Hareon to build up to 1GW of PV

Hareon Solar Technology and Jiangshan Yongtai Investment have signed a cooperative framework agreement to build up to 1GW of ground-mount and distributed-generation PV projects through 2016.

They will start by developing, building, financing and selling 100MW of ground-mount solar capacity this year, Hareon said in a statement on the Shanghai stock exchange.

In 2015, they will jointly develop 300MW to 400MW of ground-mount and distributed-generation PV projects.

They will wrap up the plan in 2016 by collaborating on the development of 400MW to 500MW.

Hareon did not reveal any other details about the plan.

The company — based in eastern China’s Jiangsu province — has announced an ambitious series of deals over the past month.

In late August, it signed a cooperative framework agreement with Switzerland's Tritec Power Engineering to build 600MW of PV throughout the world over the next three years.

It also said it will develop 2.5GW of PV in Turkey and 600MW of rooftop solar capacity in China, shortly after unveiling plans to build roughly 150MW of PV in India with a unit of US investor Northern Lights Capital.

And in early August, it finalised a plan to work with Switzerland’s ILB Helios on the development of 6.27GW of PV capacity around the world through 2017.

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