Ikea Solar Partnership With Hanergy May Be Up in Air
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A partnership between Ikea Group and Hanergy Thin Film Power Group Ltd. to fit homes with sun panels may be hanging in the balance after the solar technology maker lost half its value in a stock selloff.
Ikea hasn’t decided whether it will continue working with Hanergy to offer customers rooftop panels, Hakan Nordkvist, head of sustainability innovation at Ikea, said Friday by e-mail. The Hong Kong-based solar company saw $19 billion in market value wiped out Wednesday before trading was halted.