The
acquisition,
two
months
after
Q-Cells
filed
for
insolvency,
was
confirmed
by
Hanergy
in
an
email
last
night.
The
company
has
not
released
further
details
on
the
sale
price.
The
deal
is
one
of
the
first
of
an
anticipated
wave
of
Chinese
investment
in
overseas
solar
markets
as
the
sector
enters
a
phase
of
consolidation.
A
huge
glut
of
production
capacity
amid
cuts
to
the
subsidies
driving
demand
in
major
European
markets
has
seen
panel
prices
drop
by
half
in
the
past
year
bringing
severe
pressure
on
manufacturers.
Dozens
of
US
and…
