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Hanwha SolarOne to Supply 50-Megawatt Panels to China’s Baotou

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Aug. 12 (Bloomberg) -- Hanwha SolarOne Co., the photovoltaic manufacturing unit of South Korea’s Hanwha Group, agreed to supply 50 megawatts of solar panels to Baotou Shansheng New Energy Co.

Shipments beginning earlier this month are expected to be completed by mid-September, Hanwha SolarOne said today in a statement. The panels will be used for ground-mounted projects in Hohhot and Baotou in China’s northern region of Inner Mongolia.

The company is seeing an increase in business opportunities beginning this quarter, Chief Financial Officer Jay Seo said in the statement.

To contact Bloomberg News staff for this story: Feifei Shen in Beijing at fshen11@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Abhay Singh

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