Info
Info
News Article

Hanergy Continues To Expand With Global Solar Energy Acquisition

GSE is one of just a few producers able to manufacture flexible CIGS (copper indium gallium diselenide) solar cells on a commercial scale


Hanergy Holding Group Limited has completed the equity acquisition of Global Solar Energy, Inc..

GSE is a manufacturer of flexible CIGS solar cells based in Tucson, Arizona, USA.

The acquisition follows approval from the Committee on Foreign Investment in the United States and the National Development and Reform Commission, the regulators governing cross-border acquisitions in the U.S. and China respectively.

GSE’s products are applied in a variety of areas including integrated photovoltaic (BIPV), rooftop solar systems, electronic vehicles and other portable solar products.

In the past year, Hanergy has acquired Solibro and MiaSolé; both leading players in the CIGS technology field. Those transactions took the conversion rate of Hanergy’s thin-film PV modules to an unrivalled 15.5 percent.

The acquisition of GSE closes the loop of Hanergy’s strategic consolidation of technologies that combine the competitive advantages of flexible thin-film PV modules and large scale production. It also demonstrates Hanergy’s continued commitment to developing advanced thin-film technology is a further step in its investment in leading CIGS technology and efficient alternative cell materials.

Commenting on the acquisition, Li Hejun, Chairman of Hanergy, states, “Flexible and thin-film photovoltaic technology is the future and the trend of the industry. The acquisition of GSE marks another landmark deal for us after MiaSole and Solibro."

Hejun continues, " Together these complete the circle of Hanergy’s global technology integration strategy, meaning we now have the ability to accelerate the development and large-scale application of our high-efficiency flexible CIGS modules. The cost-effectiveness and wide application of this technology make it a great step forward for Hanergy’s development in large-scale solar energy generation and distribution."

Jeff Britt, Chief Executive Officer of Global Solar, adds, "We are pleased to join with Hanergy, which we believe will best leverage our unique products and technologies to complement Hanergy’s existing ones. Together we are well positioned to implement Hanergy’s strategy of accelerating the growth of the flexible solar market and exploit new market potentials." |

Following the acquisition, GSE will become a wholly-owned subsidiary of Hanergy. GSE will continue its operation in the US.

Currently, Hanergy predominates seven of the world’s leading thin-film technology lines, including amorphous SiGe and CIGS. The mass production of thin film solar modules conversion rate has reached 15.5 percent whereas research has reached the maximum conversion rate of 18.1 percent.

According to the data in “Global Renewable Energy Report 2013" published by Hanergy, China’s investment in renewable energy is ranked first in the world. By 2013, China is expected to surpass Germany and become the world’s largest PV application market.





 



AngelTech Live III: Join us on 12 April 2021!

AngelTech Live III will be broadcast on 12 April 2021, 10am BST, rebroadcast on 14 April (10am CTT) and 16 April (10am PST) and will feature online versions of the market-leading physical events: CS International and PIC International PLUS a brand new Silicon Semiconductor International Track!

Thanks to the great diversity of the semiconductor industry, we are always chasing new markets and developing a range of exciting technologies.

2021 is no different. Over the last few months interest in deep-UV LEDs has rocketed, due to its capability to disinfect and sanitise areas and combat Covid-19. We shall consider a roadmap for this device, along with technologies for boosting its output.

We shall also look at microLEDs, a display with many wonderful attributes, identifying processes for handling the mass transfer of tiny emitters that hold the key to commercialisation of this technology.

We shall also discuss electrification of transportation, underpinned by wide bandgap power electronics and supported by blue lasers that are ideal for processing copper.

Additional areas we will cover include the development of GaN ICs, to improve the reach of power electronics; the great strides that have been made with gallium oxide; and a look at new materials, such as cubic GaN and AlScN.

Having attracted 1500 delegates over the last 2 online summits, the 3rd event promises to be even bigger and better – with 3 interactive sessions over 1 day and will once again prove to be a key event across the semiconductor and photonic integrated circuits calendar.

So make sure you sign up today and discover the latest cutting edge developments across the compound semiconductor and integrated photonics value chain.

REGISTER FOR FREE

VIEW SESSIONS

Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
×
Logo
×
Register - Step 1

You may choose to subscribe to the Compound Semiconductor Magazine, the Compound Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification}
Live Event