According to a statement released yesterday, the Engensa acquisition will provide Hanergy with "significant" downstream support in the U.K. home-renewables sector.
Commenting on the news, Toby Ferenczi, former CEO of Engensa, and co-CEO of Hanergy Solar UK Ltd, noted, "Our partnership with Hanergy is exciting because it is one of the first major attempts to exploit this technology in the residential market."
He added, "Thin-film solar PV is very well placed to succeed in the future due to its lower manufacturing costs, enhanced appearance and because its not subject to any of the recently proposed import tariffs."
In the last few months, Hanergy has strengthened its position in the global PV market via its acquisitions of MiaSolé and Solibro last year. Meanwhile, this April, the Chinese renewable company announced its intention to break into downstream power generation with the establishment of Hanergy Global Solar Power and Applications Group.
In the May edition of pv magazine, editor Jonathan Gifford spoke to Shyam Mehta, Senior Analyst with GTM Research about Hanergys manufacturing plans, and acquisitions of CIGS firms Solibro and MiaSolé.
Edited by Becky Beetz.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.