03 Jun '12, 6pm

Consolidation Chronicles: Solibro, Q-Cells’ CIGS Unit, Acquired by Hanergy: Q-Cells, Germany's -- and once the...

Q-Cells , Germany's -- and once the globe's -- largest solar manufacturer, filed for insolvency in April. The once-dominant solar company lost hundreds of millions of dollars in the last year. At that time, GTM Research analyst MJ Shiao suggested that Solibro, its CIGS thin-film unit, was ripe for acquisition. And that's just what has happened. Hanergy, a privately-held Chinese power generator with gigawatts of hydropower assets, has acquired the modestly successful thin-film unit from the struggling crystalline silicon (c-Si) vendor, according to reports today in the Financial Times . Hanergy also has wind and solar interests and has spoken of investing $15 billion into the solar industry according to China Daily . Solibro shipped 66 megawatts of CIGS solar in 2011, "more than any other CIGS manufacturer not named Solar Frontier," in the words of Shiao, who adds that the ...

Full article: http://www.greentechmedia.com/articles/read/Consolidation...

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deal.com.sg 05 Jun '12, 2am

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