Monday, October 1, 2012

Miasole Acquired By Chinese Firm

Santa Clara-based thin film solar panel manufacturer Miasole has been acquired by a Chinese company for $30M, according to reports over the weekend. Those reports said that Hanergy Holding Group of Beijing has acquired Miasole, which raised north of $140M for its copper indium gallium selenide (CIGS) thin-film photovoltaic solar panel technology. Miasole was backed by Firelake Capital, Garage Technology Ventures, Kleiner Perkins Caufield and Byers, Nippon Kouatsu Electric Co., and VantagePoint Venture Partners.