The world’s largest thin-film solar power solution company, Hong Kong-headquartered Hanergy Thin Film Power Group, recently inked a strategic agreement with TSG (Tenaga Switchgear), the holding subsidiary of Malaysia’s privatised electricity firm TNB (Tenaga Nasional Berhad) to appoint TSG as an exclusive distributor for its HanTile products in the Malaysian market.
HanTile is a solar rooftop solution from Hanergy that applies the company’s thin-film solar technologies and panels. TSG will also purchase US$10 million worth of double-glazed HanTiles.
The companies are also evaluating the setting up of a thin-film solar industrial park in Malaysia.
The above ties in with Malaysia’s plans for the development of its green technology, with an investment of US$480 million to be allocated in the 2019 budget. According to Malaysia’s renewable energy development goals, by 2025, renewable energy will account for 20% of the total energy consumption (excluding hydropower), while renewable energy now accounts for only 2% of the total energy mix. Under the plan, Malaysia will need to add 4 GW of renewable energy over the next seven years.
Hanergy says its solar cells set the world record for conversion efficiency several times, with the newest one being 29.1%. It launched and upgraded a handful of consumer products in 2018, including Humbrella, solar-powered umbrella; SolarTank, solar backpack; HanPower, solar power bank; retaining its leading position in the mobile energy sector. Subsequently, with the debut of HanTile in April and HanWall in September 2018, Hanergy upped-the-ante in the global building-integrated PV segment.
Lv Yuan, Vice President of Hanergy said, “We see a great potential in Malaysia market, which is also a strategic market for Hanergy. We’re confident that our collaboration with TSG and our robust expansion plan in Malaysia market as well as the deeper understanding of the sector will help us pump-up the demand for our range of thin-film solar products.”
Datuk Hisham, President of TSG said, “The purchased products will be mainly used for the construction of high-end villas to help build Malaysia’s smart cities and smart home project. Back in December 2018, TSG purchased 3kw of HanTile for the Cyberjaya pilot project, and the performance of electricity generation was excellent. So we’ve signed the agreement with Hanergy today. TSG will be an exclusive distribution agency for HanTile in Kuala Lumpur, Selangor and Penang.”