Hanwha SolarOne, a manufacturer of high-quality solar modules, has finalized a framework agreement with the Bank of Beijing for access to up to RMB3.5 billion (approximately US$574 million) of credit over the next three years.
Specific draw downs are subject to the approval procedures of the Bank of Beijing, including reviews of the specific applicable project information, the company said.
Jay SEO, chief financial officer of Hanwha SolarOne, said, “We are pleased to have continued our banking relationship with the Bank of Beijing. This is an important component to support our emphasis on a strengthening downstream business in China.”
“We currently have 250 MW in our pipeline. We expect to build up our EPC competency and project track record and develop an IPP business, including through strategic partnerships in China now under active discussion,” SEO added.
Hanwha SolarOne selected to supply modules to Gransolar & Hyperion
Recently Hanwha SolarOne announced it has just supplied 12.9 MW of HSL PV modules to the Spanish/Portuguese consortium Gransolar & Hyperion.
The high-output solar PV modules are being installed in solar parks across the areas of Lisbon and Coimbra, Portugal, the company said.