Hanergy’s $1bn HanTile announcement has turned out to be a typo

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For the more eagle-eyed pv magazine readers perusing the press releases section of our website, it appeared to be the biggest agreement signed at Intersolar Europe by far, a barnstorming mega-deal that confirmed the arrival of the HanTile on the building-integrated PV market.

About three-quarters of the way down a press release sent to pv magazine last Wednesday, Chinese thin-film manufacturer Hanergy made the stunning announcement it had signed a $1 billion supply deal for its HanTile solar roofing product. Was it a typo? No, there it was again, in a quote attributed to Lv Yuan, VP of overseas sales for Hanergy, lauding a “US$1 billion contract”.

And the recipient with pockets deep enough to place such a blockbusting order? Swedish rooftop solutions provider Sun Lion Solar Ltd.

It seemed unlikely, so pv magazine got on the case but Hanergy told us the client did not want to reveal further details, such as exactly how many HanTiles $1 billion will buy. Unable to track down a contact at Sun Lion Solar we persisted with our enquiries and Hanergy has now confirmed, eight days later, the release contained an error. The contract referred to is a $1 million deal.

Which still makes for a sizable order of a product Hanergy has high hopes for around the world. However, the order of magnitude mistake begs the question how many other typos have crept into the public announcements made by a company which, for instance, has been silent since February on its plans for Saudi Arabia, after announcing plans for a “$1 billion-plus”, 1 GW thin film industrial park in the kingdom?