The World's #1 Renewable Energy Network for News, Information, and Companies.

Strategic Investor Hanwha Group Pours $30M More into OneRoof Energy

Strategic Investor Hanwha Group Pours $30M More into OneRoof Energy

OneRoof Energy announced today that South Korea's Hanwha Group invested an additional $30 million in its company to help OneRoof expand into new markets, develop new proprietary technologies and strengthen dealer support. Hanwha Group was among the first investors of OneRoof Energy's Series A funding in 2011.

OneRoof is a solar leasing company that allows homeowners to go solar at little or no upfront cost. The company installs, maintains and owns the entire solar system and sells the power it generates back to the homeowners, who realize a 5-25 percent savings over their utility bills, according to the company.  

“Since the closing of our first fund in September 2011, OneRoof Energy has signed solar agreements totaling over $100 million. This year we are projecting sales of more than $300 million of solar electric financing," said CEO David Field in a statement. 

Hanwha, owner of solar-panel manufacturer Hanwha SolarOne Co., took an $8 million stake in OneRoof in 2011 and has continued to invest in the company over the past year. Hanwha is one of the largest business enterprises in South Korea and a FORTUNE Global 500 company, according to the company. Commenting on the deal, Hanwha International CEO Simon Lee said, “Hanwha's benchmark investment in 2011, combined with additional investments since that time, demonstrates our full confidence in the significant growth potential of OneRoof Energy’s business model. OneRoof Energy is on course to become one of the nation's premier solar finance companies.”

David Field, CEO of OneRoof Energy is one of the keynote speakers at next month's Solar POWER-GEN conference. In addition, Field will be participating on a panel on the second day of the show that specifically addresses strategic investing in the solar industry. Hanwha Solar's Henry Yun will also be participating on the panel. Click here for more information or to register for the show.


Green microphone podcast

Listen Up: Does Solar Increase the Value of my House?

The Energy Show on Renewable Energy World I bet you don’t know that there is a home improvement investment that you can make that will increase the value of your house more than the investment cost. It’s not remodeling your bathroom (2 percent return). It’s not la...
Thumbs up

Even Solar Haters Are Loving SunEdison's Power Plant Strategy

Christopher Martin, Bloomberg

SunEdison Inc.’s focus on developing renewable energy plants worldwide, rather than the panels that make them work, has won over one of the industry’s top critics.

Clock sky

German Utility's Race for Renewables Seen as Too Little, Too Late

Tino Andresen, Bloomberg

RWE AG, the German utility whose coal-fired plants make it Europe’s largest carbon emitter, officially started the company’s largest renewables project on Thursday: a wind farm in Liverpool Bay off Britain’s coast.

money pile

Deeper Capital Markets for Renewable Energy

Tomas Gardfors and Ann Vesely, Norton Rose Fulbright Following the global financial crisis, a more diversified funding market is developing in Europe. Institutional investors are helping to fill the funding gap left by the contraction in bank lending in the wake of the crisi...


Volume 18, Issue 3


To register for our free
e-Newsletters, subscribe today:



SAP for Utilities

The SAP for Utilities conference is the most comprehensive SAP for Utili...

Training: Preparing for Rule 21 - SPI 2015

What: Rule 21 Training When: September 16th @ 4:30-5:30pm Wher...

Training: NEC 2014, AFDI, & Rapid Shutdown - SPI 2015

What: NEC 2014, AFDI, & Rapid Shutdown When: September 15t...


8 Bad Habits Of Communication

Effective communication is essential in building rapport and closing sal...

Powerpoint Or Stream Of Consciousness

Before you create a presentation, you have to ask yourself, “What ...

The Almost There Markets: Just Give ‘Em Some Time

Earlier this year, we reported on recent legalization of third party fin...


Tweet the Editors! @megcichon @jennrunyon


Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now