Hanwha SolarOne

Korean solar company Hanwha SolarOne has raised USD100 million in three-year bonds, in another cash-raising exercise. It follows getting a USD475 million credit agreement with the Bank of Beijing last month, as questions must be raised over the health of the company's operating cash flow. It has been on a acquisition trail recently, including winning the takeover battle for control over Q-Cells late last year.

South Korea’s Hanwha Group has officially launched Hanwha Q.CELLS, marking the completion of its acquisition of the German company in late August. It has also announced the appointment Charles Kim, who joins the company from  Hanwha SolarOne, as the CEO of Hanwha Q.CELLS.

After much media speculation that South Korean conglomerate, Hanwha Group had been in negotiations to acquire PV manufacturer, Q-Cells a deal appeared to have been struck. according to a brief statement issued late Sunday evening.

South Korea's Hanwha Chemical, the parent of Hanwha SolarOne, is tipped to complete a takeover of German solar cell maker Q-Cells this week.

South Korea’s Hanwha Group plans to start selling energy storage systems from Silent Power Inc with solar panels from its Hanwha SolarOne subsidiary in September. Hanwha has invested USD8 million in US-based Silent Power.