Hanergy, Sojitz sign Japan PV plan
Hanergy and Japanese conglomerate Sojitz have signed a cooperation framework agreement to develop several PV projects in Japan, including a 10MW solar plant set to start construction by next March.
Hanergy Global Solar Power & Applications Group, a subsidiary of the Chinese thin-film solar specialist, has forged a long-term strategic partnership with Sojitz Machinery, a unit of Tokyo-based trading firm Sojitz.
They did not disclose the terms of the agreement.
The two sides hope to promote the use of Hanergy's copper indium gallium selenide (CIGS) solar cells in Japan and other countries, Hanergy said in a filing to the Hong Kong stock exchange last week.
"(Sojitz) will become one of the largest sales channels for our CIGS solar cells,” said Liu Min, chief executive of Hanergy Global Solar Power & Applications Group.
Over the past several years, Beijing-based Hanergy Group has acquired CIGS producers MiaSolé, Global Solar Energy and Solibro, a former Q Cells unit.
It established Hanergy Global Solar Power and Applications Group last year to identify downstream opportunities for its thin-film PV products.
Hanergy Global Solar Power and Applications Group is focusing on using thin-film PV for building materials and rooftop and ground-mounted arrays in Europe, the Middle East, the Americas, Africa and the Asia-Pacific region.
In Japan, it will compete for orders against CIGS supplier Solar Frontier, a unit of Showa Shell Sekiyu.