Hanwha SolarOne, a manufacturer of PV modules, has signed a memorandum of understanding (MOU) with Yantai Municipal Bureau of Commerce (YMBC) to develop 100 MW of distribution generation (DG) PV projects.
Under this partnership, Hanwha SolarOne will develop, own and operate 100 MW of distributed generation projects in Yantai, a major port city located in Shandong Province, China.
YMBC will help secure rooftop space, facilitate project approval and grid connection, as well as aid with obtaining tax preferences and project financing.
Jay Seo, chief financial officer of Hanwha SolarOne and head of Hanwha SolarOne’s China business said, “Through this partnership we have already identified rooftops that will accommodate approximately 8 MW of DG projects and are now in the process of securing permits. We intend to use our own modules and perform the necessary EPC work for all projects under this MOU.”
Seo added, “The latest government initiatives are already having a meaningful impact on the acceleration of distributed generation projects in China and we feel we are ideally positioned to gain further traction in the market going forward.”
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