Hanwha SolarOne Wins Order to Supply 20 Megawatts to Hong SolarJustin Doom
Hanwha SolarOne Co., the photovoltaic manufacturing unit of South Korea’s Hanwha Group, won an order to supply modules with 20 megawatts of capacity to Hong Solar Co. for an Inner Mongolia project.
Panel shipments for the utility-scale solar farm in Baotou are expected to be completed this month, the Qidong, China-based unit said today in a statement. Terms of the sale weren’t disclosed.
The company said yesterday that third-quarter shipments to customers in China had increased fivefold from the previous quarter. Chief Financial Officer Jay Seo said he expects a “strong showing” in the fourth quarter.