Chinese solar panels group plans to build factory in Brazil

11 October 2018

The Hanergy group, China’s Hanergy Group, is looking for partners to build a flexible solar panel plant in Brazil, Hanergy Brazil president Han Rui said in an interview with Brazil’s Portal Energia.

Han Rui said that Brazil has been identified as one of the five main strategic markets for the group, with the country’s investment strategy divided into two phases.

“In the first phase we will set up a distribution and sales network for our main products, the next phase being the construction of a factory in Brazil to supply both Brazil and the rest of Latin America,” he said.

The president of Hanergy Brazil also said that the construction of the plant has an estimated cost of 400 million dollars and added that the company is in talks with banks to obtain financing and with potential investors interested in making the project viable.

The technology developed by the Hanergy group is different from traditional ones, involving thin films to capture solar energy, which can be applied for example in fabrics and building materials.

The products that the group will sell in Brazil are considered to be interesting for the Brazilian market, in the case of the solar parasol and the solar backpack, all of which are imported directly from China.

The group is headquartered in Beijing and shares representing the share capital are listed on the Hong Kong stock exchange, although they have been suspended since May 2015 due to the fact that they fell by 47% in a single session. (macauhub)