Is Manufacturing Integration Technology recent solar equipment order cancelled?
According to PV magazine, “Hanergy Holdings has announced the termination of a US$175 million order, announced at the start of May, for wholly-owned subsidiary, Fujan Apollo’s silicon-based BIPV production equipment and technical services.
The original deal had envisioned six BIPV module assembly lines, although details on when or where the delivery and manufacturing would take place were absent.
“After arm’s length negotiations, the parties to the Equipment Sales and the Technical Services Agreements agreed to terminate the Equipment Sales and the Technical Services Agreements and had on 14 June 2015 entered into a termination agreement,” wrote Hanergy in a statement released today.”
Manufacturing Integration Technology clinched orders for solar equipment for BIPV assembly lines in May 2015 too. Is this order same as the order won by Hanergy Thin film which has now been cancelled?
Entry filed under: Watch your step. Tags: .