Chairman of the Board of Directors of Hina Holding Group Li River monarch today officially announced completion of the acquisition of MiaSolé of this acquisition so that Hina access to global conversion rate is the highest copper indium gallium selenide (CIGS) technology, become a large scale, technically are a leading global thin film solar enterprises .
MiaSolé in Santa Clara, California, United States is a global leader in CIGS thin film solar module manufacturers of MiaSolé thin film PV solar cell module production conversion rate has reached 15.5%, is expected in 2014, the conversion rate will be increased to more than 17% , and within two years, the production cost is reduced to $ 0.5 per watt.
River Lee Jun said that after the completion of the acquisition, MiaSolé operations as a wholly owned subsidiary of the Hina Group. Han be able to retain of MiaSolé In Sunnyvale factories and more than 100 employees. Hina thin film solar production capacity has reached 3GW, more than the U.S. First Solar (First Solar) to become the world's largest thin-film solar panel companies. Meanwhile, Hina has film amorphous silicon - germanium, amorphous silicon - nanometer silicon, copper indium gallium selenide 7 of the world's leading technology roadmap, and the latest completed the acquisitions of MiaSolé technology, will form a good art Hina supplement.
Jun Li River because of its non-polluting, low energy consumption, temperature coefficient, low light generation, the film can be made translucent and flexible battery, has a broad range of applications, and can be widely used in building integrated photovoltaic (BIPV) and everyday life. The future of both international and domestic market of Hanergy will actively expand solar ground power station and BIPV applications such as business.
Some recent media speculation Trina Solar reports of possible bankruptcy, the company issued a statement on Thursday said that in the current industry environment, Trina Solar's financial position, operational status and ability to resist risks has been leading level, and there is absolutely no media reported forecast fails to repay the bankrupt situation.
The statement also pointed out that, in the global PV industry average gross profit for the negative situation, the gross profit margin in 2012, Trina Solar remains positive, the future is expected to continue to improve operating cash flow will continue to improve. Companies to develop clear plans and objectives , and strive to reduce inventory turnover days as soon as possible, and the account of receivables to ensure that the company operates more healthy. Meanwhile, the company is actively developing downstream system integration business, and become one of the pillars of the company's future development.
Recently, some media reports, Trina Solar is selling products below cost price, to repay maturing debt of $ 800,000,000 to the current situation, the company will make it through six months. Article cited the company risks include more than 14 billion U.S. dollars in off-balance sheet liabilities, operators of negative gross profit continued, the balance of cash flow dropped.