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Hanwha Group heir sees 13-fold jump in solar energy market share

[THE INVESTOR] Hanwha Group’s next-in-line Kim Dong-gwan, the sales managing director of key affiliate Hanwha Q CELLS said he expects renewable energy to account for 54 percent of the global energy market by 2040, with solar energy taking up 26 percent.

That would reflect a 13-fold jump from the current 2 percent market share.

Kim, the eldest son of group Chairman Kim Seung-youn also said that an integration between solar energy technology and energy storage system technology is expected to bring “fundamental changes” to our lives. 


Hanwha Group heir-apprent and Hanwha Q Cells chief strategy officer Kim Dong-gwan (right) and the company's CEO Kim Hee-cheul.
Hanwha Group heir-apprent and Hanwha Q Cells chief strategy officer Kim Dong-gwan (right) and the company's CEO Kim Hee-cheul.


“We will be the first generation to experience the energy revolution,” he said in a keynote speech at the 2016 Global Green Growth Week’s ministerial level meeting held in Jejudo on Sept. 7.

Kim said in the future, households would be able to use energy saved via energy storage systems, while energy prosumers, who will buy and sell energy they produce from various solar energy generators, will emerge.

By Kim Ji-hyun (jemmie@heraldcorp.com)

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