Hanwha SolarOne is a global top class renewable energy company listed on NASDAQ (HSOL). It was newly born as Hanwha SolarOne after Hanwha Group (one of representative Korean business groups) took over Solarfun Power Holdings (a leading global PV module manufacturer) in 2010. Hanwha defines value creation within the solar industry as developing a revolutionary business model based on full-integration of the entire value chain to expedite its commercialization in a race toward grid-parity . Hanwha SolarOne is moving fast to become a global leader in the solar industry, delivering complete solar solutions for all.
- Business Type:
- Industry Type:
- Energy - Renewable Energy
- Market Focus:
- Globally (various continents)
Hanwha SolarOne is a global top class renewable energy company listed on NASDAQ (HSOL).
It was newly born as Hanwha SolarOne after Hanwha Group (one of representative Korean business groups) took over Solarfun Power Holdings (a leading global PV module manufacturer) in 2010.
Hanwha defines value creation within the solar industry as developing a revolutionary business model based on full-integration of the entire value chain to expedite its commercialization in a race toward grid-parity .
Hanwha SolarOne is moving fast to become a global leader in the solar industry, delivering complete solar solutions for all.
Hanwha SolarOne is a leading provider of global energy solutions, optimized to meet the demands of the 21st century energy customer. From quality crystalline silicon, solar module assembly, as well as project development and financing, Hanwha SolarOne offers a fully integrated solution. This means tangible value for our customers:
- Control of the supply chain means we can deliver the highest quality products, at very competitive prices;
- Our vast resources mean investment in technologies that optimize product performance and reliability;
- Our project development, engineering, and financing expertise means we’re positioned to deliver a faster time to revenue.
Long-term commitments are important to us and we support our modules with a 25-year warranty and prompt post-sale service. In addition, our modules are certified by TÜV, CE, UL, and CEC, demonstrating our products' quality and safety. We are committed to industry sustainability and are a member of the PV Cycle end-of-life product recycling program.
Led by a strong international management team, Hanwha SolarOne has grown into a leading global player in the photovoltaic industry, with our own brand name products, as well as contract manufacturing solutions.
Hanwha Group is one of Korea’s top ten enterprises. Six of its 56 affiliates are publicly traded, including Hanwha Chemical Corporation and Korea Life Insurance, the second-largest insurance company in Korea.
In 2010, Hanwha Group achieved total assets of approximately USD83 billion and total sales of approximately USD 27 billion. Originally established in 1952 as an industrial explosives manufacturer, Hanwha Group has actively expanded its business scope through both organic growth and corporate acquisitions. Hanwha Group is currently engaged in three core business areas: manufacturing/construction, finance and service/leisure.
The Hanwha Finance Network is divided into asset management, securities and insurance capabilities and comprised 55% of Hanwha Group’s total revenue in 2010. This financial powerhouse, backed by Korea Life Insurance, the second largest insurer in Korea, will act as the backbone in providing financial solutions for PV projects.
As a top Korean business enterprise, ranked 358th in the 2010 Fortune 500 and with a 60-year history, Hanwha Group has the stability and reliability to provide long term warranty to our customers.
In its continuing drive to evolve into an industry leading company, Hanwha Group identified solar energy as the key growth engine and promising power source for the future.
As a result, the Hanwha Group has established an ambitious strategy to become a top global PV player by 2020.
One initial leap towards this goal was the acquisition of Solarfun Power Holdings Co., Ltd., now Hanwha SolarOne Co., Ltd., in 2010.
Hanwha SolarOne Co., Ltd. has become the flagship of the Hanwha Solar Network, a close cooperation of Hanwha affiliates throughout the PV value chain - from the production of polysilicon to project development and financing services.
The Solar Network partners collaborate to eliminate any inefficiencies, securing an advantageous cost structure and world class quality of our products. Additionally, the companywide branding and R&D efforts provide invaluable synergy benefits.
We are committed to offering our customers innovative and reliable products with the ultimate goal of providing complete customer service satisfaction.
Hanwha SolarOne provides the world with a truly alternative source of energy through a fully-integrated solar business model.
Our vision is to become a global leader in the solar industry by 2020, Offering distinctive and innovative solutions for enhanced customer satisfaction and confidence.
Company core value : Challenge / Dedication / Integrity
Challenge : Becoming the best through change and innovation
“Challenge is achieving objectives through continuous self-improvement, strong self-confidence and the highest expertise in the field with an open and creative mind.”
- Becoming the best in each respective field through aggressive self-development
- Continuously searching for new ideas and opportunities through open and creative mindset
- Achieve objectives through strong confidence
We will maintain an open mindset and communication channel to maximize creativity that leads to innovative solutions and ideas. In addition, on top of expertise and confidence, we will emphasize passion that will lead to the achievement of our defiant objectives.
Challenge represents the consistent will for change and improvisation for the surrounding volatile environment. The increasingly fierce global market environment calls for a more aggressive challenge amongst its members to achieve objectives.
Dedication : value the relations to the utmost with our company, clients and customers and exert our best for the greater goal.
“Dedication is achieved through aligning each individual goal with the corporate goal. This means that each member put the long-term common goal first to achieve the corporate goal and vision.”
- Prioritize our common goal as an organization
- Value our relations with customers and consistently develop customer value
- We share a common goal based on the trust of the potentials of our members
Dedication is putting the common goal of the team, company and the group before our personal objectives. Since the achievement of the common goal is directly linked to the personal growth and profit of each member, dedication is the virtue that will bring success as a whole.
The company and our members form a great organization based on understanding and joy of achieving the common goal.
Therefore, the company not only looks at the short-term achievements but also the long-term prospects of its members. In this process the company has the responsibility to allocate each member to the adequate positions based on each respective expertise.
We walk side by side with our customers, where the virtue of dedication is put to light. We value the relations with our customers, where we value our long-term partnership above short-term profits in this relationship.
Therefore, all Hanwha members must prioritize and bear the importance of this value in conducting everyday business.
Integrity : Live and act by impartiality and pride.
“Integrity is living by a set principle and respect based on transparency and impartiality.”
- Act upon the principle of honesty above short-term profits
- Respect each member based on transparency and impartiality
The main focus is in the impediment of short-term profits. We should strive for a more long-term value and not be mislead to personal profits. All members of Hanwha SolarOne should act upon the virtue of honesty and abide by all stipulated regulations such as the law, corporate regulation, ethics code and management philosophy.
We should refrain from any personal agenda and respect our members based on transparency and impartiality.
Hanwha SolarOne Co., Ltd. is revamping the solar value chain by leveraging the experience and expertise of Hanwha Chemical and the former Solarfun Power Holdings. This provides us with unparalleled resources to deliver superior, top-quality value to our customers.
- A completely integrated supply chain with economies of scale, ensuring cost-competitive modules of enduring quality
- Global scale, local service – Professionals located throughout North America, Europe, Australia and Asia
- The world’s largest photovoltaic OEM supplier, meeting the most stringent quality requirements
- Strong partners and global customer base
- Highly bankable – Extensive portfolio of reference projects
- Focused R&D initiatives, innovative PV technologies and methodologies
- Creation of synergies throughout the “Hanwha Solar Network”, from the production of polysilicon to financial services
- Backed by Hanwha Group, one of Korea’s largest enterprises, and their vision to become a top global PV player