Hanwha SolarOne begins construction on 43-MW solar project

Hanwha SolarOne Co. Ltd. announced Nov. 25 that it will supply more than 170,000 high efficiency HSC 60 Poly Can-Am modules to the 42.5-MW Ontario Solar Photovoltaic Farm.

Hanwha Solar Canada, a subsidiary of Hanwha SolarOne, will manufacture the modules in Ontario, Canada. Hanwha Q CELLS is building the project, which is owned by Fiera Axium Infrastructure. The project located across four sites in Ontario.

“Canada represents a significant part of our growing sales network, as Hanwha SolarOne is on pace to increase module shipments to North America by more than 60 percent this year,” said Steve Kang, President, Hanwha SolarOne USA. “Canada is a pillar of Hanwha SolarOne’s long-term growth strategy in North America.”

The solar farm, scheduled for completion in early 2014, will generate up to 50 gigawatt hours annually. Shipment of modules has already commenced.

“Hanwha SolarOne is an ideal supply partner in Canada, with high quality modules manufactured locally in Ontario, backed by the Hanwha Group,” said Juan Caceres, Senior Vice President, Fiera Axium Infrastructure.

Fiera Axium Infrastructure is an independent portfolio management firm dedicated to generating long-term investment returns through investing in core infrastructure assets. Focus is placed on assets that are supported by robust market demand, under long-term contract with creditworthy counterparties, within concession-based structures or under a regulated framework. It is jointly controlled by Fiera Capital and Axium Infrastructure Management.

Hanwha SolarOne (NASDAQ: HSOL) is one of the top 10 photovoltaic module manufacturers in the world, providing cost-competitive, high quality PV modules. It is a flagship company of Hanwha Group, one of the largest business enterprises in South Korea.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.