Hanergy Thin Film's Ground Breaking Flexible and Lightweight Solar Technology Shine at Solar Power International 2014
Hanergy Thin Film Power Group Limited
October 2014, US / Hong Kong Hanergy Thin Film Power Group Limited (Hanergy Thin Film The Group or The Company HKSE stock code: 566), the world leading thin-film solar technology enterprise, takes part in Solar Power International (SPI) to showcase its Lightweight Flexible Solar Solutions, namely FLEX Series and PowerFLEX, which feature the Group leading Copper Indium Gallium Selenide (CIGS) technology.
Driven by the increasing concern about environmental protection and the rising demand for quality living, the application of solar energy to daily life moves from a slogan into practical application. Leveraging the expertise in CIGS technology of its subsidiaries MiaSole and Global Solar, Hanergy Thin Film Power has developed a wide range of integrated, flexible solar power solutions.
According to statistics from the 2014 European Photovoltaic Industry Association Global Market Outlook report, the Global rooftop PV market will exceed 35GW by 2017.FLEX Series and PowerFLEX enable lightweight, flexible, simple and affordable installation of solar power modules, and thus have the edge over the conventional type of heavy and rigid crystalline modules. With these advantages, the Group FLEX Series and PowerFLEX are suitable for rooftops that can only bear limited weight and for installation in high wind zones.
Hanergy is also able to provide a wide range of high-power density, lightweight, ultra-flexible off-grid solar power solution for vehicles and many consumer products such as cell phone chargers, making living more environmentally friendly and convenient.
In the long run, Hanergy Thin Film will further explore the technological advantages of CIGS and will apply the FLEX Series and PowerFLEX more widely to our daily life, thus ushering in an era of clean power generation.
SPI is the largest solar power conference in North America, and is organized by the Solar Energy Industries Association and Solar Electric Power Association. The four-day event brings the industry players together in Las Vegas in the United States to foster the exchange of ideas, knowledge and expertise with an aim of furthering solar energy development in the United States.
About Hanergy Thin Film
Hanergy Thin Film is the world’s leading thin-film solar technology enterprise. It is mainly engaged in the research and development and design of large-scale thin-film solar turnkey production lines, as well as the development and operation of downstream solar power projects and application products. On November 27, 2013, Hanergy Thin Film was included in Morgan Stanley Capital International (MSCI) China Index. The Company is the No.1 solar thin film turnkey line provider in the world by scale and by profitability, having delivered about 2,000MW production lines. In 2013, the Company recorded a net profit of HKD2.06 billion, enjoying a remarkable growth of 57.2% year-on-year. Hanergy Solar places technology advancement as its top priority and is equipped with strong R&D capabilities, with a focus in advanced thin-film technology applied in flexible substrates. Hanergy Thin Film’s CIGS solar cells have reached a conversion efficiency of 20.5% under the guidance of a world-class thin-film solar energy expert team. In February 2014, Hanergy Thin Film acquired 100% interest of Hanergy UK and currently sells “Hanergy?branded thin-film solar photovoltaic equipment through IKEA UK directly. In May 2014, Hanergy Thin Film formed a strategic partnership with Tesla, a US electric vehicle maker, for the construction of PV Supercharger stations in China.