Reports have emerged that Hanergy Solar Technology is considering the purchase of Solibro, the CIGS thin-film subsidiary of Q-Cells. Insolvency firm HWW Wienberg Wilhelm, which is administering the bankruptcy proceedings of Q-Cells had said in April that there had been both foreign and domestic interest in acquiring the bankrupt PV manufacturer.
China-based firm Hanergy, already has thin-film manufacturing operations (Fujian Apollo) but lacks the higher efficiency of next generation technology that Solibro possesses.
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Many PV manufacturers are moving downstream to tap into the higher margin project development and EPC sector, where thin-film technologies continue to compete with rapidly falling prices of conventional crystalline silicon technology.