Hanergy Solar Group Limited has acquired MiaSole

Hanergy Solar Group Limited (Hanergy) has acquired all intellectual property rights of MiaSole's CIGS thin film solar technology, one of the world's leading companies in terms of the conversion efficiency rate for flexible thin film solar modules, for a US$57.1 million consideration.

Hanergy is a manufacturer of equipment and turnkey production lines for the manufacture of amorphous silicon based thin-film solar photovoltaic modules. The principal business of the group includes investment in clean energy business in the PRC. With this acquisition, Hanergy owns two mainstream CIGS thin film technologies, namely the co-evaporation technology acquired under the Solibro Agreement and sputtering technology adopted by MiaSole, and is well positioned to create the world's leading flexible CIGS thin film technology going forward.

MiaSole is recognized as one of the leading global players dedicated to research and mass production of CIGS flexible thin film modules.

Oaklins' team in Hong Kong advised the buyer in this transaction.