It is a company that promises to revolutionise the way solar power is used and to become the Apple of green energy.
The breakneck growth of Hanergy Group, the world’s largest solar company by market value, has helped to make its founder, Li Hejun, China’s fifth richest man. Shares in its $18bn Hong Kong listed subsidiary, Hanergy Thin Film Power Group, have risen by more than 300 per cent since the start of 2014.
But a Financial Times investigation has found some unconventional practices behind HTF’s soaring fortunes.
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