Solar PV quote from Hanergy at IKEA

rustyg

http://www.zerohedge.com/news/2015-05-20/chinese-bubble-stock-instacrash-wipes-out-14-billion-chinas-2nd-richest-man#comments

organum

From Bloomberg but same from Reuters etc
'The decline of Hanergy Thin Film Solar Group Ltd. was as spectacular and inexplicable as its ascent.
Just 24 minutes of Hong Kong trading erased $18.6 billion of market value and wiped out almost four months of gains that made it more valuable than Sony Corp. of Japan. Those increases came as analysts and investors questioned why, exactly, this stock was increasing in the first place.'

DTWone

I had 20 hanergy panels fitted by Ikea in Feb 2014, 2.4kW system, to date (18 months) they have generated over 4100kWh and I've had nearly £1000 value back from them FIT+energy savings, so they'll repay the £4,500 cost in just over 6 years. They perform really well on cloudy days and it's very rare for background consumption not to be covered even in winter. They look great too. My only complaint is that they should have been able to fit panels in landscape orientation too, which could have upped my system to 4k for another grand, but for some reason at the time they claimed their racking couldn't do that, which now I think was actually rubbish, still it's left me room to fit a couple of solar thermal panels for hot water.

Martyn1981

IKEA terminates distribution partnership with Hanergy

Mart.