China’s Hanergy acquires UK-based Engensa

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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 it’s 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 Hanergy’s manufacturing plans, and acquisitions of CIGS firms Solibro and MiaSolé.

Edited by Becky Beetz.