SolarOne in 50MW Mongolia deal

Hanwha SolarOne's HQ

Hanwha SolarOne's HQ

Hanwha SolarOne said business in China is robust as it prepares to deliver 50MW of modules to Inner Mongolia under a supply agreement with Baotou Shansheng New Energy Co.

The China-based, Korean-owned PV manufacturer will equip ground-mount projects in Hohhot and Baotou.

The plants are set for completion this month.

Hanwha SolarOne CFO Jay Seo said: "The Chinese government has just formalised a 13GW target for solar installations in 2014 and outlined some additional support, particularly for distributed generation projects.

“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."


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