SolarOne adds China rooftop 31MW
Hanwha SolarOne has finished installing 31MW of rooftop PV capacity in southern China’s Guangdong province.
The company provided EPC services for the installation. It did not reveal the terms of the deal.
It collaborated with an undisclosed state-owned enterprise on the project, which is one of the largest of its kind in China.
The two sides will continue to develop more PV projects in the country together, Hanwha SolarOne said in an online statement.
The China-based PV module supplier – which is majority owned by Korea’s Hanwha – is aggressively expanding its projects business as the Chinese authorities rapidly ramp up the nation's PV capacity.
In March, the company signed a deal with the authorities in the Chinese city of Wuxi to develop, own and run 100MW of distributed PV capacity.
Chief financial officer Jay Seo said favourable Chinese government policies and incentives are driving the development of distributed PV projects throughout the country.
Earlier this week, the company posted a $21.5m loss for the first quarter of 2014, but vowed to increase its module capacity by 500MW to 2GW this year.