Hanwha SolarOne GmbHCorporate Overview April 2012

2

Reliable Partner

• Supported by the Hanwha Group• Strong balance sheet• Cost structure

Committed Partner

• Quality • Warranty terms

Professional Partner

• Technology development

Proven Partner

• Quality certificates• References, bankability

Flexible Partner

• Business model• Portfolio

Trusted Partner

• Long-term partnerships

3

Hanwha Solar

• 7th largest PV module manufacturer 2011 • Close to 2,5 GW modules installed worldwide

600,000 m2 (150 acres) manufacturing and R&D facilities in Qidong City, Jiangsu Province, 1 hour from Shanghai

4

Hanwha Solar – module capacities

• Vertically integrated production

• Module manufacturing capacity (2012): 1,5 GW

• Manufacturing site: Qidong, near Shanghai, China

• Employees: More than 11,000 worldwide

5

Global Reach – Local Presence

6

Reliable Partner

• Hanwha is among the largest companies worldwide

- ranked 321 on the 2011 Global Fortune 500 list

• 60 Year history in international business

7

Backed by the Hanwha Group

Revenue 2010: USD 26,054 Mill.

Stable Development

Module Shipment, 2007 – 2011 (2012 E)

Guidance

(MW

)

2004

2005

2006

2007

2008

2009

2010

2011

2012

1 2 3 4 5 6

9

Leading Cost Structure

Cost targets and measures

10

Committed Partner

11

Committed to solar

Hanwha has identified solar as a growth engine for the future- Target: becoming a leading solar company within this decade

Charles KimPresident

Ki-Joon Hong

Head of Advisory Board

Pres. And CEO of Hanwha

Chemical

Jay SeoCFO

DK KimCSO

Tai Seng PNG

COO

Bruce Ludemann

VP Sales

N. America

Paul Combs

VP Investor

Relations

Mohan Narayanan

VP Technology

Justin Lee

CCO

Andreas Liebheit

VP Sales EMEA

Chris

Ebersbacher

CTO

12

Committed to Quality

Mechanical Load Environmental ChambersEL Tester Flash tester

Background as World‘s largest OEM manufacturer, specialized on

serving European high-quality brands

• Korean quality management system• Extensive testing procedures exceeding TÜV requirements• State of the art testing laboratory• All key processes based on European equipment• 3rd party audits• R&D investments through three R&D Centres (Korea, USA, China)

Cells

• 100% visual inspection at each step• Sorting into tight power classes by current and efficiency• 180~200 µm cell thickness with cell breakage consistently below 0.5%

Diffusion Etching Printing Flashing Sorting

Quality - manufacturing

13

Modules

• Every module undergoes EL, Hi-Pot and Flash tests• 100% visual inspection at each step• Every module tested via a calibrated solar simulator

Cell Soldering Lay-Up Lamination Framing Testing

14

Industry leading 12 year product warranty andlinear 25 year performance warranty

Guaranteed Quality

80

82

84

86

88

90

92

94

96

98

100

0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25

Hanwha Solar - 12 yrs

Hanwha Solar mono - 12 yrs

82%

96%

97%

15

Professional Partner

16

Technology Development – short term

PV Technology Plan

International Product Performance

and Safety Certifications

International Product Performance

and Safety Certifications

Environmentally

Responsible

Manufacturing

Environmentally

Responsible

ManufacturingInternational Quality

Manufacturing

International Quality

Manufacturing

Certified Quality

Product Certification

nameIEC 61730 IEC 61215 MCS CE UL 1703

17

For challenging environments:

• Ammonia Corrosion, Fire Resistance Certificate

• Salt Mist Corrosion test certificate based on the IEC 61701 standard

Verified Performance – PTC Ratings

Source: www.gosolarcalifornia.org (3/6/2011)

www.gosolarcalifornia.ca.gov/equipment/pv_modules.php

The PTC rating is performed by the governmental Californian testing institute on a neutral basis.

The PTC rating, which is lower than the STC rating, is generally recognized as a more realistic measure of PV output because the test conditions better reflect "real-world" solar and climatic conditions, compared to the STC rating.

18

200 205 210 215 220

Scheuten

CEEG

Solarworld

Solon

Jinko

Yingli

Trina

Q-Cells

Hanwha SolarOne

Suntech

Schüco USA

Conergy

Canadian Solar

P235

195 200 205 210 215

LDK

Scheuten

Aleo Solar

CEEG

Solarworld

Solon

Jinko

Yingli

Trina

Q-Cells

Hanwha SolarOne

Conergy

Suntech

Canadian Solar

Schüco USA

P230

240 245 250 255 260

CEEG

LDK

Canadian Solar

Solon

Jinko

Yingli

Hanwha SolarOne

Trina

Suntech

P280

&

Verified Performance – Customer measurement

20

Reference Projects

Our reliability is proven by our results. 1. Fliegerhorst Oldenburg

Operator/Installer: IFE EriksenLocation: Oldenburg, GermanyCompletion Date: December 2011Rated System Power:13,9 MW

2. Youngju PV Planet

Operator/Installer: Taihan Techren Co.LtLocation: Youngju City, South KoreaCompletion Date: October 2009Rated System Power: 2 MW

3. Xuzhou Xiexin Power Generation Station

Operator/Installer: GCLLocation: Xuzhou Jiangsu Province, ChinaCompletion Date: December 2009Rated System Power: 3,9 MW

4. FVE Malesovice

Operator/Installer: Nobility Project a.s.Location: Malesovice, Czech RepublicCompletion Date: December 2009Rated System Power: 3,9 MW

5. Arnedo

Operator/Installer: Isolux IngenieriaLocation: Arnedo, SpainCompletion Date: August 2008Rated System Power: 33,6 MW

6. Rovigo

Operatior/Installer: SunEdisonLocation: Rovigo, ItalyCompletion Date: November 2010Rated System Power: 30MW (total 70 MW)

PV Projects with Hanwha SolarOne modules (financed 2007 – 2010)

Country Bank

DKB

Deutsche Bank

LBBW

HSH

Ge

rma

ny

Umweltbank

Commerz Real

Deutsche Bank

DKB Leasing

Hypo Vereinsbank / UniCredit

Sparkasse Niederbayern-Straubing

Sparkasse Köln Bonn

Sparkasse Main

Bayrische Landesbank / Realis

Bremer Landesbank

Saarländische Landesbank

Volks- und Raiffeisenbanken

Country Bank

Italy

Banca Intesa

Intesa Sanpaolo MCI

Intesa Sanpaolo SpA

Leasint (Intesa Sanpaolo Group)

Banca Infrastrutture Innovazione e Sviluppo

Centrobanca

Ferma

Monte Dei Paschi di Siena

Unicredit Leasing (Unicredit Group)

Banco di Brescia SpA

Banco Popolare di Lavoro

Banca Popolare di Milano

Banco Popolare di Verona

Banca Popolare di Vicenza

Creval

Gruppo UBI Banca

UBI Leasing

MPS Leasing

Unicredit21

22

Flexible Partner

Hanwha added its first PV plant - featuring modules from Hanwha SolarOne - to its portfolio in August 2010.

EPC: Solibra GmbH

Hanwha-owned Project

6 MW, Northern Italy, Hanwha Europe GmbH

23

Broad Portfolio

Commercial

& Utility

Residential

Black Diamond

SF260 SF220

SF190

Greenhouse24

SF 160

25

SF160 SF190 SF220 SF260

Mono x-traMono x-tra Black Diamond

Poly Poly Poly

Maximum Power 170-195 Wp 195-220 Wp 225-250 Wp 270-295 Wp

Number of cells 6 x 12 (5‘‘) 6 x 9 (6‘‘) 6 x 10 (6‘‘) 6 x 12 (6‘‘)

Dimensions 1580 x 808 =1,277 qm

1494 x 1000 =1,494 qm

1652 x 1000 =1,652 qm

1966 x 1000 = 1,966 qm

Module Efficiency 13,3 - 15,3 % 13,1 - 14,7 % 13,6 - 15,1 % 13,7 - 15,0 %

Key Module Data

• 12 year product warranty, 25 year linear performance warranty

• Positive tolerance (0 +5) for ensured output reliability

• Antireflective glass surface for maximum light absorption

Greenhouse Module

26

SF 160

Mono

Maximum Power 195 Wp

Number of cells 6 x 12

Dimensions 1650 x 828 =1,36 qm

Module Efficiency 15,3%

27

Trusted Partner

• Proven technology and performance

• Strong OEM background, specialized on high quality brands

• Unique constellation of solid Korean backbone/Chinese production base

• Industry-leading warranty terms

• Broad portfolio, including solutions for special applications

• Local contact persons for all issues, including after sales

Hanwha Solar is looking for long-term cooperations.

Win-win situations form the basis of our partnerships.

28

HANWHA ACQUIRES Q CELLS September 2012

29

Trusted Partner