The modules, which will be installed in a utility-scale project in Yongchang, Gansu Province, are expected to be delivered in December 2013.
Hanwha SolarOne chief financial officer Jay Seo said the company will focus on improving competitive position in the China market.
"We now have a backlog of over 250 MW in China, have begun development of a strategic partnership with Jiangsu Zhongtian Technology, completed several sizeable module supply contracts, are building an EPC competency, and secured a framework credit line with Bank of Beijing for RMB 3.5 billion (approximately US$574 million) over the next three years, providing us the flexibility to fund future downstream projects (IPP) as they develop, without unnecessarily leveraging the balance sheet near-term," Seo added.
Hanwha SolarOne, a company of Hanwha Group, serves the utility, commercial, government and residential markets through a growing network of third-party distributors, OEM manufacturers and system integrators.
