http://www.reuters.com/article/2015/04/19/china-hanergy-technology-idUSL4N0XE2MH20150419
Sat Apr 18, 2015 10:30pm EDT
Thin-film solar technology under scrutiny as China’s Hanergy soars
HONG KONG, APRIL 19 | BY CHARLIE ZHU
(Reuters) – The green energy potential of thin-film solar panels has propelled Li Hejun to the top of China’s rich-list, but his Hanergy Holdings has yet to prove it can turn impressive laboratory research into commercially successful products. Hanergy Thin Film Power, a Hong Kong-listed unit, has seen its value soar six-fold in the past year to $37 billion – more than its nearest two dozen rivals combined. Hanergy and some analysts say the meteoric rise has been fuelled in part by Beijing’s efforts to promote solar energy. But some industry insiders say it has more to do with the firm’s own bullish proclamations on thin-film solar panels and the competitiveness of its products.
Some experts, including a Hanergy sales executive, say the firm’s products are not efficient or cheap enough and are far from ready to take any major market share from conventional panels made with crystalline silicons. Continue reading →