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Comprising Four Business Units and Six Regional Offices across the Globe
Marking a Significant Milestone in Venturing into the Global Downstream Solar Market
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HONG KONG, Apr 29, 2013 - (ACN Newswire) - The Board of Directors of Hanergy Solar Group Limited ("Hanergy Solar" or "the Company", formerly known as "Apollo Solar Energy Technology Holdings Limited", together with its subsidiaries, "the Group"; stock code: 566.HK) is pleased to announce that the Group has newly established Hanergy Global Solar Power and Applications Group, comprising four business units and six regional offices. Leveraging its solid strengths in upstream thin-film solar technology, the Group is committed to becoming the industry leader of the global high-tech thin-film solar business through actively venturing into the downstream business of global solar power generation market and new solar applications for industrial, commercial and household uses around the world on a large-scale basis.
Hanergy Global Solar Power and Applications Group comprises four major business units:
-- Building Integrated Photovoltaic Business Unit (BIPV): Focusing on the use of colorful and light-transmissive thin-film solar modules which are integrated with building materials such that solar power can be generated on walls. The key target markets of the BIPV Unit are commercial buildings and large-scale public buildings.
-- Building Attached Photovoltaic Business Unit (BAPV): Adopting the thin-film solar panels with flexible substrates which are light, bendable and size adjustable, which are suitable for all types of roof-tops, in particular those industrial and commercial roof-tops and low density residential roof-tops.
-- Ground-mounted Photovoltaic Power Business Unit: Principally engaged in developing large-scale ground-mounted solar power generation plants globally. Leveraging on the advantages of the thin-film solar technology, such as the ability to generate solar power even under low irradiance conditions and conversion efficiencies less affected by high temperature environments, power generation with thin-film solar technology enjoys low cost advantage.
-- Photovoltaic Applications Business Unit: Committed to apply thin film solar technology and flexible solar technology to other business sectors to develop innovative solar products such as solar home appliances, solar lamps, solar portable products and automotive alternative power systems, etc.
The six Regional Offices which are located in the North America, South America, Europe and the Middle East, Asia Pacific, Africa and Greater China, are responsible for providing assistance and facilitating the development of Business Units, and are in charge of market development, public relations, communications and network building. Under the guidance of the Business Units, the Regional Offices will manage the development and related operations of solar power projects.
The development of thin-film and flexible solar modules is aclear trend of the future photovoltaic industry. The objectives of the establishment of Hanergy Global Solar Power and Applications Group and its Business Units are to provide products and system solutions with unique technology advantages to customers around the world, and to maximise the application of a wide range of thin-film solar modules and flexible solar technology in various market segments so that the Group can fully leverage its unique advantage in technology and to capture the most extensive market potentials.
Mr. Frank Mingfang Dai, Chairman and CEO of Hanergy Solar, said that "The Group's organisation restructuring fully demonstrates the Group's commitment to develop the downstream business on a large-scale basis with our solid strengths in thin-film solar technology. The Group will provide integrated solar EPC (Engineering, Procurement and Construction) services, plan and coordinate the construction of various solar power projects and operate them. The Group will also sell solar modules, integrated solar systems and solar application products etc. to markets throughout the world. We have the confidence that the investment in downstream solar energy projects will further extend our solar business industry chain to achieve the target of extensive applications of solar energy and contribute to improve the sustainability of the world environment.
Topic: Press release summary
Source: Hanergy Thin Film Power Group Ltd.
Sectors: Daily Finance, Energy, Alternatives, Daily News
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From the Asia Corporate News Network
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