The solar the current global tidal wave of bankruptcies

The current PV industry development disorder, capacity rapid expansion, supply and demand imbalances remain serious problems, the number of firms in more than one thousand. Experts believe that the reasonable needs of the large number of firms in the photovoltaic industry chain should be about ten, and this determines the need for industry consolidation, brutal and long-term.

Europe and the United States since last year solar components, polysilicon and other product prices diving after the collapse of many manufacturers, China is no exception, and a large number of solar panel manufacturers are also facing the brink of collapse. Merger and reorganization of the trumpet sounded, in 2013, the photovoltaic industry will enter a depth industry adjustment.

Solar energy is now a global tidal wave of bankruptcies January 9, Hina Holdings Group headquarters in Beijing, officially announced the completion of the acquisitions of MiaSolé. , Hina thin film solar production capacity has reached 3GW, than the United States the solar (FirstSolar), to become the world's largest thin-film solar companies.

In recent years, the Chinese and foreign PV manufacturers life is not easy, and domestic enterprises are still subject to anti-dumping pressure from Europe and the United States. In this context, Hina The merger action in the industry caused a sensation. Admitted that "It is the downturn of the global PV industry gave an excellent opportunity to expand Hina Hina Holding Group Chairman Li River Jun."

Throughout 2012 the global solar panel market, including China, the global solar energy industry there has been a serious overcapacity, resulting in many businesses face closure. 2012, the U.S. Bankruptcy solar companies mainly in the film field, including building and roof with thin film solar panel products manufacturing EnergyConversionDevicesInc.

Thin film solar thin-film solar plant NovaSolar, the American film PV manufacturer Konarka its German subsidiary are bankrupt. U.S. after the tidal wave of bankruptcies, followed in the PV market is more mature EU countries such as Germany and Italy, mainly also began a crash.

According to an authoritative study shows the state of the global PV industry overcapacity is likely to result in at least 180 solar panel manufacturer went bankrupt or merged in 2015. The report examined more than 300 manufacturers of solar panels, which as many as 88 companies will close its located in the United States, Europe and

Canada and other areas of the factory, because the production cost of solar cell in these areas has been too high.

So many bankrupt company does not currently plan to bankruptcy and is planning the future development of enterprises, the acquisition of the whole and the opportunity is created for them.

Hina Holding Group Chairman Li River, said, "We took a year and a half, the organization screened a total of more than 700 companies in Europe and the United States, Japan and other experts, selected technology companies leading global technology integration The completion of the acquisition of MiaSolé Jun Hina an important milestone in the global technology integration. "

Hina low point in the industry why do we have to continue to expand the business? River Jun Lee said in an interview with the China Business News reporter of MiaSolé currently a market capitalization of more than $ 2 billion, the world's leading film solar technology, the production of thin-film solar modules photoelectric conversion efficiency of 15.5% can be achieved.

This acquisition is very value. "He also said, excess solar industry relative excess, polysilicon battery production can on was too fast, film production in short supply stage has a wide range of applications, Li River Jun said, do not rule out continue to look for good subject matter, to expand production capacity.