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Hanergy
Hanergy Holding Group Ltd. (Hanergy) is a Chinese multinational company headquartered in Beijing. The company is focusing on thin-film solar value chain, including manufacturing and solar parks development. It also owns the Jinanqiao Hydroelectric Power Station and two wind farms. Hanergy is founded and controlled by Li Hejun.
Hanergy was founded in September 1989 by Li Hejun, under the name Yuancheng Pulisen Investment Co., Ltd. It changed its name to Hetaihe Economic and Trade Development Co., Ltd. and then Huarui Group, before settling on Hanergy Holding Group in August 2008.[citation needed]
After its founding in 1989, Hanergy was involved in an electronic components business. In 2000, it started the development of the Guangdong Mujing Hydroelectric Power Station, which has an installed capacity of 30 MW and an average annual power production of 107.66 GWh. The company also obtained concessions to build nine more hydroelectric power stations in Yunnan province, but was able to keep control only over the Jinanqiao Hydroelectric Power Station. In 2003, Hanergy marked its entry into wind power with the construction of the Ningxia Helanshan Wind Farm. This was followed by the development of the Jiangsu Rudong Wind Farm in 2006.[citation needed]
In 2009, Hanergy shifted its focus to the thin-film solar industry. It opened its research and development center in Beijing. In 2010, it acquired a controlling stake in the Hong Kong listed Apollo Solar Energy Technology Holdings Ltd., which in 2012, after merging with Hanergy New Energy Research and Development, was renamed Hanergy Solar Group, Ltd. and later Hanergy Thin Film Power Group, Ltd. In 2012, Hanergy acquired glass-based copper indium gallium selenide solar cells thin-film modules manufacturer Solibro from Q-Cells and a copper indium gallium selenide solar cells and cell manufacturing equipment manufacturer MiaSolé. In 2013, it acquired copper indium gallium selenide photovoltaic modules manufacturer Global Solar Energy. In 2014, it acquired a gallium arsenide photovoltaic manufacturer Alta Devices. In 2015, Hanergy established Solibro Hi-Tech GmbH and Solibro Research AB but disposed of its shareholding in Solibro GmbH, which applied for insolvency in 2019.
In September 2012, Hanergy reached an agreement with IKEA to distribute copper indium gallium selenide solar small-scale rooftop photovoltaic systems ("residential kits") in the United Kingdom., expanding into the Netherlands and Switzerland in the following two years. However, in November 2015, IKEA announced that it would no longer be partnering with Hanergy on the project.
In March 2013, Hanergy entered into a photovoltaic energy management contract with FAW-Volkswagen to install rooftop photovoltaic power stations on their plant in Foshan, Guangdong. In April 2014, Hanergy partnered with Tesla to provide thin-film solar technology to power their solar-powered charging stations in Beijing and Shanghai. In June 2014, Hanergy signed a partnership agreement with Aston Martin Racing to use solar power to improve racecar performance at the FIA World Endurance Championship. At the same month, Hanergy signed an agreement to become the official solar energy partner of the Beijing ePrix for the FIA Formula E Championship. In January 2015, Hanergy announced a photovoltaic energy management cooperation with Guangqi Honda to install 17 MW of distributed PV on the rooftops of existing and future factories in Guangzhou, Guangdong.
On May 19, 2015, Hanergy Thin Film Power shares were suspended at the Hong Kong Exchange after crashing by 47%. On May 28, Hong Kong's market regulatory body, the Securities and Futures Commission announced an investigation into the company. On July 15, 2015, the Securities and Futures Commission ordered the suspension of all Hanergy Thin Film Power's shares, a move that prevented the firm from relisting on its own will. On October 23, 2018, Hanergy announced a plan to privatize and relist Hanergy Thin Film Power on the Chinese mainland. Hanergy Thin Film Power was delisted from the Hong Kong stock exchange on June 11, 2019. The Beijing Third Intermediate People's Court has confirmed that Hanergy Thin Film Power should sell its 40.48% and 10.88% mortgaged holdings in the Jinanqiao Hydroelectric Power Station. Its main shareholder, another Hanergy's company Hanergy Mobile Energy Holding Group has confirmed that it will bid for these shares.
In November 2015, Hanergy partnered with Dutch football team AZ Alkmaar to provide the club's stadium with solar panels. As part of the deal, Hanergy installed 1,725 panels on the roof of Alkmaar's AFAS Stadion. In May 2017, Hanergy cooperated with leading bike-sharing company, Mobike, to install solar modules to provide the electricity for their smart lock and GPS system. Other than Mobike, Hanergy also signed similar partnerships with MTbike and 99 Bicycle. In December 2017, Hanergy signed a strategic cooperation agreement with Beijing Electric Vehicle (BAIC BJEV) to install thin-film modules on the roofs of vehicles to provide auxiliary power and on electric vehicle charging stations to offer smart battery charging.
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Hanergy
Hanergy Holding Group Ltd. (Hanergy) is a Chinese multinational company headquartered in Beijing. The company is focusing on thin-film solar value chain, including manufacturing and solar parks development. It also owns the Jinanqiao Hydroelectric Power Station and two wind farms. Hanergy is founded and controlled by Li Hejun.
Hanergy was founded in September 1989 by Li Hejun, under the name Yuancheng Pulisen Investment Co., Ltd. It changed its name to Hetaihe Economic and Trade Development Co., Ltd. and then Huarui Group, before settling on Hanergy Holding Group in August 2008.[citation needed]
After its founding in 1989, Hanergy was involved in an electronic components business. In 2000, it started the development of the Guangdong Mujing Hydroelectric Power Station, which has an installed capacity of 30 MW and an average annual power production of 107.66 GWh. The company also obtained concessions to build nine more hydroelectric power stations in Yunnan province, but was able to keep control only over the Jinanqiao Hydroelectric Power Station. In 2003, Hanergy marked its entry into wind power with the construction of the Ningxia Helanshan Wind Farm. This was followed by the development of the Jiangsu Rudong Wind Farm in 2006.[citation needed]
In 2009, Hanergy shifted its focus to the thin-film solar industry. It opened its research and development center in Beijing. In 2010, it acquired a controlling stake in the Hong Kong listed Apollo Solar Energy Technology Holdings Ltd., which in 2012, after merging with Hanergy New Energy Research and Development, was renamed Hanergy Solar Group, Ltd. and later Hanergy Thin Film Power Group, Ltd. In 2012, Hanergy acquired glass-based copper indium gallium selenide solar cells thin-film modules manufacturer Solibro from Q-Cells and a copper indium gallium selenide solar cells and cell manufacturing equipment manufacturer MiaSolé. In 2013, it acquired copper indium gallium selenide photovoltaic modules manufacturer Global Solar Energy. In 2014, it acquired a gallium arsenide photovoltaic manufacturer Alta Devices. In 2015, Hanergy established Solibro Hi-Tech GmbH and Solibro Research AB but disposed of its shareholding in Solibro GmbH, which applied for insolvency in 2019.
In September 2012, Hanergy reached an agreement with IKEA to distribute copper indium gallium selenide solar small-scale rooftop photovoltaic systems ("residential kits") in the United Kingdom., expanding into the Netherlands and Switzerland in the following two years. However, in November 2015, IKEA announced that it would no longer be partnering with Hanergy on the project.
In March 2013, Hanergy entered into a photovoltaic energy management contract with FAW-Volkswagen to install rooftop photovoltaic power stations on their plant in Foshan, Guangdong. In April 2014, Hanergy partnered with Tesla to provide thin-film solar technology to power their solar-powered charging stations in Beijing and Shanghai. In June 2014, Hanergy signed a partnership agreement with Aston Martin Racing to use solar power to improve racecar performance at the FIA World Endurance Championship. At the same month, Hanergy signed an agreement to become the official solar energy partner of the Beijing ePrix for the FIA Formula E Championship. In January 2015, Hanergy announced a photovoltaic energy management cooperation with Guangqi Honda to install 17 MW of distributed PV on the rooftops of existing and future factories in Guangzhou, Guangdong.
On May 19, 2015, Hanergy Thin Film Power shares were suspended at the Hong Kong Exchange after crashing by 47%. On May 28, Hong Kong's market regulatory body, the Securities and Futures Commission announced an investigation into the company. On July 15, 2015, the Securities and Futures Commission ordered the suspension of all Hanergy Thin Film Power's shares, a move that prevented the firm from relisting on its own will. On October 23, 2018, Hanergy announced a plan to privatize and relist Hanergy Thin Film Power on the Chinese mainland. Hanergy Thin Film Power was delisted from the Hong Kong stock exchange on June 11, 2019. The Beijing Third Intermediate People's Court has confirmed that Hanergy Thin Film Power should sell its 40.48% and 10.88% mortgaged holdings in the Jinanqiao Hydroelectric Power Station. Its main shareholder, another Hanergy's company Hanergy Mobile Energy Holding Group has confirmed that it will bid for these shares.
In November 2015, Hanergy partnered with Dutch football team AZ Alkmaar to provide the club's stadium with solar panels. As part of the deal, Hanergy installed 1,725 panels on the roof of Alkmaar's AFAS Stadion. In May 2017, Hanergy cooperated with leading bike-sharing company, Mobike, to install solar modules to provide the electricity for their smart lock and GPS system. Other than Mobike, Hanergy also signed similar partnerships with MTbike and 99 Bicycle. In December 2017, Hanergy signed a strategic cooperation agreement with Beijing Electric Vehicle (BAIC BJEV) to install thin-film modules on the roofs of vehicles to provide auxiliary power and on electric vehicle charging stations to offer smart battery charging.