To achieve their aim, the two parties have established a joint venture company. Hanwha Group, including Hanwha Europe GmbH, Hanwha SolarOne Ltd. and Hanwha SolarEnergy Corp., will own 85 percent, and S.A.G. Solarstrom 15 percent.
The photovoltaic systems, worth a total of over 40 million, will be installed on industrial rooftops, mainly in Northern Italy, by the end of this June. Construction, meanwhile, is scheduled to begin as soon as possible, and Hanwha will supply the necessary modules.
A spokesperson for S.A.G. Solarstrom additionally told pv magazine that the systems will be between 500 kilowatts peak and one MWp in size.
In a statement, the company added, "The agreement also includes an option for the construction of further roof-top [sic] projects of up to 20 MWp, which are still to be developed."