Hanwha SolarOne has signed a memorandum of understanding (MOU) to supply 50MW of its modules to US-based third-party finance and residential rooftop installer, OneRoof Energy, as the company plans to expand operations.
A year ago, Korean-based Hanwha Group and owners of Hanwha SolarOne invested US$30 million in OneRoof Energy and had been an investor in an initial investment round in the company in 2011.
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
“Hanwha SolarOne makes high-quality, reliable modules, but most importantly they offer our customers peace of mind that the panel manufacturer will be there to back the warranty for 12 years. The power of Hanwha is in their ability to deliver on that promise,” said David Field, president and chief executive of OneRoof Energy.
Hanwha SolarOne did not provide further details on when the supply deal would begin or timeframe related to the module supply deal.
OneRoof Energy is said to primarily operate in Arizona, California, and Hawaii with plans to expand into north-eastern regions of the US shortly.