Shanghai, July 24, 2017: Hareon Solar Technology Company Limited (SSE: 600401) announced today that Armona Union School District solar project ("Armona Project"), developed, constructed, owned and operated solely by Hareon Solar USA Corp., successfully passed commissioning test by State of California Department of State Architect (DSA) and Southern California Edison, received official Permission-To-Operate (PTO), formally interconnected with the grid of Southern California Edison and entered into full commercial operation.
Armona project is located in the city of Armona, California, approximately 200 miles north of Los Angeles. It has a designed capacity of 549kW, and is built with steel carport structure. Throughout its design and construction, being a government project, it was under continuous inspection of DSA of State of California. Project used exclusively Hareon-branded high-efficiency solar panels.
All electricity generated by the Project is being purchased by the Armona Union School District under a 25-year Power Purchase Agreement (PPA) with an option to extend for an additional 5-year. Armona Union School District is a subdivision of the State of California and its most recent credit rating is Aaa (Moody’s).
Speaking on the occasion, Dr. Jie Zhang, Group VP of Hareon Solar and CEO of Hareon International said: "Hareon Solar has engaged in solar project development, construction, financing, and investment in 8 different countries outside of China, with project size ranging from 0.5MW Distributed Generation (DG) project to 172MW utility scale project. The successful completion of the Armona Project demonstrated our team’s comprehensive capability in DG market while effectively controlling various technical, financial, and policy risks. It laid a solid foundation for Hareon to further increase its market share and revenue stream from developed countries. "
Nathan Dai, Sr. Director of Hareon Solar in charge of Armona project added: "Hareon team excels on strategy and execution when approaching distributed generation (DG) project market. We not only meet or exceed all stringent government project requirements we encountered, but also proactively support the needs of local communities when we conduct our business. In this case for example, our DSA approved special steel support goes 12 feet underground with reinforced steel concrete foundation against ground erosion, earthquake, and other risk factors, and we designed in special features to enable student, staff, and local families to utilize the system as space for outdoor activities."