Hanwha SolarOne to Supply Modules for 42.5 MW Ontario Solar Photovoltaic
Project will use 170,000 modules in Hanwha SolarOne’s largest supply deal to
Solar Canada 2013
LONDON -- November 25, 2013
Hanwha SolarOne Co. Ltd. (the “Company”, or “Hanwha SolarOne”), a top-10
global photovoltaic manufacturer of high-quality, cost-competitive solar
modules, today announced it will supply more than 170,000 high efficiency HSC
60 Poly Can-Am modules to the 42.5 MW Ontario Solar Photovoltaic Farm. Hanwha
Solar Canada, a wholly owned subsidiary of Hanwha SolarOne, will manufacture
the modules in Ontario, Canada. Hanwha Q CELLS is building the project, owned
by Fiera Axium Infrastructure, located across four sites in Ontario.
“Canada represents a significant part of our growing sales network, as Hanwha
SolarOne is on pace to increase module shipments to North America by more than
60 percent this year,” said Steve Kang, President, Hanwha SolarOne USA.
“Canada is a pillar of Hanwha SolarOne’s long-term growth strategy in North
The solar farm, scheduled for completion in early 2014, will generate up to 50
gigawatt hours of electricity annually, enough energy to power 5,000 average
Ontario households, reducing the province’s carbon footprint by 25,000 tons.
Shipment of modules has already commenced.
“Hanwha SolarOne is an ideal supply partner in Canada, with high quality
modules manufactured locally in Ontario, backed by the Hanwha Group,” said
Juan Caceres, Senior Vice President, Fiera Axium Infrastructure.
Hanwha Solar Canada is the presenting partner at Solar Canada 2013, Canada's
largest and most influential solar industry event, taking place Dec. 9-10 at
the Metro Toronto Convention Centre in Toronto, Canada.
About Fiera Axium Infrastructure Inc.
Fiera Axium Infrastructure Inc. is an independent portfolio management firm
dedicated to generating long-term investment returns through investing in core
infrastructure assets. Focus is placed on assets that are supported by robust
market demand, under long-term contract with creditworthy counterparties,
within concession-based structures or under a regulated framework. The firm
combines the capabilities of a group of professionals with extensive
infrastructure development and management backgrounds, with the fund
management expertise of one of Canada’s leading independent fund managers in
Fiera Capital Corporation (TSX: FSZ). Its management team comprises
infrastructure investment specialists with decades of combined experience
acquiring, developing, financing, operating and managing infrastructure
assets. Fiera Axium Infrastructure is jointly controlled by Fiera Capital and
Axium Infrastructure Management. For more information on Fiera Axium
Infrastructure, please visit its website www.fieraaxium.com.
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. Hanwha 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.
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
John Xi, +86-21-38521521
Senior Marketing Communication Manager
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