“We expect to see a breakthrough by year end,” chief executive Frank Dai Mingfang tells the South China Morning Post.

Listed in Hong Kong, Hanergy Solar – formerly known as Apollo Solar – is majority owned by the Beijing-based Hanergy Group, which itself owns 6GW of hydropower capacity in China. 

Over the past two years the Hanergy Group has acquired three leading – if financially troubled – players in the CIGS space: Q Cells’ subsidiary Solibro, MiaSolé and, most recently, Global Solar Energy. 

CIGS