February 9, 2008 (BusinessWeek) – SolarWorld AG is planning to invest EUR 60 million in the construction of a factory for solar modules in South Korea. The site will initially have a capacity of 120MW, twice as high as the figure planned in October. The factory’s capacity will then be doubled at a later date. Solarworld is planning this project together with Solarpark Engineering, its South Korean joint venture partner. This is the companies’ first site for the production of solar modules in Asia. The new factory is to become operational at the beginning of 2009.