Hareon Solar Technology invests in new PV business

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Source: Flickr/Boris van Hoytema

Chinese solar cell and module manufacturer Hareon Solar Technology is bouncing back after its US$90 million lawsuit last year with new investment in its PV business and a new partnership.

The Jiangsu-headquartered company has announced plans to invest CNY1 million (US$150,000) and CNY50 million (US$7.5 million) respectively into two sub-units in Jilin and Anhui. According to Hareon, one unit will be responsible for PV power generation ventures and the other will be concentrated on construction and consultancy.

Also this week, Hareon won a land auction for CNY195.9 million in Liaoning province and signed sales contracts with India’s ReNew Mega Solar for up to CNY170 million and CNY500 million, respectively. 

Hareon Solar has recently signed an MOU with partners to build and operate a 160MW cell and module plant in Morocco with a total investment of around US$114 million. 

Read Next

January 21, 2022
India is at risk of a supply and demand mismatch for solar equipment if domestic PV manufacturers are unable to meet the quantity and quality required by project developers, Fitch Solutions has warned.
January 20, 2022
Distributed PV installations in China topped 29GW last year, contributing more than half of total solar installations in the country for the first time.
January 17, 2022
Solar module manufacturer Seraphim has launched its new S5 series of high-efficiency PV modules with a maximum power output of up to 670W and an efficiency of 21.57%.
January 13, 2022
Reliance Industries has signed a Memorandum of Understanding (MoU) with the government of Gujarat for a total investment of INR5.955 lakh crore (US$80 billion) over 10-15 years to establish 100GW of renewables and set up green technology manufacturing facilities in the state.
January 13, 2022
Finlay Colville, head of market research at Solar Media, reveals the top ten PV module suppliers last year in the first of a two-part blog, exploring not just shipment volumes but also the overall supplier bankability.
January 10, 2022
Indian renewables company ReNew Energy Global Plc’s wholly owned subsidiary India Clean Energy Holdings has raised US$400 million through a green bond sale that will be used to support the company’s growth strategy and “refinance existing high-cost debt”.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
January 26, 2022
Free Webinar
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 8, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal