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Home  >  PHOTOVOLTAICS  > CIGS manufacturer MiaSolé purchased by Chinese Hanegy for ...
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Oct 3rd, 2012
 
CIGS manufacturer MiaSolé purchased by Chinese Hanegy for $30 million
 
As reported by the San Francisco Chronicle, the Chinese Hanergy acquired MiaSolé.
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  • This is the second Hanergy’s acquisition of CIGS manufacturer, after purchasing German Solibro (Q-Cells)

Hanergy paid a ridiculously low amount of money for a company that raised about $500 million since its founding in 2004.

This acquisition is quite surprising while the technology used by MiaSolé (sputtering, roll-to-roll process, flexible stainless-steel substrate) is very different from that used by Solibro (coevaporation, sheet-to-sheet process, rigid glass substrate).

 

 
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