German technology group Heraeus and U.S. company Materion Advanced Materials have announced the completion of the latter’s acquisition of the target materials business belonging to Heraeus.
The thin-film maker has announced a shift in strategy which will eliminate its Series 5, reduce 2017 output to 2.2 GW, and in the process dismiss 27% of its global workforce.
The thin-film solar maker and developer continues to report significant increases in its module efficiency, as it moves towards more module-only sales.
The U.S. subsidiary of the Japanese CIS solar specialist has seen construction begin on two large-scale U.S. solar projects in California’s Imperial County.
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