Ikea Says It Won't Sell Hanergy Solar Panels in Europe Anymore

(Beijing) – The parent of troubled Hanergy Thin Film Power Group Ltd. stopped selling a solar panel product in IKEA Group's stores in Europe on November 1, with the retailer saying it had ended the firms' three-year partnership.

IKEA said in a statement on November 2 that it would not renew a contract with Hanergy Holding Group Ltd. that expired on October 31. The deal allowed Hanergy to sell small rooftop solar panels in its stores in Britain, Switzerland and the Netherlands.