S.A.G. Solarstrom AG to Implement Roof-Top Pipeline in Italy with Hanwha Group

S.A.G. Solarstrom AG announced that it has agreed to work together with Hanwha Europe GmbH, Hanwha SolarOne Ltd. and Hanwha SolarEnergy Corp. on the implementation of various roof-top projects with a total output of 20 MWp. The roof-top systems are to be installed on behalf of a joint venture company, in which the Hanwha Group will hold a share of 85% and S.A.G. Solarstrom AG 15%, on various industrial roof-tops, mainly in Northern Italy, by the end of June 2012. Modules from Hanwha SolarOne Ltd will be used. The project has a total investment volume of over EUR 40 million. The agreement also includes an option for the construction of further roof-top projects of up to 20 MWp, which are still to be developed.