Hanwha Solutions, the energy and petrochemicals arm of Hanwha Group, has proposed to spin off its Galleria department store chain, and to sell a portion of its Advanced Materials company, with most of the around $491 million in funds to be raised going to US solar manufacturing. As the proposal would have it, Hanwha’s five existing business divisions – Advanced Materials (including photovoltaic raw materials), Chemicals, Insight (South Korean solar project development), the Galleria department store chain, and Q Cells (the solar manufacturer and developer), would become three divisions, namely Solar Power, Chemicals and Insight. Of these the latter will focus on solar project development within South Korea itself. The Galleria and Insight divisions were only acquired in April 2021.…