Hareon Solar Technology investing in its PV business operations

Share

It was a pivotal move for Hareon Solar in February, when it entered into an agreement so that United PV withdrew its $90 million claim against the company. Now it is looking to start moving back in the right direction with news of a 51 million yuan (US$7.65) investment in two new sub-units.

The two new units will be set up in Jilin and Anhui, one will be involved in the company’s PV power generation business and another will be involved in Hareon’s construction and consultancy business. The company will invest 50 million yuan in one of the new units, and 1 million yuan in the other.

It has been a quiet few months for Hareon since February of this year when the company entered into a tripartite agreement with United PV and a Hong Kong investment firm, which saw United PV drop its $90 million claim against the company. That deal was pivotal for the survival of the Chinese firm, which had been expanding its reach into India’s solar market last year.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Share

Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.