Hanergy seals MiaSole acquisition

Chinese energy group Hanergy yesterday confirmed its acquisition of US-based thin film pioneer MiaSole, boosting the Chinese firm’s thin-film portfolio after its earlier acquisition of Germany’s Solibro.

News of the MiaSole deal was leaked in October last year when US media reported that Hanergy had paid $30m for the company. Hanergy senior vice president Jason Chow declined to comment on the purchase price.

The Beijing-based company first came to international attention when it acquired thin-film module maker Solibro from bankrupt German group Q-Cells in June last year. Like Solibro, MiaSole also makes solar panels using copper indium gallium selenide (CIGS) although its technology is slightly different.

The new deal will turn Hanergy, which started out as…

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