Chinese solar energy firm eyes debut in UAE market

Hanergy, a clean energy company, has expressed its desire to enter markets in the Middle East, starting with the UAE
Chinese solar energy firm eyes debut in UAE market
By Sam Bridge
Sat 04 Aug 2018 01:20 AM

Hanergy, a Chinese clean energy company, has expressed its desire to enter markets in the Middle East, starting with the UAE.

During a meeting in Beijing, company officials said that the Emirati market is very important to them and is a key part of their global strategy, adding that there is considerable global demand for their products, state news agency WAM reported.

They added that the UAE is among the leading countries that prioritise clean energy while pointing out that Masdar City in Abu Dhabi is proof of this.

The Beijing-based company, which has 15,000 employees worldwide, is active in thin-film solar energy, which is used to produce clean energy. It is also active in research as well as in manufacturing.

Hanergy said its total installed capacity of hydropower projects exceeds 6GW, and its total installed capacity of wind power projects is 131MW.

It added that it has invested in the construction of thin-film solar R&D and manufacturing bases throughout China with a total production capacity of 3GW. In addition, Hanergy has entered into thin-film solar power plant construction agreements across the globe totaling a capacity of about 10GW.

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Last Updated: Sat 04 Aug 2018 01:50 AM GST

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