September 7 (Solar) – Hanergy Thin Film Power Group Ltd (HKG:0566) said today it has struck a presale contract with the solar power business of Japan’s Forest Group for 100 MW of solar roof tiles.
The deal is valued at USD 130 million (EUR 112m) and it marks Hanergy’s entry into the Japanese market with its HanTile product. The company believes there is great potential for photovoltaics in Japan after the government revised its energy development plan in August, which now encourages solar power usage.
Hanergy launched HanTile in April and since then the product has been on a presale campaign in around 20 countries worldwide.
The company also expects to sign a sales contract with a Japanese client for the supply of 10,000 units of its Humbrella thin-film solar umbrella product, it said.
(USD 1.0 = EUR 0.859)