Hanwha SolarOne and CNBM International have collectively extended their business relationship with a new order by CNBM International, which calls for Hanwha SolarOne to supply 50MW of it PV modules throughout 2011. The two companies originally entered into their business relationship in September 2010, when Hanwha SolarOne agreed to supply CNBM International with 10MW of PV modules during 2010.
Dr. Peter Xie, president and CEO of Hanwha SolarOne, commented, “We are pleased CNBM International has again chosen our high-quality PV modules for their projects. We are encouraged by the uptake of our brand of products by many prominent developers and businesses worldwide, and we believe this framework agreement marks a positive start to the 2011 fiscal year. We expect our current visibility in China to remain high, as the country's adoption of renewable energy technologies, especially solar, increases in the near term.”