As part of efforts to expand project-development business, Hanwha SolarOne aims to own and operate the 100MW of distributed generation projects.
The Wuxi Administrative Committee will provide Hanwha with rooftop space for the projects, facilitate local government approvals and grid connection, as well as will help to obtain preferential tax treatment and project financing.
Hanwha SolarOne chief financial officer and downstream business head Jay Seo said the company has taken one more important step towards developing its downstream business in China.
"The Wuxi Administrative Committee will provide us access to a number of high quality rooftops, and be an instrumental partner in permit development, project development and grid connection," Seo added.
The China-based photovoltaic manufacturing division of South Korea’s Hanwha Group has its business footprint in Europe, North America, Asia, South America, Africa and the Middle East.
Image: Hanwha SolarOne to construct 100MW downstream PV projects in Wuxi New district, China. Photo: Courtesy of Naypong/ FreeDigitalPhotos.net.
