The acquisition is said to be in line with company’s rapid expansion in the global solar market following the two recent acquisitions.
Hanergy, earlier in 2012 closed two acquisition deals involving purchase of German solar giant Q-Cells-owned solar panel manufacturer Solibro and Miasole.
Commenting on the acquisition of thin film solar, Hanergy Solar UK CEO and Engensa former CEO Toby Darbyshire stated this alliance they are proud of what the Engensa team accomplished in building one of the largest UK home energy companies.
"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," added Darbyshire.
Meanwhile, Bloomberg reported that solar market has witnessed a surge of Asian companies including LDK Solar and Hanwha investing in the overseas market to gain access to large markets and technology.
