- Industry Roundup
- Fab & Facilities
- Cell Processing
- Thin Film
- PV Modules
- Power Generation
PV thin film equipment and module producer Hanergy Thin Film Power Group (Hanergy TF) said in reporting first half 2015 financial results that it would be restructuring its operations with the loss of around 2,000 jobs, 37% of its workforce of 5,458 at the end of the reporting period.
Hanergy Thin Film Power has issued a profit warning for its first half 2015 results as its primary customer, Hanergy Group, recently cancelled a major connected transaction to appease a Hong Kong stock market investigation into Hanergy TF’s viability when the majority of a sales go through its privately held parent company.
Laser systems specialist LPKF Laser & Electronics expects lean new order bookings in its Solar segment for the remaining half of 2015.
Swiss/Hungarian silicon thin-film equipment and technology firm Ecosolifer has been reported to be planning an 80MW module assembly plant in Brazil, using its proprietary amorphous silicon deposition technology on monocrystalline wafers produced at its plant in Csorna, Hungary.
Hanergy Thin Film Power has refused to share details of parent company Hanergy’s accounts with the Hong Kong Stock Exchange (HKEX), according to a report by Reuters.
Thin-film manufacturing equipment specialist Hanergy Thin Film Power has cancelled a recent 900MW a-Si turnkey production plant with parent company, Hanergy Holding.
A total of 6.4GW of new manufacturing capacity announcements, across thin film, crystalline silicon solar cell and PV module assembly were made in May 2015, a new record high in more than four years, according to PV Tech’s initial analysis.
Thin-film manufacturing equipment specialist Hanergy Thin Film Power has signed a new supply deal with parent company Hanergy Holding for a 900MW a-Si turnkey production plant for thin-film modules to be used for BIPV and BAPV applications.
Hanergy Thin Film Power (Hanergy TF) remained highly dependent on parent company Hanergy Holding Group for revenue in 2014, gaining revenue for the sales of a small number of PV plants and limited revenue from thin-film sales to IKEA that were outside group transactions.
China-based Hanergy Thin Film Power Group has been forced to repay HK$1,262,629,000 (US$162.8 million) to its parent company, Hanergy Holding on failure to meet 2013 a-Si thin-film module supply contracts for downstream PV power plant projects.
Hanergy Thin Film Power Group’s thin-film equipment manufacturing subsidiary, Fujian Apollo, has won a further two thin-film equipment and plant service deals totalling US$1.82 billion.
Laser equipment specialist LPKF reported strong sales to the solar industry in 2014, despite limited capital spending in the sector.
Updated: Hanergy Thin Film Power Group’s thin-film equipment manufacturing subsidiary, Fujian Apollo, has won an order valued at US$660 million to supply 600MW of tools and plant operations to Shangdong Macrolink New Resources Technology Ltd.
Hanergy Thin Film Power (HTF) has revealed for the first time the planned thin-film product supply deals signed with Hanergy Group through 2017 for its downstream project business plans.
Both the Wall Street Journal (WSJ) and the Financial Times (FT) have recently attempted to delve into the financial and business operations of the Hanergy group of companies with mixed success.