Hanwha 'Happy Sunshine' Once Again Brings Hope to the Children of China
- Hanwha SolarOne Donates 30 kW Solar PV System to Hope School in Qinghai Province
[Beijing, China, 29 July, 2014] Hanwha Group and Hanwha SolarOne today officially announced it will donate a 30 kW solar PV system that will provide continuous power support to Xiegou Town Center Primary School in Datong County, Qinghai Province. As a partnership between Hanwha SolarOne and the China Youth Development Foundation, this forms another important milestone in Hanwha Group’s signature CSR(Corporate Social Responsibility) program - ‘Happy Sunshine’ in China. Not only will it improve overall conditions of local schools as well as enable its long-term development, the program also plays a key role in enabling teachers and students to better understand the value of sustainable development.
The inaugural signing ceremony marking this announcement was attended by Mr. Seong Woo Nam, Chief Executive Officer of Hanwha SolarOne; Mr. Jay Seo, Head of China Business Division of Hanwha SolarOne; Mr. Young Rak Kim, Vice President of Hanwha Group China; Mr. Tu Meng, General Secretary of the China Youth Development Foundation; Mr. Sun Guangbin, Vice Secretary of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products. Government representatives from the Datong County were also present.
Commissioned by the Hanwha Group, Hanwha SolarOne will specially design and install a 30 kW distributed rooftop PV system tailored for the Xiegou Town Center Primary School in Datong County, Qinghai Province. In addition, Hanwha SolarOne will provide the school with comprehensive operational and maintenance related training. The project is estimated to yield an estimated 54,000 kW of solar energy every year for the Xiegoue Town Center Primary School, which is equivalent to RMB 40,000 in annual electricity fees.
Hanwha Group donated and installed another 30 kW distributed rooftop PV system for the Hope Primary School in Wufeng County, Hubei Province in the previous year, and this year’s donation for Xiegou Town Center Primary School signifies the continued expansion and achievements in the company’s corporate social responsibility in China. Mr. Seong Woo Nam, Chief Executive Officer of Hanwha SolarOne, stated during the signing ceremony, “Hanwha Group is dedicated to supporting children’s education while fostering a greater understanding of sustainable development and renewable energy. We are honored to be able to leverage our strength and contribute to the ‘Project Hope’ so to improve overall education and wellbeing of children in remote areas in China. Looking ahead, we are committed to continue expanding our corporate responsibility footprint in China through cooperating with public welfare organizations and trade associations so to continue helping people in need.”
“This donation is testament to the continued success gained from the Hope Primary School in Wufeng County, Hubei Province. It further reflects the uniqueness of the program and its potential to be adapted across regions. We hope the donation and installation of PV equipment can be provided to more Hope Schools across China while inspiring solar companies to leverage more creative ways to implement CSR programs,” Mr. Tu Meng, General Secretary of the China Youth Development Foundation added. Mr. Sun Guangbin, Secretary of CCCME further added, “Hanwha Group’s ‘Happy Sunshine’ program has successfully incorporated the company’s technical strength and has set an industry precedence by establishing a new direction for CSR programs implemented by solar industries. We hope to see more solar PV industries leveraging its business strengths into their CSR projects so to enable clean energy to benefit the wider population.”
Since entering China, Hanwha Group is committed to developing alongside the Chinese society and fulfill its responsibility to the community. In 2012, Hanwha donated and installed 80kW solar PV system to Ningxia Baijitan Nature Reserve by leveraging its longstanding experience in the solar industry. Furthermore, Hanwha Group has planted 200,000 trees every year in the nature reserve since 2013 to further contribute to its anti-desertification program. In 2013, Hanwha Group introduced its global CSR program - “Happy Sunshine” - into China. The CSR program plays a significant role in inspiring hope in China, by combining together hope to achieve cleaner energy in the future alongside hope for a brighter future through education. By providing a continuous source of reliable electricity to schools and improving overall conditions, Hanwha Group remains committed to its pledge in ensuring “Green Energy Helps Youth Education” and lighting up children’s studies. The company is also fully committed to continue investing and expanding upon its CSR programs in China so to bring greater benefits to the wider region.
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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 more than 85 domestic affiliates and over 380 global networks in three major sectors: manufacturing and construction, finance, and services and leisure. With more than 65 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.
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