Korea-based Hanwha SolarOne Co. Ltd. has signed a supply agreement with China-based Baotou Shansheng New Energy Co. Ltd. for delivery of 50 MW of photovoltaic modules.
Deliveries will begin in October and are scheduled for completion by the end of November. The modules will be used in ground-mounted projects in Hohhot and Baotou, Inner Mongolia.
Hanwha SolarOne signed a similar 50 MW module supply agreement with Baotou New Energy in August.
‘We are pleased to strengthen our relationship with Baotou New Energy in developing renewable energy sources in northern China,’ says Jay Seo, Hanwha SolarOne's chief financial officer and head of the company's China business. ‘We anticipate further momentum in our China business as the Chinese government has formalized its 13 GW target for solar installations in 2014 and outlined last week some critical steps to support distributed generation.’