Hanergy boosts CIGS cell conversion efficiency to 19.6%

Dec 16, 2013 - Chinese firm Hanergy Solar Group Ltd (HKG:0566) said today it had achieved a conversion efficiency with its copper indium gallium (di) selenide (CIGS) solar cells of 19.6% using the technology of Swedish firm Solibro.

Hanergy, which makes equipment and turnkey production lines for amorphous silicon thin-film PV modules, bought Solibro and its thin film solar technology in a CNY-280-million (USD 46m/EUR 33.5m) deal in September. The Chinese firm noted that the 19.6% result had been confirmed by the Fraunhofer Institute for Solar Energy Systems ISE in Germany.

In addition, Hanergy also said it had reached a CIGS solar module conversion efficiency of 15.5% using the thin film solar technology by US MiaSole. The company agreed to buy for CNY 350 million (USD 58m/EUR 42m) the intellectual property (IP) rights to MiaSole’s thin film solar technology from Hanergy Holding Group in September. The move followed the acquisition of MiaSole at the start of 2013.

Hanergy last week agreed to buy the IP rights to Global Solar Energy Inc’s CIGS thin-film photovoltaic (PV) modules production and development technology. The market value of the rights is estimated at USD 33 million (EUR 24m). Arizona-based Global Solar is a unit of Hanergy Holding.

(USD 1.0 = EUR 0.727)
(CNY 1.0 = USD 0.165/EUR 0.120)

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