US-based flexible CIGS (Copper Indium Gallium Selenide) thin-film producer MiaSolé a subsidiary of struggling Hanergy Group has signed a supply contract with a leading Italian roofing firm, General Membrane SpA.
Sweden-based thin-film production equipment specialist Midsummer said it had secured a second ‘DUO’ flexible CIGS (copper, indium, gallium and selenium) thin-film solar cell sputtering tool order from an existing customer based in Asia.
By any ‘normal’ metrics, PV thin-film equipment and module producer Hanergy Thin Film Power Group (Hanergy TF) remains in a dire financial position after reporting a non-cash loss of around US$1.58 billion in 2015 and its biggest customer and parent company, Hanergy Holdings and its affiliates failed to make due payments of around US$680 million.
Distressed PV thin-film producer Hanergy Thin Film has finally issued a profit warning and business update that reveals the extent of the dependence on its parent company and its dire financial position.
