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South Korea's Hanwha challenges China's solar kings by looking West

$842m French acquisition gives company foothold in high-growth European market

A solar farm in Germany. Hanwha jumped into solar in 2012 with the acquisition of German panel maker Q Cells. (Photo courtesy of Hanwha)

SEOUL/TOKYO -- South Korea's Hanwha Group is delving deeper into the solar business, seeing an opening as Europe and the U.S. try to steer clear of the Chinese panel makers that now lead the market.

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