Dec 10, 2012 – Hanwha SolarOne, one of the top ten PV manufacturers in the world, announced a 155 MW solar module supply agreement with Cobra, Gransolar and Kensani. In the company’s and South Africa’s largest solar deal to date, Hanwha SolarOne will distribute its high-performance modules to the country’s Letsatsi and Lesedi Projects, which were selected by the South Africa Department of Energy (DOE) in the first round of bids under the South Africa Renewable Energy Program.
South Africa is ideally situated for a bright future in solar, with its low population density and annual 2,500 hours of sunshine. It allows Hanwha SolarOne’s 155MW solar modules to generate enough clean energy for 268,000 families in the country. By contributing 75 MW to each of the Letsatsi and Lesedi Projects, Hanwha SolarOne in collaboration with Cobra, Gransolar and Kensan will help the coal-dependent South Africa reduce carbon emissions and meet its commitment to developing 8,400 MW of solar PV energy by 2030. The delivery of the solar modules is expected to be completed by the end of June 2013.
“This latest contract signals Hanwha SolarOne’s growing global presence,” said Mr. Min-Su Kim, President of Hanwha SolarOne. “as the flagship company of Hanwha Group, a Fortune Global 500 company and the third largest photovoltaic manufacturer in the world with 2.3 GW of manufacturing capacity, Hanwha SolarOne is placed in an ideal position to provide total energy solutions to every region in the world. Hanwha SolarOne’s ongoing efforts to globalize our business will enable us to develop additional growth engines to propel our sustained success.”