Bloomberg News

Hanergy to Buy Solar Manufacturer MiaSole, Chronicle Says

October 01, 2012

Hanergy Holding Group Ltd., a closely held Chinese renewable-energy company, agreed to buy MiaSole Inc. for $30 million, the San Francisco Chronicle reported.

The deal is expected to close Oct. 31, according to documents sent to shareholders cited in the Sept. 28 article, and Hanergy will retain all employees of the Santa Clara, California-based thin-film solar manufacturer for 12 months.

Richard Gaertner, chief operating officer of Beijing-based Hanergy’s U.S. unit, couldn’t confirm the report in an interview today. Calls to MiaSole weren’t returned today.

This is Hanergy’s second thin-film solar deal in a week. It completed Sept. 26 its purchase of Solibro, the thin-film unit of Germany’s Q-Cells SE (QCE), which filed for protection from creditors in April.

To contact the reporter on this story: Ehren Goossens in New York at egoossens1@bloomberg.net

To contact the editor responsible for this story: Will Wade at wwade4@bloomberg.net


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