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IKEA and Hanergy launch residential solar offer in Haarlem, Netherlands, one year since UK pilot


Haarlem, 28 October, 2014 – Today sees the launch of IKEA’s residential solar offer in Haarlem, Netherlands, in partnership with Hanergy, the thin film solar panel installation provider. Dutch consumers will for the first time be able to purchase solar panels from the Swedish retailer through Hanergy, starting at €3200 excluding VAT and with an average price of €4400 excluding VAT for a full installation of a 2.5kW system, with a 15% discount for IKEA FAMILY members. A second IKEA store in Utrecht is due to launch the same residential solar offer with Hanergy in November 2014.

The launch follows a successful pilot in the UK, which has to date seen over 1500 systems of residential solar panels sold. The offer was introduced at IKEA Southampton in October 2013, with national roll out completed across all UK stores in May 2014.

The Dutch solar market has been experiencing steady growth year on year comparable to that of the UK, increasing from 0.1 TWh in 2000 to 0.39 TWh in 2011.[1] Awareness of the benefits of solar energy is high, with 88% of Dutch consumers aware that solar panels reduce energy bills and 70% aware that solar panels still generate electricity when it is cloudy.[2] Hanergy’s residential solar panels can save Dutch customers an average of €463 (54%) in electricity costs a year depending on the size of installation. This represents a return on investment of 10.5% in the first year.

IKEA Netherlands Sustainability Manager Lisen Wirén, said, “We are very excited to be able to bring affordable and easy to install Hanergy solar panels to our customers in the Netherlands, the second country in the world to do so after the UK. Solar energy is an important part of IKEA’s ambitious People & Planet Positive sustainability strategy. It’s the perfect solution for our customers, who want to live sustainably and save energy at the same time, without too high an investment.”

Hanergy Solar UK CEO Toby Ferenczi, said, “Residential solar panels are one of the best ways to reduce electricity bills and can provide significant annual savings. We are immensely proud to continue to work with IKEA in rolling out our offer in Europe following a successful UK pilot, and are looking forward to enabling as many families as possible to save on energy costs while living more sustainably.”

http://hanergysolar.nl
http://www.ikea.nl

About Hanergy Solar Panels

Hanergy solar panels are made from the next generation of thin film modules manufactured in Germany by Solibro, a Hanergy subsidiary company. The panels are covered by a 25-year performance warranty, which guarantees a minimum of 80% of rated capacity after 25 years. The Hanergy home monitoring system helps consumers monitor their system’s electricity generation in real time and can be integrated with a smartphone.

Typical savings are based on an average 2.50kW system with a 35 degree pitch on a south facing roof generating 2410kWh in one year and costing €4400 for IKEA FAMILY members, excluding VAT, which can be claimed back. This will lead to a saving of €463 in electricity bills a year, which represents an 10.5% return on investment in the first year, and a 54% reduction on the average household’s annual electricity bill of €853 (source: Spaarrente.nl)

About Hanergy

Hanergy Solar UK is a subsidiary of Hanergy Thin Film Power (HKEx stock code: 00566), the world’s leading thin-film solar technology enterprise with major businesses in research and development, design and assembly of large- scale thin-film solar turnkey production lines, as well as the development and operation of downstream solar power projects and application products. Hanergy Thin Film Power entered the solar power industry and grew rapidly since 2009, by continuing to fulfill the equipment sales agreements of thin-film solar turnkey production lines, and further extending the business to the downstream area of solar power. On 5 March, 2012, Hanergy Thin Film Power was included as a constituent stock in the Hang Seng Global Composite Index, Hang Seng Composite Index, HSCII – Industrial Goods, and Hang Seng Composite SmallCap Index. In addition, on 31 May, 2012, Hanergy Thin Film Power was included in the MSCI China Index. Hanergy Thin Film Power was also included into the FTSE Hong Kong Index since September 2014.

About IKEA Group

Our vision is to create a better everyday life for the many people and we offer well designed, functional and affordable, high quality home furnishing, produced with care for people and the environment. The IKEA Group has 315 stores in 27 countries. In addition there are more than 40 stores run by franchisees outside the IKEA Group. The IKEA Group had 716 million visitors during FY14 and 1.5 billion people visited IKEA.com.