LG Electronics is also moving one step ahead in the environmentally friendly field of Solar Energy. In 2008, the company proclaimed its charter, ‘Life’s good when it’s green’. LG plans to reduce greenhouse gases in product usage by 30 million tons yearly, and by 150,000 tons by the year 2020.
The company has strictly eliminated usage of harmful substances in its manufacturing processes and its efforts have been recognized by TUV Rheinland of Europe and UL of US. LG’s solar power business has also been launched on the basis of the environment-friendly leadership of LG Electronics.
The history of LG’s solar business can be traced back to the mid-1980’s, when the LG central research lab started R&D on solar technologies. In 2004, the LG business group created synergy and prepared for mass production by consolidating several solar research laboratories under the LG Electronics umbrella. Using decades of R&D experiences, LG Electronics broke ground on its first solar cell and module factory.
LG considers the solar power business not as a mere business expansion, but a new growth engine of the LG Group. Examples include the construction and operation of a 14MW scaled solar power plant in Taean, Korea in 2008 and the supply of wafers through Siltron, a subsidiary company.
