Hanwha SolarOne bags 50-MW module order for Chinese projects
Aug 12, 2014 - Chinese photovoltaics (PV) maker Hanwha SolarOne Co Ltd (NASDAQ:HSOL) said today it will ship 50 MW of its modules for solar projects in the Inner Mongolia region.
The contract was awarded by thermoelectricity cogeneration company Baotou Shansheng New Energy Co Ltd, which is fully-owned by Inner Mongolia Shanlu Energy Group Co Ltd. The modules will be used at ground-mounted projects located in Hohhot and Baotou.
Deliveries under the order have already begun and are expected to be finalised by mid-September.
China's central energy authority has just set a goal of 13 GW for 2014 solar capacity additions in the country. Earlier in August, Xinhua news agency cited the head of the National Energy Administration (NEA), Wu Xinxiong, as saying that distributed PV schemes will be top priority in this year's plan.
“We are seeing a meaningful surge in business opportunities beginning in the third quarter and are increasingly optimistic that market demand in China will be robust throughout the remainder of this year,” Hanwha SolarOne’s CFO, Jay SEO, commented in a statement.