Hareon seals 930 MW solar deal with United PV Group

Share

China-listed PV company Hareon announced yesterday that it had signed an investment framework agreement with United PV Group for the construction of dozens of PV power stations with a total capacity of 930 MW.

The whole deal is valued at around RMB 8.8 billion ($1.42 billion) and will take many years to complete.

According to the statement of the agreement and attached projects’ list, Hareon will commence the construction of three solar stations located in west China from a long list that consists of places from province level to county level, which probably indicate that the projects includes both ground-mount installations and distributed PV projects. This has not yet been confirmed by either Hareon or United PV Group, however.

In February, Hareon was investigated by China's Securities Regulatory Commission due to its Illegal information disclosure, and is now facing delisting. The company also posted a financial deficit for the fiscal year of 2014, so this large deal may help Hareon achieve better quarterly and annual reports for 2015.

United PV Group is a listed company on the Hong Kong stock market and is a subsidiary of China Merchants New Energy Group, which is seeking opportunities in the PV industry.

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

Longi introduces 665 W HPBC photovoltaic modules

11 October 2024 The Chinese PV manufacturer said its new module series has a power conversion efficiency of up to 24.8% and temperature coefficient is -0.26% per C.

Share

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Your email address will not be published.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.