Hanwha SolarOne Enters North American Project Development Market

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PV module manufacturer Hanwha SolarOne Co. Ltd. has launched Hanwha SolarEnergy America (HSEA), which the company says will expand its North American capabilities downstream with project financing; development; engineering, procurement and construction; and operations and maintenance services. The company will serve customers in the utility and commercial sectors.

The launch of HSEA marks the completion of integrating Solar Monkey, an Irvine, Calif.-based developer in which Hanwha Solar purchased in January 2011, with the Hanwha Solar network. The newly branded HSEA has developed a project pipeline totaling 1 GW.

HSEA continues Hanwha Solar's expansion downstream, following strategic investments in companies such as OneRoof Energy for residential lease financing, tenKsolar for rooftop systems and Silent Power for energy storage.

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