plant

600 MW/yr600 MW/yr

600 MW/yr600 MW/yrSolar Cells

Solar Modules

II. Solar Business in HHIII. Solar Business in HHI

4. Production Capacity Outlook4. Production Capacity Outlook

510MW2010Cell 370MWModule 510MWPoly-silicon 3,000 ton

30MW

2005: Start-OffModule 20MW2007

Module 30MW20MW

2015Total Capacity 5GW

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600MW

2012Cell & Module 1GWCIGS Thin Film(100MW)

2011Cell 600MW Module 600MW

Total Capacity 5GW

1GW100MW

5GW

i5 SeriesOur most popular product line.

Solar Cell Type Nominal power6” mono-crystalline (6×10) 235~250W6” multi-crystalline (6×10) 223~238W

III. Product InformationIII. Product Information

1. Solar Modules1. Solar Modules

MG-Series (60 cells)

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MF-Series (54 cells)6” multi-crystalline (6×10) 223~238W6” mono-crystalline (6×9) 213~228W6” multi-crystalline (6×9) 200~215W

MG-Series (60 cells)

Solar Cell Type Nominal power6” mono-crystalline (6×12) 280~295W6” multi-crystalline (6×12) 275~290WMI-Series (72 cells)

Solar Cell Type Nominal power6” mono-crystalline (6×10) 197~215W6” multi-crystalline (6×10) 194~212W

III. Product InformationIII. Product Information

1. Solar Modules1. Solar Modules

SG-Series (60 cells)

i5 SeriesOur most popular product line.

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SF-Series (54 cells)6” multi-crystalline (6×10) 194~212W6” mono-crystalline (6×9) 218~236W6” multi-crystalline (6×9) 215~233W

SG-Series (60 cells)

Black-Series (54 cells)

Solar Cell Type Nominal power6” mono-crystalline (6×10) 238~243W6” multi-crystalline (6×10) 223~235W6” mono-crystalline (6×9) 213~218W6” multi-crystalline (6×9) 200~210W

Black-Series (60 cells)

1. Without Transformer Type1. Without Transformer TypeHigh efficient output Compact designFor housing, commercial systems and solar power plantsReal time remote and local data monitoring

III. Product InformationIII. Product Information

2. Solar Inverters2. Solar Inverters

Type Output MPPT range Nominal AC voltage RemarkHPC-003SL-K 3 KW 250~600Vdc 1Ø, 220V, 60Hz DomesticHPC-004SL 4 KW 100~380Vdc 1Ø, 202V, 50/60Hz JapanHPC-100HL 100 kW 450~820Vdc 3Ø, 290V, 50/60HzHPC-100HL 125 kW 450~820Vdc 3Ø, 290V, 50/60HzHPC-250HL 250 kW 450~820Vdc 3Ø, 275V, 50/60Hz

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2. With Transformer Type2. With Transformer TypeLow output noise and increased safety using internal TRFor commercial systems and solar power plantsReal time remote and local data monitoring

Type Output MPPT range Nominal AC voltage RemarkHPC-012HT 12.5kW 320~600Vdc 3Ø, 380V, 50/60HzHPC-030HT 30 kW 300~600Vdc 3Ø, 380V, 50/60HzHPC-050HT 50 kW 250~600Vdc 3Ø, 380V, 50/60HzHPC-100HT 100 kW 250~600Vdc 3Ø, 380V, 50/60HzHPC-250HT 250 kW 450~820Vdc 3Ø, 380V, 50/60Hz

HPC-250HL 250 kW 450~820Vdc 3Ø, 275V, 50/60HzHPC-500HL 500 kW 450~820Vdc 3Ø, 275V, 50/60Hz

II. Solar Business in HHIII. Solar Business in HHI

3. Thin Film Business(CIGS)3. Thin Film Business(CIGS)PicturePictureAlbumAlbumPicturePictureAlbumAlbum

aerial view

OverviewOverviewOverviewOverview

HyundaiHyundai--AvancisAvancis

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HyundaiHyundai--AvancisAvancisJoint venture company between Hyundai and Saint

Gobain to manufacture CIGS thin film modules(‘10.12)

100MW in 2012

CapacityProduction in

November, 2012

Schedule

Ochang, Korea

Location

ground breaking ceremony (‘11.4.15)

sample Dr. Min

Combining the Expertise…Combining the Expertise…4. Solar Systems4. Solar SystemsII. Solar Business in HHIII. Solar Business in HHI

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System Experience and Knowledge

IndustrialPlant

Division

Division dedicated to Green Energy

ElectroElectricDivision

Products and Knowledge for System Usage

GreenEnergyDivision

•Solar Modules•Solar Inverters•Solar Systems

•Thermal/Co-Generation Power Plants•Engineering & Construction•O&M

•Transformers•Switchgear•GIS

ProjectProjectDevelopment Engineering Procurement

Identification PurchaseElectrical DesignCivil EngineeringEngineering AnalysisAssembly DrawingsDesign Automation

InspectionExpediteLogistics

Project PlanningProject AuthorizationProject Design

4. Solar Systems4. Solar SystemsII. Solar Business in HHIII. Solar Business in HHI

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Design Automation Logistics

Construction Commissioning After-Sales Service

Site survey

Technical Educationfor Operator

5 years for product defectSite Mobilization

Electric ConstructionCivil ConstructionPower Transmission

Project Design

12 years for 90% Min. power output25 years for 80% Min. power output

Ensure the system to meet client`s requirement

Power PlantsTransformers

Primary SubstationsGas Insulated Switchgear

Secondary SubstationsSwitchgear

Low & Medium Voltage Circuit Breakers

Cast ResinTransformer

5. Solar Systems 5. Solar Systems –– Product PortfolioProduct Portfolio

II. Solar Business in HHIII. Solar Business in HHI

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Integrated Control & Monitoring Systems

Renewable EnergyInverters

Why Hyundai?Why Hyundai?

Who’s there for your warranty after 25 years?Who’s there for your warranty after 25 years?

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Why Hyundai?Why Hyundai?

Remember Aesop’s ‘Bundle of Sticks’?Remember Aesop’s ‘Bundle of Sticks’?

PVPVPVPVPVPVPVPV

ENGINEERINGENGINEERINGENGINEERINGENGINEERINGENGINEERINGENGINEERINGENGINEERINGENGINEERING

INDUSTRIAL INDUSTRIAL INDUSTRIAL INDUSTRIAL INDUSTRIAL INDUSTRIAL INDUSTRIAL INDUSTRIAL

PLANTPLANTPLANTPLANTPLANTPLANTPLANTPLANT

PVPVPVPVPVPVPVPV

A Strong Portfolio Gives Strength.A Strong Portfolio Gives Strength.

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RISKY, VOLATILERISKY, VOLATILEsolar companiessolar companies

STRONG & STABLE STRONG & STABLE HyundaiHyundai

ELECTROELECTROELECTROELECTROELECTROELECTROELECTROELECTRO EQUIPMENTSEQUIPMENTSEQUIPMENTSEQUIPMENTSEQUIPMENTSEQUIPMENTSEQUIPMENTSEQUIPMENTS

PVPVPVPVPVPVPVPV

SPAINSPAIN ITALYITALY CZECHCZECH KOREAKOREA

Approved by Financing Banks WorldwideApproved by Financing Banks Worldwide

BAWAG,BAWAG,Ceska Sporitelna,Ceska Sporitelna,CSOB,CSOB,KBKB

Banesto, Banesto, Caja Madrid, Caja Madrid, Deutsche BankDeutsche BankDexia, Dexia, La Caixa,La Caixa,RBSRBS

Why Hyundai?Why Hyundai?

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GERMANYGERMANY SPAINSPAIN ITALYITALY CZECHCZECHREPUBLICREPUBLIC KOREAKOREA

Deutsche Kredit Bank (DKB)Deutsche Kredit Bank (DKB)GLS BankGLS BankSachsen BankSachsen BankSparkasseSparkasseUmweltbankUmweltbankVolksVolks--und Raiffeisenbankund Raiffeisenbank

Banca Intesa Sanpaolo, Banca Intesa Sanpaolo, UBI Leasing, UBI Leasing, Intesa Mediocredito,Intesa Mediocredito,UnicreditUnicredit LeasingLeasing

Kukmin Bank, Kukmin Bank, Mirae Asset, Mirae Asset, Shinhan Bank,Shinhan Bank,Woori Bank Woori Bank

Why Hyundai?Why Hyundai?

Why do you suffer from power loss?Why do you suffer from power loss?

Are you using modules that actually have positive tolerance?

Are the cells crackedcells cracked?hot spots?hot spots?

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Are there hot spots?hot spots?Any diode defects?diode defects?What about bubbles?bubbles?

Why Hyundai?Why Hyundai?

Positive Tolerance? Positive Tolerance? –– are they really…?are they really…?

Test Results from Brand A (18 ea of 210W Module)Test Results from Brand A (18 ea of 210W Module)

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Why Hyundai?Why Hyundai?

Positive Tolerance? Positive Tolerance? –– Count on us!Count on us!

Test Results from our brand (30 ea of 197W Module)Test Results from our brand (30 ea of 197W Module)This is what an This is what an actual actual

‘Positive Tolerance’ ‘Positive Tolerance’ looks like!looks like!

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Why Hyundai?Why Hyundai?

Cell Cracks? Cell Cracks? –– What they look likeWhat they look like

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Image to the naked eyeImage to the naked eye EL imageEL image Thermal camera imageThermal camera image

CELL CRACKSCELL CRACKS

We Control Wafer/Cell/Module Cracks.

Lay-up

EL for pre-laminated

Electroluminescence Inspection System• Wafer Crack Control : PL(Photoluminescence)• Cell Crack Control : EL• Module Crack Control : ELx2

Why Hyundai?Why Hyundai?

Cell Cracks? Cell Cracks? –– No Worries!No Worries!

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laminated module

Lamination

EL for framed module

Assembly (junction box )

Two steps of Two steps of EL EL

Inspections Inspections

One more during One more during CellCell

Manufacturing!Manufacturing!

Why Hyundai?Why Hyundai?

Hot Spots? Hot Spots? –– What they look likeWhat they look like

These are what your ordinary These are what your ordinary modules may have.modules may have.

Image to the naked eyeImage to the naked eye

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Image to the naked eyeImage to the naked eye

Thermal camera imageThermal camera image

HOT SPOT-FREE

Products

Eliminating Cause Factors of Hot Spots for Long Lasting High Performance Products

Hyundai Competitors Competitors(Short Circuit)

• Higher quality criteria• Improved zigzag pattern

Why Hyundai?Why Hyundai?

Hot Spots? Hot Spots? –– No Worries!No Worries!

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Short Circuit Controls• Improved zigzag pattern

Rshunt Controls• Cells over 100ohm accepted

Bubble Free• Prevents oxygen that block output•Hyundai’s unique Bubble Free Test

Product Product Quality Quality System System

Prequalified Prequalified byby

• Major utilities in Europe & USA

Quality AssuranceQuality AssuranceWhy Hyundai?Why Hyundai?

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Plus TolerancePlus Tolerance

Product Product CertificationCertification

System System CertificationCertification

• UL Listed• IEC 61215 (Ed. 2)/IEC 61730(CE)• J-PEC/JET(Japan)• MCS(UK)• CSTB(France)• PV Cycle• Ammonia- resistance test• Salt-resistance test

• Quality: ISO 9001(DNV)• Environmental: ISO 14001(DNV)

•+3/-0% of Power Tolerance guaranteed(Actual quality control results)

• (industry standard: ± 3% ~ ± 5%)

Control, Control, and Control!Control, Control, and Control!

Module

CellControl

• Only the top chosen ones survive• EL Inspection System

• Only the top chosen ones survive• EL Inspection System• Thermal Imaging

Why Hyundai?Why Hyundai?

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Poly Control

ModuleControl

Hyundai Solar’s Quality Management System-From Polysilicon to Module

• Surface impurities control

WaferControl

• Controls physical/electrical traits that can affect production

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Our Green ActivitiesOur Green Activities

Habitat Donation for people Habitat Donation for people in need(2011.04)in need(2011.04)

CNN Broadcast “Hyundai Heavy CNN Broadcast “Hyundai Heavy Explores Solar Energy”(2010.11)Explores Solar Energy”(2010.11)

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in need(2011.04)in need(2011.04)

2011 Frost & Sullivan Excellence Awards2011 Frost & Sullivan Excellence Awards“South Korea Solar Photovoltaic “South Korea Solar Photovoltaic Company of the Year”(2011.7)Company of the Year”(2011.7)

Asan Foundation for the Asan Foundation for the society’s social welfare(2011.8)society’s social welfare(2011.8)

Target CustomersTarget Customers

Core

- Long Term Partners- Knowledgeable

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- Customer-oriented- Dedicated to Green Energy

That is You !!

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For more information

Contact us atTel: +82-2-746-7589E-mail: hyundaisolar@hhi.co.krOr visit our websitewww.hyundaisolar.com