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Mayer Brown is pleased to announce that it has advised Hanergy Holding Group Limited (Hanergy), the largest privately-owned clean-energy developer in China on its acquisition of Solibro, a manufacturer of copper indium gallium diselenide (CIGS) co-evaporation technology and thin-film unit of insolvent German solar group Q-Cells SE (QCE).

Hanergy is one of the major operators in China's hydropower and solar photovoltaic industries. Solibro is based in Solar Valley Thalheim, Germany and has a subsidiary in Sweden (Research & Development). The company has a work force of 430 staff. After the completion of the acquisition, Hanergy is to significantly increase solar-panel production capacity.

Mayer Brown lawyers recently advised Indian-Arab company Microsol, a producer of solar cells, on its acquisition of key assets of the insolvent Solon SE and its subsidiaries in Germany, Italy and United States (See press release). Solon is one of the leading German producers of solar modules and systems.

The transaction was led by corporate partner Ulrike Binder in Frankfurt.