Hanwha SolarOne, provider of high-quality, cost competitive solar
photovoltaic modules, today announced that it has completed a 6.2 MW
delivery of its high quality 72-cell solar modules (HSL72) to a
consortium of the Spain-based companies Cobra and Gransolar. The modules
will be installed in a new solar park in Rio Hondo, Las Cruces,
Both Gransolar and Cobra specialize in the development, construction,
operation and maintenance of renewable energy plants. Last year, Cobra,
Gransolar and South African company Kensani installed a total of 155 MW
Hanwha SolarOne PV modules in the Letsatsi and Lesedi solar parks in
South Africa. The projects are expected to be connected to the grid in
the first half of 2014.
"We are very pleased to accompany our long-term customers into new
regions," said Ramon Petanas, Director Sales Iberia of Hanwha SolarOne.
"Latin America is an area with high potential for solar power. Together
with highly experienced EPCs such as Gransolar and Cobra, we hope to
contribute to the accelerated deployment of solar installations in
Maengyoon Kim, Managing Director of Hanwha SolarOne GmbH commented, "We
see many opportunities in Latin America, and our company is taking the
necessary steps to strengthen our presence in the region. In addition to
serving EU-based customers active in Latin America from our European
offices, the Hanwha Group's global sales network provides local
representation in the region."
Recently, Hanwha SolarOne received the Inmetro certification for its HSL
module series, a prerequisite for solar modules imports to Brazil.
About Hanwha SolarOne
Hanwha SolarOne Co., Ltd. (NASDAQ: HSOL) is one of the top 10
photovoltaic module manufacturers in the world, providing
cost-competitive, high quality PV modules. It is a flagship company of
Hanwha Group, one of the largest business enterprises in South Korea.
Hanwa SolarOne serves the utility, commercial, government and
residential markets through a growing network of third-party
distributors, OEM manufacturers and system integrators. The company
maintains a strong presence worldwide, with a global business network
spanning Europe, North America, Asia, South America, Africa and the
Middle East. As a responsible company committed to sustainability,
Hanwha SolarOne is an active member of the PV Cycle take-back and
recycling program. For more information, please visit: www.hanwha-solarone.com.
Gransolar is an international Spanish company, working in Europe, Africa
and America, specialized in development, engineering, supply,
construction and operation of solar photovoltaic plants, with more than
250 MW completed. For more information, please visit: www.gransolar.com.
Cobra has more than sixty years of experience as a leader in the
industrial service sector and all fields of applied engineering, from
development and construction of new projects to maintenance of
industrial and energy infrastructures. The company is a leader in:
Energy and water distribution networks, Telecommunication systems,
Railways installations, Industrial systems and Energy projects. With its
headquarters in Madrid Cobra draws upon an extensive network of 200
offices in Spain and 60 abroad, employing more than 20,000 specialized
professionals. For more information please enter: www.grupocobra.com.
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. These forward-looking
statements can be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes," "estimates" and
similar statements. Among other things, the quotations from management
in this press release and the Company's operations and business outlook,
contain forward-looking statements. Such statements involve certain
risks and uncertainties that could cause actual results to differ
materially from those in the forward-looking statements. Further
information regarding these and other risks is included in Hanwha
SolarOne's filings with the U.S. Securities and Exchange Commission,
including its annual report on Form 20-F. Except as required by law, the
Company does not undertake any obligation to update any forward-looking
statements, whether as a result of new information, future events or
Hanwha SolarOne has not independently verified any information in "About
Gransolar", "About Cobra" or any other information regarding the
business, strategy or market position of Gransolar or Cobra. Hanwha
SolarOne makes no representations regarding the accuracy or completeness
of any such information.
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