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Sneha Shah
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I am Sneha Shah, the Editor-in-chief of Greenworldinvestor. A Chartered Accountant by profession, withs interest in Finance,Green Industry, Economics and the Indian Market.
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  • Hanergy Set To Challenge Solar Frontier As The CIGs Leader After Gobbling Global Energy 1 comment
    Aug 12, 2013 4:33 AM

    Hanergy the Chinese solar giant is all set to become the world's leader in CIGs solar panel technology as it acquired a 3rd distressed CIGs startup Global Energy. Hanergy has been a little late to the solar energy game compared to the other Chinese solar panel makers such as Yingli Green Energy (NYSE:YGE), Trina Solar (NYSE:TSL) and others. However, the company is using its large resources to acquire strategically important companies at extremely cheap prices. Many of these companies have seen investments of upto 10 times their sale prices.

    Read reviews on Hanergy Solar panels and its thin film technology.

    Hanergy first bought bankrupt German giant Q-Cells CIGs subsidiary to enter into the thin film solar panel industry. It followed this acquisition by buying the world's technology leader in CIGs - Miasole. For readers who do not know, Miasole had got a lot of VC interest and its technology was all set for the big time before the solar panel industry hit its biggest downturn. With solar panel prices ruling below costs, a startup had almost no chance. Miasole investors saw the writing on the wall and sold off to Hanergy for a pathetic $30 million.

    Now Hanergy has bought another leading US CIGs company Global Energy to further bolster its technology leadership. It remains to be seen whether the Chinese company can harness 3 disparate products and teams to become an effective leader in the CIGs field. Note Solar Frontier is the leading CIGs solar panel provider with around 500 MW of shipments last year. TSMC has also been heavily investing in this technology as CIGs is said to have the best potential for efficiency improvements and cost reduction amongst all thin film solar film technologies.

    Also read on GWI List of Top 15 Global Solar Thin Film Companies.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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  • EVfan12
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    This wall all so obviously a Chinese conspiracy to get control of American and western Intellectual Property, patents and assets for pennies to the dollar. These Chinese companies, in collaboration with the Chinese government flooded the market with cheap silicon solar panels which they barely made a profit on. That bankrupted all of the more expensive, but more efficient solar manufacturers in the west, which they then went and bought up for pennies on the dollar. Now, they have the tools and slave labour to mass produce thin film solar and nobody will be able to compete. The US government knew this would happen which is why they didn't to anything to stop it, like massive import tarrifs on the silicon cells, or outright ban on Chinese imports. They probably had shares in the Chines companies all along and used tax payer money in the US to develop these thin film producers and get them ready for the big Chinese take over - and nobody saw it coming least of all these companies themselves.
    14 Apr 2015, 09:37 AM Reply Like
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