Hanwha SolarOne Co. Ltd. has signed a memorandum of understanding with the Yantai Municipal Bureau of Commerce (YMBC) in China to develop distributed generation (DG) photovoltaic projects.
As part of the strategic partnership, Hanwha SolarOne intends to develop, own and operate 100 MW of DG projects in Yantai. YMBC will help secure rooftop space, facilitate project approval and grid connection as well as aid with obtaining tax preferences and project financing.
Hanwha says it plans to use its own solar modules for the projects as well as provide engineering, procurement and construction services.
‘The latest government initiatives are already having a meaningful impact on the acceleration of distributed generation projects in China,’ says Jay Seo, chief financial officer of Hanwha SolarOne and head of its China business. ‘Through this partnership, we have already identified rooftops that will accommodate approximately 8 MW of DG projects and are now in the process of securing permits.’
