13 November 2013

Hanergy Solar increases shareholding by 8 million shares

Beijing-based Hanergy Holding Group Ltd – which is claimed to be the world’s biggest thin-film photovoltaic (PV) firm - says that, through its subsidiary Hanergy Investment Ltd, it has further acquired from the market a total of 8 million shares of Hanergy Solar Group Ltd.

Hanergy says that it has confidence in the future prospects of China and global solar energy industry and believes that there will be considerable growth and development in the solar energy industry in foreseeable future.

Earlier this year, Hanergy Solar acquired the intellectual property rights of two copper indium gallium diselenide (CIGS) thin-film photovoltaic technologies, namely of MiaSolé of Santa Clara, CA, USA and Solibro GmbH (the latter from Q.CELLS SE of Bitterfeld-Wolfen, Germany). On 24 September, Hanergy Solar launched 120MW large-scale solar power plant projects in Qinghai and Xinjiang. On 30 October, Hanergy Solar acquired the entire equity interests of Columbia Solar Energy LLC, which is in the course of developing a 19MWAC solar facility in Pittsburg, CA, USA.

Hanergy Solar says it continues proactive investment in the downstream solar business. Also, adds the firm, CIGS thin-film solar modules are becoming more widely used in building-integrated photovoltaic (BIPV) and building-applied photovoltaic (BAPV) projects due to its superior conversion efficiency performance, as well as the competitive cost structure.

See related items:

China’s Hanergy acquires US-based CIGS PV firm Global Solar Energy

China’s Hanergy completes acquisition of Silicon Valley CIGS PV firm MiaSolé

Hanergy to acquire Q.CELLS' CIGS PV subsidiary Solibro

Tags: Hanergy CIGS BIPV

Visit: www.hanergy.com