Hanergy Holding Group, China’s largest privately held energy enterprise, has acquired MiaSolé, a US-based solar film company that manufactures CIGS thin-film photovoltaic solar panels. The deal is said to be worth approximately $30m, according to documents seen by news provider San Francisco Chronicle on Friday.
MiaSolé has raised around $500m since being founded in 2006. Investors included: Kleiner Perkins Caufield & Byers, Firelake Capital Management, Nippon Koatsu Electric Co., VantagePoint Capital Partners, Garage Technology Ventures, Atlas Venture and ArcelorMittal.
In March this year, MiaSolé raised $55m in a round led by return backer,Japan-based electricity company Nippon Kouatsu. MiaSole also raised $5.4m in 2004.
Hanergy also acquired another solar panel company earlier this year, Solibro, part of Germany-based solar group, Q-Cells.
MiaSolé will continue to operate as a wholly owned subsidiary of Hanergy.
The sale of MiaSole follows solar energy startup, GreenVolts, backed by Switzerland-based industrial company ABB’s corporate…
