Hanwha SolarOne wins major solar deal in Chile

Hanwha SolarOne has signed a deal to supply 80 MW of solar PV modules to a project in the Antofagasta Region, Chile.

Under the contract, Hanwha SolarOne will provide its new polycrystalline module generation, the HSL S Series. The new modules feature a four busbar design, and are more energy efficient, the company claims.

Hanwha SolarOne  has agreed to deliver 258,000 HSL 72 S Poly modules. Delivery will start late in the first quarter of 2015 and is scheduled to be completed in the second quarter.

The generated power will be sold under a power purchase agreement (PPA).

hanwha-solarone-hsol-stock“Hanwha Solar is strongly expanding into emerging PV markets,” said Maengyoon Kim, managing director of Hanwha SolarOne. “With its financial stability and high-quality products, our company has proven a reliable partner for investors and project planners worldwide.”

During the third quarter of 2014, the company shipped 373.2 MW of solar modules, a 9.9 percent increase from 339.5 MW in 2Q14, and a 17.4 percent increase from 317.8 MW in 3Q1.

Japan continued to contribute to the largest share (43 percent in 3Q14)

The company’s revenues during the quarter increased 8.2 percent from RMB1, 107.3 million in 2Q14, and an increase of 5.5 percent from RMB1, 135.1 million in 3Q13.

Rajani Baburajan