Hareon – a fast-growing second-tier Chinese solar manufacturer based near Shanghai – has signed a memorandum of understanding with Mascotte that will see them analyse the feasibility of a joint-venture cell factory as well as the establishment of a fund for financing future PV projects.

Hareon, which relisted on the Shanghai Stock Exchange last year, has aggressively expanded from cells into modules in recent years, and now claims to have 1.5GW