Chinese renewable energy company Hanergy Holding Group said Wednesday it has completed the acquisition of Miasole, a U.S. solar firm.

The transaction marks Hanergy's second acquisition of a foreign solar company in the past year.

Hanergy bought thin-film solar module maker Solibro, a subsidiary of insolvent German solar group Q-Cells, in June.

Li Hejun, board chairman of Hanergy, said the company will retain Miasole's current workforce of over 100 employees at its California-based factory.

The transaction will give Miasole new life and its technology will be more successful on the global market with capital support from Hanergy, according to John Carrington, CEO of Miasole.

Hanergy, China's largest privately-owned provider of renewable energy, owns solar panel manufacturing centers in Sichuan, Guangdong, Hainan, Zhejiang, Shandong and Jiangsu provinces. Endi

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