The Hong Kong-listed unit of Beijing-based Hanergy Holding Group will roll out three to five models in October, according to an e-mailed statement. Designers include three foreign companies and two domestic.
The aim is to produce cars capable of traveling as much as 100 kilometers (62 miles) on four hours of charge time in the sun, the company said. Power will come from six square meters (64 square feet) of thin-film solar cells affixed to the bodies of the cars, the statement said.
Hanergy Holding in August bought Alta Devices of the U.S. for technology that works for emergency charging of mobile phones and cars. A thin-film solar cell is made by placing layers of photovoltaic material on a semiconductor wafer.
Hanergy expects the market for thin-film cells designed for electric vehicles to total 46 gigawatts by 2020 and another 37 gigawatts for electronic products such as smartphones.
China to help Ghana construct 1 bln USD solar power plant
March 20, 2015 reve
The Chinese Hanergy Group is investing one billion U.S. dollars to construct a 400-megawatt (MW) solar power plant to help boost Ghana’s energy needs, Zhou Youbin, Charge d’Affaires at the Chinese Embassy, said here Thursday.
Zhou, who was speaking at a day’s natural resource conference, said: “China, as a traditional friend and an important development partner over the years, has spared no efforts in supporting the development and construction of Ghana.”
The conference was on the theme “Natural Resource Governance and Management in Ghana: The Stride Towards an Efficient use of our Natural Resources”.
Zhou listed numerous projects the Chinese government had undertaken in Ghana such as the western corridor gas infrastructure development project, construction of the 400- megawatts Bui Dam, and the Kpong Water Supply Expansion Project.
He emphasized that the Chinese government would continue to build on the capacities of local people in the area of natural resources management.
To this end, he said some 30, 0000 African professionals were being trained under the African Talents Program in various sectors.
China, he noted, became the biggest investor in the past year in the cocoa, gold oil producing West African country’s economy.
“In 2014, statistics about China-Ghana cooperation is inspiring. Ghana’s export to China and Chinese Foreign Direct Investment (FDI) inflows to Ghana has both surpassed one billion dollars, making China the biggest investor of Ghana in the past year,” he said.
The Chinese envoy mentioned problems facing foreigners in the natural resource governance of the country as including the acquisition of land and rising resource nationalism, which had plagued many resource-rich countries and their development partners.
He further called on the Ghanaian authorities to streamline and boost the vitality of small-scale mining since the sector contributed about one-third of the total gold production and 100 percent of the country’s diamond in 2013.
“The most important thing is to balance the interests of the stakeholders, mainly the government, mining communities and the investors. Policies to ensure the healthy and sustainable development of the mining sector should be designed as soon as possible,” Zhou appealed.
The Chief Executive Officer of the Institute of Green Growth, Dr. Eric Twum, organizers of the conference, said the synergy between Ghana’s resource availability, management and associated resource use benefits had over the years and in most cases not been fully met.
“Our institutions are not the best despite the numerous efforts. We are saddled with inefficiencies, uncertainty and difficulties in management, among others when natural resources come to mind,” Twum said.
Ghana, Dr. Twum said, lost about 90 million dollars and 70 million dollars due to stability agreements in the mining and oil and gas sectors in 2011 and 2012 respectively.
He therefore appealed to political leaders to desist from politicizing issues of natural resource governance and management.
Business 3/22/2015 @ 7:53PM 14 views
China Thin-Film Solar Leader Hanergy Opens 60 Stores, Centers Across Country
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Hanergy Thin Film Power Group, the thin-film solar power equipment and product company led by Chinese billionaire Li Hejun, opened 60 retail stores and “user-experience centers” around the country on Saturday in a bid to boost its brand and sales among retail customers, Hanergy said on Sunday.
Hanergy also on Saturday launched an online sales site, hanergyshop.com, and another site on Alibaba, according to a statement.
The stores partly highlight rooftop solar panels that Hanergy hopes will become a main source of future revenue. Hanergy said it plans to increase the number of user experience centers to 300 throughout China this year and to 1,500 worldwide by 2017.
Hanergy, whose founder Li made some of his early money in the hydropower business, has since 2013 has acquired thin-film related intellectual property from overseas businesses Solibro, MiaSolé, Global Solar Energy and Alta Devices, turning itself into China’s top company in that niche. Li’s push into solar energy comes amid a big government effort to increase solar’s use to combat the country’s appalling air pollution.
A five-times rise in the Hanergy’s Hong Kong-traded’s shares in the past year have drawn skepticism from some analysts about its valuation. Hanergy’s market cap stood at $36 billion after Friday’s close, compared with just $6 billion for First Solar, the big U.S. thin-film solar panel maker. Most of the Hong Kong-listed company’s business has in the past been done with its unlisted parent company, though that share is declining.
Li ranks No.1 among mainland Chinese on the Forbes real-time billionaires list with an estimated fortune of $30 billion.
300 Stores this Year and 1500 Stores Worldwide by 2017
The stores partly highlight rooftop solar panels that Hanergy hopes will become a main source of future revenue. Hanergy said it plans to increase the number of
user experience centers to 300 throughout China this year and to 1,500 worldwide by 2017
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(Bloomberg) -- Hanergy Thin Film Power Group Ltd., the Chinese solar-panel maker whose market value has swollen to $36 billion, said full-year profit surged 64 percent following the sale of five power projects in China.
Net income totaled HK$3.31 billion ($427 million), up from HK$2.02 billion a year earlier, according to a Hong Kong stock exchange filing. The company restated its 2013 profit after acquisitions of Hanergy Solar U.K. Ltd. and Global Solar Energy Inc. from the earlier HK$2.07 billion. Sales rose almost threefold to HK$9.6 billion.
Hanergy sold the photovoltaic power plants in China in 2014 for 1.42 billion yuan ($229 million), a net gain of about 778 million yuan, according to the statement. The full-year profit caps a tumultuous year for Hanergy, which has become the world’s biggest solar company by value and made its chairman, Li Hejun, a billionaire.
Li owns more than half of the shares in Hanergy Thin Film and controls the company through a closely held Beijing-based parent called Hanergy Holding Group Ltd. Shares of the listed company have more than quadrupled in the past six months, making Li among China’s richest men and raising questions about whether the stock is overvalued.
Valuation questions -- and the pattern of trades in the company’s stock -- have prompted Hanergy to issue at least two statements rebutting suggestions that either the company or its chairman manipulated its share price.
About 61 percent of the company’s revenue comes from sales it makes to the parent company Hanergy Group and its affiliates, according to the statement today.
Receivables Surge
The statement also showed that Hanergy Thin Film’s receivables surged 86 percent last year to HK$4.3 billion, with the parent company responsible for about half of the outstanding sum. A footnote in the document said the parent company settled its account as of today.
Instead, Hanergy said the surge in Hanergy Thin Film’s value may be a result of the Chinese government’s focus on the environment and renewable energy.
Hanergy has a market value of HK$279.9 billion, higher than all other listed Chinese solar companies combined and six times the value of Tempe, Arizona-based First Solar Inc., the biggest producer of thin-film solar panels.
A year ago, the Kowloon headquarters of Hanergy Thin Film housed a little-noticed subsidiary of Li’s Hanergy Holding, which initially was a hydroelectric-dam operator with more than 6 gigawatts of projects.
Four Acquisitions
The company has been investing in thin-film technology since 2009. It’s bought four overseas companies since 2012 -- the U.S. producers Global Solar Energy Inc., Miasole Inc. and Alta Devices and the Solibro unit of Germany’s Q-Cells.
Last month, the company said it would partner with vehicle designers to develop cars to be powered entirely by sunlight. Hanergy’s latest semi-annual earnings report identifies the automotive sector as an “important strategic direction” for the group.
But the company’s rapid growth, and Li’s promises of an energy revolution, have brought scrutiny to the company.
The Financial Times newspaper started raising questions about Hanergy on Jan. 28, when it published a story dissecting accounting practices including the company’s disclosure that most of its solar-panel sales come from its parent company. The shares have almost doubled since then.
Wildly Inflated
On Feb. 27, analysts Charles Yonts and Johnny Lau at CLSA Asia-Pacific Markets in Hong Kong issued a report saying Hanergy’s shares were wildly inflated. Jenny Chase, lead solar industry analyst at Bloomberg New Energy Finance, published a note on March 6 saying Hanergy is working with “unproven” technology and that it hasn’t detailed solar-project installations that would help justify its valuation.
Three analysts, Penny Chen of BNP Paribas Equity Research, Kenny Tang of AMTD Asset Management Ltd. and Andrew Zamfotis of Eva Dimensions LLC, couldn’t be reached for comment today.
Then on March 25, the FT wrote another story showing that Hanergy’s shares listed in Hong Kong tend to rise in the final 30 minutes of the trading day. The newspaper said the pattern is unlikely to occur randomly or because of electronic algorithms.
Following the report, Hanergy issued a statement dismissing the story as “innuendo.” All of Li’s share trading activities have been properly recorded and disclosed and he hasn’t engaged in any alleged market misconduct, Hanergy said.
The company has also sought to rebut earlier criticisms. Hanergy published a statement on Feb. 2 reassuring investors about the health of its finances and on March 4 said it expected full-year earnings to rise more than 55 percent.
Photovoltaik-Kraftwerk von Hanergy im PV Industrial Park in Qiaboqia (Bezirk Gonghe)
Photovoltaik-Kraftwerk von Hanergy im PV Industrial Park in Qiaboqia (Bezirk Gonghe)
Die Hanergy Thin Film Power Group Ltd., Hersteller von schlüsselfertigen Produktionslinien für Photovoltaik-Module und PV-Projektentwickler, gab am 30.03.2015 ihre Ergebnisse und die ihrer Tochterunternehmen für das Finanzjahr 2014 bekannt.
Der Gesamtumsatz der Hanergy-Gruppe stieg um 193 Prozent auf rund 1.239.880 US-Dollar (2013: USD 423.453). Der Rohertrag wuchs von rund 339.920 USD im Jahr 2013 um 109 Prozent auf 709.838 USD.
Mit dem Verkauf von Photovoltaik-Kraftwerken setzte das Unternehmen etwa 435.634 USD um. Das entspricht rund einem Drittel des Gesamtumsatzes.
Mit der weithin anerkannten Dünnschicht-Technologie und der stetigen Entwicklung aller Geschäftsbereiche will die Gruppe ihre Erwerbsquellen in Zukunft weiter diversifizieren.
Was die Sparte Maschinenbau angeht, will die Gruppe weiterhin schlüsselfertige PV-Produktionslinien verkaufen, bei denen Dünnschicht-Technologien zum Einsatz kommen, die Hanergy im letzten Jahr erworben hat.
In Sachen dezentrale Solarstrom-Produktion will die Gruppe rascher den chinesischen Markt durchdringen und speziell zugeschnittene gebäudeintegrierte Dünnschicht-Lösungen anbieten. Hier erhofft sich das Unternehmen wesentliche Umsätze.
Was den Kraftwerksbau betreffe, habe die Gruppe die Vorbereitungen zum Bau eines Photovoltaik-Kraftwerks mit 400 MW in Ghana (Afrika) getroffen und eines mit 50 MW in Hainan entwickelt. In den nächsten Jahren sollen etliche PV-Kraftwerke fertig und in Betrieb genommen werden.
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