Specific drawdowns on the loan, however, remain subject to individualapproval procedures at the bank, including reviews of specific projects.
Hanwha SolarOne, known as Solarfun until its acquisition byKorea’s Hanwha Group, is among the many Chinese PV manufacturers looking tothicken its margins via pressing downstream into development and EPC work, beginning with China.
SolarOne claims to have a 250MW project pipeline.
“We expect to build up our EPC competency and project trackrecord, and develop an IPP business – including through strategic partnershipsin china now under active discussion,” explains chief financial officer Jay Seo.
