Hanergy completes payments to solar subsidiary



Chinese thin-film manufacturer Hanergy Solar has confirmed that it has now received all due payments from its parent company Hanergy Group.

In a statement to the Hong Kong stock exchange, the company said it had received HK$304.6 million (US$39.3 million) during February, in line with the payment schedule set out last year.

The company has plans to build a 3GW capacity CIGS thin-film manufacturing centre. The first phase would have two separate lines, each with a nameplate capacity of 600MW.

Earlier this month Hanergy Solar bought its UK subsidiary for a nominal fee of HK$1 as part of ongoing efforts to consolidate its PV operations.

Hanergy UK has secured a deal with international furniture retailer IKEA to sell the company’s solar modules in store.

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