PV firm in $35m investment to build solar tech facilities in China

A Chinese solar cells firm is to invest USD 35m to build facilities to develop PV and hybrid technology in the country. Hareon Solar Technology will develop three facilities for solar energy technology, as well as hydropower, in China, according to a filing to the Shanghai stock exchange, Bloomberg reports.

The Chinese company will set up an office in Shanghai for 200 million yuan to sell cells and modules and invest in solar farms, Hareon said.

“Hareon will spend 10m yuan each on facilities in Jilin and Shandong provinces that will develop photovoltaic, solar-wind hybrid and hydro power projects,” according to separate statements.

The news from Hareon Solar follows other Chinese companies developing facilities in the BRIC country. This includes firm JinkoSolar, which opened a PV module testing laboratory in China in February 2012.