SHANGHAI, Jan. 31, 2011 /PRNewswire/ -- Hanwha SolarOne
Co., Ltd. (f/k/a Solarfun Power Holdings Co., Ltd., or "Hanwha
SolarOne" or the "Company") (Nasdaq: SOLF), a vertically integrated
manufacturer of silicon ingots, wafers and photovoltaic ("PV")
cells and modules in China, today
announced that it has signed an agreement with an MEMC Electronic
Materials subsidiary to supply 54 MW of PV modules to its SunEdison
affiliate in 2011 for use in its solar power plant projects.
The agreement also includes an option for an additional 30 MW
in 2011.
Dr. Peter Xie, President of
Hanwha SolarOne, commented, "We are pleased that MEMC has again
selected us as a supplier of PV modules for SunEdison projects. We
first started delivering modules to SunEdison in 2010, and this new
order marks a significant expansion in our relationship.
SunEdison is a leading player in the global market and we are
especially excited to be in close collaboration with such an
established name on a high volume basis."
Bruce Ludemann, Vice President
and General Manager of Hanwha SolarOne, North America, added, "The North American
market is key to our long term success and SunEdison has helped us
establish a respected presence in the U.S. and Canadian
markets. We expect to build on our successes in 2010 and
continue to be a key supplier and partner to SunEdison for many
years to come. As a result of this project and others in our
pipeline, we expect shipments to North
America in 2011 to exceed 100 MW, which would double our
volume from 2010."
SAFE HARBOR STATEMENT
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
and as defined in the U.S. Private Securities Litigation Reform Act
of 1995. Forward-looking statements involve inherent risks and
uncertainties and actual results may differ materially from such
estimates depending on future events and other changes in business
climate and market conditions. Hanwha SolarOne disclaims any
obligation to update or correct any forward-looking statements.
About Hanwha SolarOne
Hanwha SolarOne Co., Ltd., f/k/a Solarfun Power Holdings Co.,
Ltd. (Nasdaq: SOLF) is a vertically integrated manufacturer of
silicon ingots, wafers, PV cells and modules. Hanwha SolarOne
offers high-quality, reliable products and services at competitive
prices. Partnering with third party distributors, OEM
manufacturers, and system integrators, Hanwha SolarOne serves the
utility, commercial/government, and residential markets. The
company maintains a strong worldwide presence with employees
located throughout Europe,
North America, and Asia and embraces environmental responsibility
and sustainability with an active role in the voluntary
photovoltaic recycling program. The Company benefits from its
strategic partnership with its largest shareholder Hanwha Group who
is active in solar project development and financing and plans to
produce polysilicon in the future. For more information visit:
www.hanwha-solarone.com.
SOLF-G
For further information, please
contact:
|
|
|
|
|
|
|
Investor Contact:
|
|
|
|
Paul Combs
|
|
|
|
V.P. Strategic
Planning
|
|
|
|
Building 1, 18th
Floor
|
|
|
|
1199 Minsheng Road, Shanghai,
PRC 200135
|
|
|
|
P. R. China
|
|
|
|
Tel: 86-21-3852 1533 /
Mobile: 86 138 1612 2768
|
|
|
|
E-mail:
paul.combs@hanwha-solarone.com
|
|
|
|
|
|
|
Christensen
|
|
|
|
|
|
|
|
Kathy Li
|
|
|
|
Tel: +1 480 614
3036
|
|
|
|
E-mail:
kli@ChristensenIR.com
|
|
|
|
|
|
|
|
Tip Fleming
|
|
|
|
Tel: + 852 9212
0684
|
|
|
|
E-mail:
tfleming@ChristensenIR.com
|
|
|
|
|
|
SOURCE Hanwha SolarOne Co., Ltd.