Hanwha SolarOne to Supply 11.5 MW to Ikaros Solar

  Hanwha SolarOne to Supply 11.5 MW to Ikaros Solar

Leading Belgian solar company to install high-quality modules in UK

Business Wire

ISMANING, Germany -- January 2, 2014

Hanwha SolarOne Co., Ltd. (the “Company”, or “Hanwha SolarOne”), a top-10
global photovoltaic manufacturer of high-quality, cost-competitive solar
modules, today announced that it will supply 11.5 MW of high quality solar
modules to Ikaros Solar Belgium NV (the “Ikaros Solar”). The modules are
scheduled for delivery inJanuary and February 2014.Ikaros intends to install
the modules in a solar park in Norfolk County,United Kingdom. Hanwha SolarOne
will supply its 72-cell module HSL-72, characterized by excellent real-life
performance and extended durability.

Ikaros Solar operates as a project planner and wholesaler and is active in
both large-scale and rooftop segments. Based in Belgium, Ikaros Solar has
evolved into an international company with a global network of offices. Hanwha
SolarOne has delivered high-quality PV modules to a number of solar projects
constructed by Ikaros Solar.

“In Hanwha SolarOne, we have found a partner that can ensure both high quality
and financial stability,” said Yves Devis, CEO at Ikaros Solar. “The PV
modules from Hanwha SolarOne have demonstrated high performance and durability
in our past projects. With the improved features of the new HSL-module series
providing further benefits, Hanwha SolarOne was a natural choice for our
latest large-scale project.”

“This project is the result of a strong, long-term collaboration with Ikaros
Solar, a leading solar company in the Benelux region,” said Laurent Bodin,
Director Sales France and Benelux at Hanwha SolarOne. “The partnership is
based on mutual respect between two reliable companies that share the highest
quality requirements. We look forward to contributing to more successful
Ikaros projects in the future.”

Ikaros intends to start the construction of the new solar park in January 2014
and connect the new solar park to the grid by the end of March 2014. The solar
park will include 38,334 modules supplied by Hanwha SolarOne.

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.

About Ikaros Solar

Ikaros Solar, headquartered in Schoten, is one of Belgium's top companies
operating in the PV market. It provides PV solutions for companies and the
residential market. In addition, it is a wholesaler for certified installers.
It offers its clients a total service during the selection and installation of
solar energy and for maintenance and monitoring afterwards. Ikaros Solar was
founded in 2006 and has evolved into an international company with offices in
Belgium, Great Britain, Portugal, India, Mexico and Turkey. Ikaros Solar has
installed more than 2,000 private PV systems and supplied installations to
many public authorities and companies including IKEA, Carrefour, Philips,
Janssen Pharmaceutica, DP World and Molenbergnatie. Furthermore, Ikaros Solar
has partnerships with certified installers for the private sector. For more
information, please visit: http://www.ikaros-solar.eu/

Safe-Harbor Statement

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
otherwise.

Hanwha SolarOne has not independently verified any information in “About
Ikaros Solar” or any other information regarding the market position of Ikaros
Solar. Hanwha SolarOne makes no representations regarding the accuracy or
completeness of any such information.

Contact:

Hanwha SolarOne
Lena Berg +49 (0)89 / 2175 667 393
PR Manager
lena.berg@hanwha-solarone.de
 
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