It additionally stated that is will invest RMB7.6 billion to set up the worlds largest concentrated photovoltaics (CPV) plant in Chengdu, Sichuan Province, China.
The group explained that it chose Singapore as its international headquarters, in order to manage its global solar business outside of China. This reportedly includes the assembly and sale of its CPV systems, as well as the management of its solar farm projects targeted for regions such as Australia, Middle East and South-East Asia.
The company has also said it will set up an R&D centre in CPV, which will collaborate with the Solar Research Institute of Singapore (SERIS).
Commenting on the groups plans, Mr Liu Han, Hanlong Groups chairman said: We chose to set up Zhonghan Solars first regional headquarters outside China here in Singapore, because of its sterling reputation as a global hub for clean energy, in particular solar energy. In addition, Singapores vibrant economy and its status as an Asian financial hub helped in our decision to invest here.
The group hopes to use Singapore as a spring board to international markets, as we seek to promote our solar energy solutions to the rest of Australia, Middle East and Southeast Asia.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.