Hanwha SolarOne Sponsors PV Modules for Zanzibar project
75 kW Solar Rooftop Installation Brings Clean Energy and Bright Future to Students in Africa
[Ismaning, 05 March, 2014] Hanwha SolarOne Co., Ltd (the "Company", or "Hanwha SolarOne"), a global leading photovoltaic (PV) provider of high-quality, cost competitive solar photovoltaic modules, today announced that it has donated solar modules to the Karume Institute of Science and Technology in Zanzibar, Tanzania for a 75 kW rooftop installation, which was officially inaugurated on January 13, 2014. The installation serves a dual purpose: while ensuring the Institute with clean energy, the students will also be educated in the planning and installation of local solar energy facilities.
The solar project was initiated by the NGO Connecting Continents e.v, based in Kirchroth, Germany. PV project developer GSW Gold SolarWind Management GmbH, also based in Kirchroth, donated their support to the project by planning and installing the solar panels. Through extensive preparations and support from local partner Sele Rashid, GSW was able to successfully complete the installation within a few weeks.
The educational aspect of the project has been important to all parties involved. "This is the first PV facility of this scale to be connected to the grid in Zanzibar, and we are very proud to host it on our campus," said Haji Abdulhamid, Director of the Karume Institute of Science and Technology. "In addition to producing clean energy, the installation will be used to educate our students in renewable energy generation. We believe that this is crucial to pursuing solar energy locally and securing sustainable business activity."
The PV installation is registered under a net-metering scheme: During the day, excess energy is fed into the grid of the local utilities company Zanzibar Electricity Corporation (ZECO), which contributes to grid stabilization.
Maengyoon Kim, Managing Director of Hanwha SolarOne GmbH commented, "Hanwha SolarOne is dedicated to promoting education and sustainable development. To date, we have donated PV modules to several educational institutions, including the Yuyangguan Town Hope Primary School in Wufeng County, China, and the Osterbek School in Hamburg, Germany. In our experience, pupils and students are eager to learn more about renewable energy technologies, which signals a bright future for us all."
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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 61 domestic affiliates and 258 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
Gold SolarWind Management GmbH
GSW Gold SolarWind Management GmbH is specialized in the realization and operational management of sustainable energy production projects. The company currently operates 64 wind power plants as well as 30 MW of citizens' solar energy plants.
For more information, visit: www.gold-solarwind.de
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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