SEIA Welcomes Hanwha SolarOne as Board Member

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Hanwha SolarOne (NASDAQ: HSOL), a global PV manufacturer, is showing strong growth potential, having entered into an agreement with OneRoof Energy earlier this year to supply 50 MW of panels for residential installation. Hanwha SolarOne has now officially joined the Solar Energy Industries Association (SEIA) at the board level to provide perspective from a large PV manufacturer’s standpoint.

“Many important decisions are being made right now at the federal, state and local levels which will affect the solar industry in America for years to come,” said Steve Kang, president of Hanwha SolarOne USA. “Hanwha SolarOne will work with SEIA, lending our perspective as one of the largest solar manufacturers in the world, to help find solutions which will bring affordable solar energy to all Americans.”

“We’re very excited Hanwha SolarOne has joined our organization,” said SEIA president and CEO Rhone Resch. “As one of the largest PV manufacturers in the world, Hanwha SolarOne offers invaluable expertise to our board. We look forward to working closely with them on the pressing issues facing the solar industry today.”

America’s solar energy industry grew by over 20% last year and currently employs 143,000 workers at more than 6,100 companies, most of which are small businesses spread across the United States. This makes solar one of the fastest-growing industries in America. Part of this amazing growth is attributed to the fact that the average cost of a solar system has dropped by nearly 40% over the past two years. Today, there are more than 14.8 GW of solar electric capacity installed in the United States – enough to power more than three million American homes.