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Hanergy signs USD 130Mn solar roof tile contract with Japan's Forest Group

ANI | Updated: Sep 10, 2018 16:56 IST

New Delhi [India], Sep 10 (ANI): The world's largest thin-film power solution company Hanergy Thin Film Power Group (00566.hk) on Monday announced signing of a prolific USD 130 million HanTile presale contract with Japanese construction and solar power conglomerate, Forest Group.
The company's fresh move reaffirms its earnestness to enter international market. This synergistic association with Forest Group is a testimony of Hanergy's par excellence technology and its product quality reaching the highest standard of international market.
The contract that is signed between Hanergy Thin Film Power Group (0566.HK) and FGS, a subsidiary company focused on solar power business under Forest Group, intends to bring to use and put together the expertise and the rich sectorial experiences of both companies to optimize Japan's photovoltaic market.
"We have great confidence in Hanergy's products and we're sure that we'll together win accolades in the sector. Further, in the backdrop, we hope that within the next 5 to 10 years, Japan's household market reaches the goal of zero emission, realizing a great potential for solar power market," said president of Forest Group, Mori Haruyuki.
The current contract will prove to be a milestone for Hanergy's HanTile product, leading its way in other international markets. Despite, Japan particularly has strict certification system with dozens of testing and approval procedures, Hanergy's acquisition of the presale contract further reiterates its high standard product quality and advanced technologies.
"At Hanergy, we make enormous efforts to stay ahead of our peers, be it through robust investment in R&D, the constant breakthroughs in technology, and numerous patent applications. It's an upshot of these unremitting efforts, that we could swiftly secure the contract with the leading Forest Group in Japan. We see a great potential in Japanese market, which is also a strategic market for Hanergy," said vice president Hanergy Thin Film Power Group, Lv Yuan. (ANI)