Official: Hanergy buys Solibro and plans CIGS ramp to 100MW capacity

Facebook
Twitter
LinkedIn
Reddit
Email

A day after reports claimed Hanergy and Q-Cells were in discussion over the sale of the German PV manufacturers' CIGS thin-film subsidiary, Solibro, both companies said in a statement that a deal had been signed. Financial terms were not disclosed.

“Since the first meeting with the Hanergy management, an ideal strategic fit was obvious to us all,” said Dr. Nedim Cen, CEO of Q-Cells SE. 'With Hanergy as a partner, the potential of Solibro’s CIGS thin-film technology and existing production capacity can be fully realized. We are even more pleased that Hanergy intends to retain our current workforce in Thalheim.” 

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The companies said that after the deal goes through, Solibro would ramp production to 100MW (135MW nameplate) at its plant in Thalheim, Germany, which is intended to support Hanergy’s European customer base, according to the statement.

Jason Chow, senior vice president of Hanergy Industrial PV Group added: “Solibro has a proven track record in thin-film CIGS technologies. Hanergy will provide the extensive network, the strong production capacity and the long term R&D investment. We are confident that the acquisition will enhance Solibro’s performance and capacity despite the industry’s current downturn.”

Hanergy said that the existing Solibro workforce would not be affected by the acquisition, including its current management. Both operationally and after-sales service provided to customers would also remain in place.

Read Next

July 4, 2025
Chinese PV provider Skycorp Solar Group has announced a solar plant acquisition and development strategy following unanimous board approval.
July 4, 2025
Germany’s latest innovation tender has awarded 488MW of co-located capacity, with all the projects being solar PV tied with energy storage.
July 4, 2025
Risen Energy’s mass-produced heterojunction (HJT) modules have reached a cell conversion efficiency of 26.61%, a record figure for the company.
July 4, 2025
The US House of Representatives has passed the final version of the reconciliation bill that is now going to US President Donald Trump’s desk for his signature before its passing.
July 4, 2025
Australian retailer AGL Energy has confirmed its acquisition of South Australia’s Virtual Power Plant (SAVPP) from Tesla.
July 3, 2025
Renewable energy curtailment in Brazil is set to reach 8% across the country, and be as high as 11% in the north-east, by 2035.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK