January 9, 2014
Hanwha SolarOne Co., Ltd. (the 'Company' or 'Hanwha SolarOne'), a top-10 global photovoltaic (PV) manufacturer of high-quality, cost-competitive solar modules, announced that it will supply 20.5 MW of its high-performing HSL-60 PV modules to vogt solar ltd. ('vogt solar'), a fully-owned subsidiary of the Germany-based company, ib vogt GmbH ('ib vogt'). The solar modules will be installed in one of the largest solar parks in the UK.
ib vogt specializes in the development, realization and operation of large scale PV power plants on a global level. Upon completion, this project will represent ib vogt's largest solar park in the United Kingdom to date.
For the past two years, Hanwha SolarOne has consistently supplied high-quality modules to a number of large-scale solar parks realized by ib vogt. These include several projects in the United Kingdom, such as the 9.8 MW Manston PV park in Kent, the 6.2 MW Langunnett PV park in Cornwall, a 5 MW PV park in Wellow on the Isle of Wight, and a 5 MW PV park in Oving, West Sussex. In addition to these projects, Hanwha SolarOne has also supplied 9.5 MW of solar modules to ib vogt, which they used in the Thunpadel solarpark in Lower Saxony, Germany.
'We are very pleased to work with ib vogt once again, as we continue to expand our presence in the United Kingdom - one of our key markets in Europe,' said Maengyoon Kim, Managing Director of Hanwha SolarOne GmbH. 'With our high-quality PV modules, flexible ordering structure and capable sales team, we are ideally positioned to meet the United Kingdom's solar power needs. We look forward to continuing to serve this important market in the future.'
Hanwha SolarOne successfully delivered the first batch of HSL-60 modules in December 2013 and will complete the total shipment early in the first quarter of 2014. HSL-60 modules, characterized by excellent performance and extended durability, are backed by a 12 year workmanship warranty and a 25 year linear performance warranty.
About Hanwha SolarOne
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.
About ib vogt
ib vogt GmbH and its subsidiary companies are specialized in the development, financing, turnkey realization, operation and asset management of large scale solar power plants. The company is currently focused in the UK, Eastern Europe and South East Asia. ib vogt has a fully integrated approach including consultancy, development, planning, engineering and project management services as well as conducting the financing, EPC/EPCM, O&M and asset management of solar parks. Since 2009, ib vogt has implemented solar power plants with a total rated output of around 140 MW and owns and operates - together with its associated companies - over 70 MW of solar parks in Germany and England. The company has developed an extensive pipeline of more than 250 MW in England of which 75 MW is currently in construction. For more information please visit the website: www.vogt-solar.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.
Hanwha SolarOne has not independently verified any information in 'About ib vogt' or any other information regarding the business, strategy or market position of vogt solar or ib vogt. Hanwha SolarOne makes no representations regarding the accuracy or completeness of any such information.
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