South Korea’s Hyundai Heavy Industries (HI) Green Energy is getting back into the Australian solar panel market having closed an exclusive deal with Queensland-based solar distribution company Supply Partners, valued at $70 million.
The company plans to employ “an aggressive growth strategy“ with focus on the rooftop solar market. Its offer will include a range of panels, such as a 300-watt monocrystalline panel for residential and 360-watt panel for commercial applications.
“Initially we will be focused on establishing the brand in the residential and commercial market, but we also look forward to exploring opportunities in large commercial, industrial and engineering, procurement and construction in the short to medium term,” said Rick Lee, Hyundai HI Green Energy Australia sales and marketing manager.
According to Lee, the company is now setting aggressive volume targets in the Australian market together with Supply Partners, which will be in charge of recruiting, training and supporting Hyundai solar installers in Australia.
After it had installed around 10 MW of solar modules, Hyundai HI Green Energy exited the Australian market in 2011.
Hyundai solar panels will be available in Australia by the end of June.