USEUROPEAFRICAASIA 中文雙語Fran?ais
    China
    Home / China / Across America

    Hanergy moves into growing solar-panel game

    By Michael Barris in New York | China Daily | Updated: 2013-07-31 11:22

    Hanergy Holding Group Ltd's acquisition of Arizona's Global Solar Energy Inc - its third buy of a struggling maker of thin-film solar cells in the past year - continues the Chinese company's effort to push deeper into what it sees as a growing market in the troubled solar industry.

    The deal, which has won approval from both US and Chinese regulators, reflects the company's belief that demand for thin panels, also known as flexible copper indium gallium diselenide, or CIGS, solar cells, is destined to grow despite a massive glut of supply that has driven many solar panel makers into dire straits.

    In a release, Hanergy Chairman Li Hejun called flexible and thin-film photovoltaic technology "the future and the trend of the industry".

    Thin-film solar cells are considered a more efficient solar panel technology than traditional silicon-based cells, although high manufacturing costs are seen as an obstacle to mass production. Some analysts expect thin-film technology to overtake conventional solar panels in the long term.

    Li said the acquisition last week of Tucson-based GSE for an undisclosed sum gives Hanergy - a holding company whose units offer hydropower, solar, wind farms, and other clean energy projects - "the ability to accelerate the development and large-scale application of our high-efficiency flexible CIGS modules". GSE, whose products are used in rooftop solar systems, electronic vehicles and other portable solar products, is one of the few producers capable of making thin panels on a commercial scale, the companies' release said.

    GSE is the latest company to join Hanergy with "technologies that combine the competitive advantages of flexible thin-film PV modules and large scale production", the release said.

    In September, Hanergy purchased Germany's Solibro GmbH, a unit of insolvent German photovoltaic cell maker Q-Cells SE, for an undisclosed sum. In January, it acquired Miasole, a California solar-power technology company. Terms were not disclosed.

    The GSE deal - which makes the company a wholly owned US-based unit of Hanergy - will "best leverage our unique products and technologies to complement Hanergy's existing ones", GSE CEO Jeff Britt said in the release.

    The transaction - approved by both the Committee on Foreign Investment in the US, and the National Development and Reform Commission in China - comes more than a year after GSE announced in June 2012 it was exploring strategic options amid overcapacity in the photovoltaic market. Six months later, in December, it said it had slashed its workforce by 70 percent mainly in its roofing product line to "preserve operations and production flexibility" while "acquisition offers and strategic options are considered."

    Li told a press briefing early this year that despite global solar-panel overcapacity, thin-film cell technology still had room to grow, MarketWatch reported. The CEO said Hanergy's strategic focus would allow it to survive plunging panel prices tied to the supply glut. He predicted the global renewable energy industry would recover in the second half of this year, MarketWatch reported.

    In 2011, China Development Bank gave Hanergy a five-year credit line of 30 billion yuan ($4.8 billion) to fund the construction of solar and hydropower plants and invest in overseas markets, Xinhua reported.

    In a related development, the European Union announced this weekend that it settled its solar panel antidumping dispute with China as tariffs were set to surge, helping to head off a larger trade war between the EU and China.

    The agreement came seven weeks after Brussels had imposed provisional anti-dumping duties on Chinese solar panels, starting with an immediate hike of 11.8 percent. The tariff was set to rise to 47.6 percent on average by Aug. 6.

    The move was taken after the European Commission accused China of undercutting the solar market in Europe, the world's largest for solar panels, and putting 25,000 jobs in the hard-hit European photovoltaic manufacturing industry at risk.

    michaelbarris@chinadailyusa.com

    Polar icebreaker Snow Dragon arrives in Antarctic
    Xi's vision on shared future for humanity
    Air Force units explore new airspace
    Premier Li urges information integration to serve the public
    Dialogue links global political parties
    Editor's picks
    Beijing limits signs attached to top of buildings across city
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    无码免费一区二区三区免费播放| 日韩三级中文字幕| 亚洲AV中文无码乱人伦| 国产精品一区二区久久精品无码| 亚洲中文字幕成人在线| 色婷婷久久综合中文久久蜜桃av| 国产精品无码专区| 亚洲国产综合无码一区| 欧美亚洲精品中文字幕乱码免费高清| 国产日韩AV免费无码一区二区三区 | 亚洲AV中文无码乱人伦| 亚洲av无码精品网站| 日本一区二区三区不卡视频中文字幕| 国精品无码A区一区二区| 亚洲2022国产成人精品无码区 | 亚洲乱码中文字幕综合234| 亚洲一区二区三区无码中文字幕 | 亚洲av无码国产精品色在线看不卡| 亚洲情XO亚洲色XO无码| 亚洲中文字幕成人在线| 狠狠精品久久久无码中文字幕| A狠狠久久蜜臀婷色中文网 | 精品久久久久久无码中文字幕 | 中文字幕欧美日本亚洲| 国产中文字幕视频| 精品久久久久中文字幕日本| 丝袜熟女国偷自产中文字幕亚洲 | 天堂а√中文在线| 在线综合+亚洲+欧美中文字幕| 中文字幕在线观看| 最近中文字幕高清免费中文字幕mv| 久久久久久综合一区中文字幕| 日韩乱码人妻无码中文字幕久久 | 久久伊人中文无码| 中文字幕精品久久久久人妻| 中文字幕在线免费看线人| 免费看成人AA片无码视频羞羞网| 制服在线无码专区| 亚洲AV永久无码精品网站在线观看 | 无码人妻少妇久久中文字幕| 最近免费中文字幕中文高清|