Hanwha to supply 50MW PV modules to CNBM

Hanwha SolarOne entered into a framework supply agreement for 50MW of PV modules, to be delivered to CNBM International in 2011.

This agreement extends an existing business relationship between the two companies.  In September 2010, Hanwha SolarOne entered a contract to supply CNBM International with 10MW of PV modules during that year.

Dr. Peter Xie, President and CEO of Hanwha SolarOne, commented, "We are pleased CNBM International has again chosen our high-quality PV modules for their projects.  We are encouraged by the uptake of our brand of products by many prominent developers and businesses worldwide, and we believe this framework agreement marks a positive start to the 2011 fiscal year.  We expect our current visibility in China to remain high, as the country's adoption of renewable energy technologies, especially solar, increases in the near term."