The Chinese solar PV manufacturer gives warning of operational losses amounting up to $444 million in 2017. Ongoing financial losses could result in a delisting from the Shanghai Stock Exchange.
The Dichpally solar plant in the state of Telangana, commissioned ahead of schedule, is the largest joint-venture project between Hareon Solar Technology and ReNew Power Ventures in India.
Hareon Solar Technology has reported a net loss of CNY 501.5 million ($76.07 million) in the first half of 2017.
The Chinese solar and PV cell manufacturer and India’s largest independent solar power company are looking to invest in a large-scale solar power project in the Indian state of Telangana.
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