Jan. 7, 2014 - Hanwha SolarOne today announced it has reached a memorandum of understanding ("MOU") with OneRoof Energy to supply up to 50 megawatts of Photovoltaic ("PV") modules. Hanwha SolarOne and OneRoof Energy intend to enter a supply agreement to establish a reliable supply of modules for OneRoof Energy, as well as to work together to identify and develop new and next generation products for the residential market that will enhance energy yield, improve bankability and increase residual value, and engage with downstream suppliers to improve PV system efficiencies and lower the levelized cost of energy to homeowners.
Mr. Min-Su Kim, President of Hanwha SolarOne commented, "OneRoof Energy is well positioned in the burgeoning residential rooftop financing market in the U.S. where in large markets like California, industry sources estimate about three-fourths of all solar installations were the result of third-party financing. Our high-quality, proven modules will play an important role in meeting OneRoof Energy's performance and product warranty customer guarantees."
"Hanwha SolarOne makes high-quality, reliable modules, but most importantly they offer our customers peace of mind that the panel manufacturer will be there to back the warranty for 12 years. The power of Hanwha is in their ability to deliver on that promise," stated David Field, President and Chief Executive Officer of OneRoof Energy.