in News Departments > FYI
print the content item

Hanwha SolarOne Co. Ltd. has reached an agreement with the Bank of Beijing for access to up to RMB 3.0 billion (approximately $475 million) of credit over the next twelve-month period.

Drawdown of specific amount is subject to approval procedures of the Bank of Beijing, including review of specific project information, as applicable. 

"This new credit facility provides us with access to the additional financial resources necessary to manage and grow our business to exploit downstream project opportunities in China and abroad," explains Jay Seo, chief financial officer at Hanwha SolarOne. "Additionally, we are pleased to have broadened our banking relationships within China to include another leading financial institution, the Bank of Beijing."



IronRidge_id1414

Surrette_id1409
Latest Top Stories

Installer's Survey Shows Solar Energy Customers Predominantly Middle Class

Massachusetts installer New England Clean Energy surveyed nearly 250 of its customers and found that the majority of households installing solar are middle class.


U.S. Renewables Continue To Outpace Coal, Oil And Nuclear In New Capacity

New U.S. capacity from renewables so far this year is almost 35 times that of coal, oil and nuclear combined - 3,598 MW vs. 104 MW. Solar and wind are running virtually neck-and-neck, with 1,671 MW and 1,614 MW, respectively.


Energy Department Invests Millions More In Cost-Cutting Solar R&D

The U.S. Department of Energy (DOE) is awarding $53 million to dozens of research and development (R&D) projects that aim to drive down the cost of solar energy.


TVA Reconsiders Solar's Role And Value In New Resource Plan And Grid Study

Critics point to wide variations in caps and premiums paid for solar under the Tennessee Valley Authority's (TVA) current plan. The utility agency says it will incorporate more solar stakeholders in future programs.


After Massachusetts' 'Godfather Of Solar' Exits, Will The New Gov. Step Up?

Bay State solar developers and suppliers look back on the legacy of Gov. Deval Patrick while awaiting Massachusetts’ incoming chief executive.

CanSolIndus_id1429
Heilind_id1430
GoIndustry (UK) Limited_id1446
PVcobra_id1394
Ingeteam_id1433