As part of the major drive by the former Solarfun Power to capitalise on Hanwha’s major investment in the company, the recently renamed, Hanwha SolarOne is set to build a 2GW solar cell and module complex with Nantong Economic and Technological Development Zone, located in Jiangsu Province. An initial 1GW complex under ‘Phase 1’ is to build at a cost of US$500 million over the next three years according to Hanwha SolarOne.
“The Nantong Economic and Technological Development Zone is home to some of the country's best employee talent in precision electronic manufacturing,” noted Dr. Peter Xie, President and Chief Executive Officer of SolarOne. “Its location is just north of our Shanghai headquarters, and in close proximity to our manufacturing base in Qidong as well as one of the ten largest sea ports in China, allowing us to share management oversight and manufacturing resources. The new facility, once completed, will also provide much needed expansion of our production capacity.”
Dr Xie also noted that the new facilities would add capacity that would lower production costs and provide a competitive cost edge over its major competitors.
Previously outlined production capacity expansion plans for 2001, included increasing ingot capacity from 360MW to 510MW and wire saw capacity from 400MW to 572MW. Solar cell capacity will also be increased from 550MW to 820MW, better matching its module capacity.
Recently, Hanwha SolarOne signed a new long-term wafer and polysilicon supply contract whereby GCL-Poly will provide 2,500MW of wafer and polysilicon products from January 2011 until December 2015.