[SMM Flash News] Zhongtian Green Energy suspends cooperation with Hangzhou Hengchuang New Energy Co., Ltd. on the construction of a new PV project for a period of one year

Published: Jul 17, 2025 11:41
On July 17, Zhongtian Green Energy Technology Co., Ltd. issued a statement, announcing that after careful consideration, it had decided to suspend business cooperation with Hangzhou Hengchuang New Energy Co., Ltd. in the field of PV power station construction with immediate effect, for a period of one year. The cooperation qualifications would be reassessed after the suspension period expired. Projects with signed contracts would still fulfill their obligations as originally agreed. Zhongtian Green Energy stated that during the period when Hangzhou Hengchuang New Energy Co., Ltd. undertook the 749.58 kWp distributed PV power generation project (Lishui Xihe) of Yongkang Yifeng PV Development Co., Ltd., a subsidiary of Zhongtian Green Energy, there were serious breaches of contract: failure to strictly adhere to industry technical standards and construction specifications; multiple defects in construction quality; and a passive response to rectification requirements, with significant delays in rectification timelines.

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