Hanwha SolarOne Completes Supply Contracts Totaling 50 MW
Hanwha SolarOne has announced it has supplied modules for two projects with an aggregate capacity of 50 MW to one of China's largest state-owned power companies, China Huaneng Group. The modules were delivered to two separate utility-scale installations: (i) an approximately 30 MW in Qingtongxia, a city in the Ningxia Hui Autonomous Region (NHAR) and (ii) a 20 MW project in Wuchuan, Inner Mongolia Autonomous Region.
Mr. Jay SEO, Chief Financial Officer of Hanwha SolarOne and head of Hanwha SolarOne's downstream business commented, "We are pleased to have established our relationship with China Huaneng Group, one of China's largest state-owned power companies and look forward to a growing relationship on other projects in the future." Mr. SEO added, "China is driving the development of PV solar projects throughout the country with new incentives and we are pleased to play a meaningful role in the country's efforts to expand solar power." Mr. SEO concluded by noting "the company has growing momentum in the China market including module supply, EPC projects, a new strategic partnership