Solar Trade Platform and Directory of Solar Companies

Hanwha SolarOne Reaches RMB3.5 Billion Credit Agreement with the Bank of Beijing

Published on 3 Dec 2013
Hanwha SolarOne 
Dec. 2, 2013 - Hanwha SolarOne today announced it has finalized a framework agreement with the Bank of Beijing for access to up to RMB3.5 billion (approximately US$574 million) of credit over the next three years. Specific drawdowns are subject to the approval procedures of the Bank of Beijing, including reviews of the specific applicable project information. 

Mr. Jay SEO, Chief Financial Officer of Hanwha SolarOne, commented, "We are pleased to have continued our banking relationship with the Bank of Beijing. This is an important component to support our emphasis on a strengthening downstream business in China. We currently have 250MW in our pipeline. We expect to build up our EPC competency and project track record and develop an IPP business, including through strategic partnerships in China now under active discussion."

ENF Profiles For Companies Mentioned in This Article

Hanwha SolarOne (Solar Materials):
Hanwha SolarOne (Solar Panels):
Hanwha SolarOne (Solar System Installers):
PV industry news is republished free of charge, please send your news to