New 30 kW Solar PV System Successfully Installed at Hope School
[Shanghai, Hubei, China, 17 December, 2013] Hanwha SolarOne Co., Ltd. (the “Company,” or “Hanwha SolarOne”), a top-10 global photovoltaic (PV) manufacturer of high-quality, cost-competitive solar modules today announced the completed installation of a 30 kW solar PV system, which will provide continuous power support to Yuyangguan Town Hope Primary School in Wufeng County, Hubei province. The completion of this project marks an important milestone in Hanwha SolarOne parent company Hanwha Group’s ‘Happy Sunshine’ campaign. Held in partnership with the China Youth Development Foundation, ‘Happy Sunshine’ aims to improve the operational conditions of local schools while teaching students the value of renewable energy and sustainable development. In attendance during the installation completion ceremony was Mr. Keum Choon-Soo, President of Hanwha Group China Headquarters; Mr. Song Jeong Hoon, Vice President of Hanwha Group China Headquarters; Mr. Guo Qi, Vice President of Hanwha SolarOne; and Mr. Yang Chun Lei, Vice General Secretary of the China Youth Development Foundation.
In addition to designing and installing the 30 kW distributed rooftop PV system for Yuyangguan Town Hope Primary School, Hanwha SolarOne will provide comprehensive operation and maintenance training to ensure its optimal use. The system will yield an estimated 32,000 kW of clean solar energy every year.
“We are excited to donate and install PV equipment for a Hope School. More than that, we are honored to brighten the lives of these children and bring them new hope through new energy,” said Mr. Keum Choon-Soo, President of Hanwha Group China Headquarters during the ceremony. “As a responsible corporate citizen, Hanwha will continue to bring benefit to the communities we serve and partner
with organizations who share our commitment to creating a brighter future.”
Mr. Yang Chun Lei, Vice General Secretary of the China Youth Development Foundation added, “We are extremely grateful for this generous donation from Hanwha Group and Hanwha SolarOne. With Hanwha SolarOne’s advanced technology and beneficial training, we believe that this system will be an effective source of sustainable and reliable energy for Yuyangguan Town Hope Primary School.”
“We are extremely honored to play a meaningful role in this event,” said Mr. Guo Qi, Vice President of Hanwha SolarOne. “Completing the installation of this 30 kW Solar PV System at the Hope School marks one of our most significant achievements in corporate social responsibility this year.”
Hanwha SolarOne is committed to contributing to both social and business growth in China. In addition to completing the installation of this 30 kW Solar PV System through the ‘Happy Sunshine’ project, the company recently formed a key alliance with Jiangsu Zhongtian Technology Co., Ltd and supplied 50 MW to one of China’s largest state-owned power companies, China Huaneng Group.
Since Hanwha Group’s ‘Happy Sunshine’ began in 2011, it has donated PV equipment to welfare and childcare centers across Korea as well as the Osterbek School in Hamburg, Germany and Taneichi kindergarten in Hirono-cho, Japan to give more children light for their studies.
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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, visit: investors.hanwha-solarone.com
Hanwha Group, founded in 1952, is one of the Top-Ten business enterprises in South Korea
and a “FORTUNE Global 500” company. Hanwha Group has 56 domestic affiliates and 226 global networks in three major sectors: manufacturing and construction, finance, and services and leisure.
With more than 60 years track record of industrial leadership, Hanwha’s manufacturing and construction businesses encompass a broad range of fields from chemicals & materials, aerospace & mechatronics, total solar energy solutions, and global construction. The finance network, covering insurance, asset management and securities, is the second largest non-bank financial group in South Korea. The services and leisure sector offers premium lifestyle services with retail and resort businesses.
For more information, visit: www.hanwha.com
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.