Hanwha SolarOne Signs MOU with OneRoof Energy for 50 MW Module Supply

Hanwha SolarOne today announced it has reached a memorandum of understanding ("MOU") with OneRoof Energy, a complete solar services provider, 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. See full press release