Hanwha SolarOne Surpasses Four Gigawatts of Photovoltaic Modules Shipped Globally
First South Korean Solar Company to reach Milestone
[22 October, 2013] Hanwha SolarOne Co. Ltd. (Hanwha SolarOne), a top-10 global photovoltaic manufacturer of high-quality, cost-competitive solar modules, today announced it has shipped four gigawatts (GW) of photovoltaic (PV) modules to 35 countries around the world. Hanwha SolarOne is the first South Korean solar company to reach this milestone.
"Since acquiring Hanwha SolarOne in 2010, the Hanwha Group has made solar the flagship of our business," said Ki-Joon Hong, CEO of Hanwha SolarOne and vice chairman of Hanwha Chemical. "We are building a lasting solar company that will power every corner of the world with affordable, clean and reliable solar power."
Hanwha SolarOne reaches this milestone as it expands its global footprint. Over the last year, Japan and South Africa have become two of Hanwha SolarOne's largest markets, along with a growing presence in developing markets around the world. Japan has accounted for 28 percent and South Africa 19 percent of Hanwha SolarOne's business in 2013.
"In the last three years, Hanwha SolarOne has made tremendous strides in improving quality, lowering cost and expanding our international sales channels," said Min-Su Kim, president of Hanwha SolarOne. "Our vast global network, backed by the financial strength of the Hanwha Group, has positioned Hanwha SolarOne to succeed as solar matures into a stable industry."
Hanwha SolarOne is solidifying its presence in the U.S. market, forecasted to be the third largest in the world. In the last 12 months, Hanwha SolarOne has delivered modules to new customers including AEE, Black & Veatch, Constellation, REC, Scatec, SolarCity, SolarUniverse, Soltage, Strata, and WESCO. Over the next year, Hanwha SolarOne is expanding product offerings in the U.S. to deliver more value to its customers. The next generation HSL Series module is smaller and lighter, yet high powered and certified to withstand significantly higher wind and snow loads than competitors. The company is also offering a Zep Compatible module, which increases safety and speeds installation time.
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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 70 domestic affiliates and 325 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
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