SolarOne in 50MW Mongolia deal

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."