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Hanwha SolarOne Co. Ltd. (HSOL) Opens First Office In Israel

|Includes: Hanwha Q CELLS Co., Ltd. (HQCL)

Hanwha SolarOne, one of world's top 10 PV manufacturers, has announced the opening of its first office in the Israeli market. Eran Kopel, Hanwha SolarOne's new sales and marketing director for Israel, will manage this office, which will be based in Modiin, near Tel Aviv and Jerusalem.

A promising market for the PV industry and a key market for Hanwha SolarOne, Israel boasts a sunny climate that provides around 1,800 kWh per year, making grid parity a near reality. With its strong financial backing, Hanwha Group is ideally positioned to take a lead role in utility-scale projects and become a key driver in developing the solar power potential in Israel.

Kopel, Hanwha SolarOne's new sales and marketing director for Israel and the manager of the new Israel office, has a strong background in the PV industry. Before joining Hanwha SolarOne's team, he managed sales and marketing for SunPower in Israel and also led project development at Inbar, which is a leading local EPC company.

The opening of an office in Israel signifies an important initial step for improving service to customers in Israel. Hanwha SolarOne will now focus on investing in strong partnerships with installers, EPCs, and developers.

Hanwha SolarOne will be showcasing its polycrystalline modules SF220 and SF260 at the Eilat-Eilot Renewable Energy Conference from Nov. 27-29. Hanwha SolarOne's booth, No. 02-04, will be offering information about the company's portfolio and services.

Hanwha SolarOne provides cost-competitive, high quality PV modules and is the flagship company of Hanwha Solar, which is the solar business network of Fortune 500-ranked Hanwha Group. Serving the utility, commercial, and residential markets for a growing network of third-party distributors and system integrators, Hanwha SolarOne maintains a strong global presence with employees located throughout Europe, North America, and Asia. The company additionally espouses environmental responsibility and sustainability and takes an active role in the voluntary photovoltaic recycling program.

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