Hybrid Solar Panels

Hybrid Solar Panels Market Outlook

The global hybrid solar panels market is poised for significant growth, projected to reach approximately USD 30 billion by 2035, at a compound annual growth rate (CAGR) of around 15% from 2025 to 2035. This remarkable growth can be attributed to the increasing demand for renewable energy solutions driven by rising environmental concerns, government incentives, and technological advancements in hybrid solar technologies. Moreover, the transition towards sustainable energy sources, coupled with innovations in solar energy efficiency, is encouraging both residential and commercial sectors to adopt hybrid solar panels for improved energy savings and reduced electricity bills.

Growth Factor of the Market

The hybrid solar panels market is experiencing transformative growth due to several key factors that are reshaping the energy landscape. Firstly, advancements in solar technology, including enhanced energy conversion efficiencies and cost reductions in manufacturing processes, are making hybrid solar panels more accessible and appealing to consumers. Additionally, increasing government support through subsidies, tax incentives, and renewable energy mandates is fostering an environment conducive to the adoption of hybrid solar solutions. Furthermore, the growing awareness of climate change and the need for sustainable energy sources are pushing businesses and homeowners alike to seek energy-efficient alternatives. The rise of smart homes and integrated energy systems is also driving demand, as hybrid solar panels offer compatibility with energy storage systems and smart grid technologies. Finally, the global push towards net-zero emissions by 2050 is further catalyzing investments in renewable energy solutions, including hybrid solar panels.

Key Highlights of the Market

• The hybrid solar panels market is expected to witness a CAGR of 15% from 2025 to 2035.
• Technological advancements in solar panel efficiency are a major growth driver.
• Government incentives and subsidies are facilitating increased adoption.
• Growing consumer awareness regarding climate change is influencing purchasing decisions.
• The integration of smart technologies with hybrid solar panels is becoming increasingly common.

By Product Type

Monocrystalline Hybrid Solar Panels:

Monocrystalline hybrid solar panels are known for their high efficiency and sleek appearance, making them a popular choice among consumers. These panels are manufactured using high-purity silicon and have a uniform dark color. They typically provide higher energy output per square meter compared to other types, making them ideal for residential and commercial applications where space is limited. The efficiency of monocrystalline panels often exceeds 20%, which translates to more energy generation over their lifespan. As a result, they require less space for installation, which is particularly advantageous in urban settings. Moreover, their longevity, typically exceeding 25 years, adds to their appeal, as homeowners and businesses look for long-term investments in renewable energy. The growing trend towards sustainable living and energy independence is expected to boost the market for monocrystalline hybrid solar panels significantly.

Polycrystalline Hybrid Solar Panels:

Polycrystalline hybrid solar panels are another prevalent option in the market, distinguished by their blue hue and multi-crystal structure. These panels are generally less expensive to produce than monocrystalline counterparts due to their simpler manufacturing process, thus making them a cost-effective choice for budget-conscious consumers. Although they typically offer slightly lower efficiency ratings, ranging from 15% to 18%, advancements in technology are closing this gap. Polycrystalline panels are ideal for large-scale installations, such as solar farms, where space is less restricted. Furthermore, they perform better in high temperatures compared to their monocrystalline counterparts, which can enhance their performance in warmer climates. With increasing adoption in both residential and commercial sectors, the demand for polycrystalline hybrid solar panels is expected to rise, particularly in markets sensitive to pricing.

Thin-Film Hybrid Solar Panels:

Thin-film hybrid solar panels represent a cutting-edge technology that offers unique advantages, primarily their lightweight and flexible design. This feature allows thin-film panels to be installed on a variety of surfaces, including curved or irregular structures where traditional panels would be impractical. Although their efficiency generally falls short of crystalline silicon panels, advancements in materials like cadmium telluride and CIGS (Copper Indium Gallium Selenide) are enhancing their performance. Thin-film panels are particularly well-suited for large-scale utility projects and building-integrated photovoltaics (BIPV), where aesthetics and flexibility are paramount. The growing trend towards sustainable architecture and innovative building designs is expected to drive further adoption of thin-film hybrid solar panels, particularly in urban environments.

Bifacial Hybrid Solar Panels:

Bifacial hybrid solar panels are gaining traction due to their innovative design, which allows them to capture sunlight from both sides of the panel. This unique capability can lead to increased energy generation, especially in environments with reflective surfaces such as snow or sand. Bifacial panels offer efficiencies that can exceed those of conventional single-sided panels due to their dual-surface energy harvesting. Their robust design and ability to withstand severe weather conditions make them an attractive option for large-scale solar installations and utility projects. As the solar industry continues to innovate, the bifacial hybrid solar panels segment is expected to grow, driven by demand for higher efficiency and greater overall energy yield.

PERC Hybrid Solar Panels:

PERC (Passivated Emitter and Rear Cell) hybrid solar panels have emerged as one of the most advanced solar technologies in the market today. By enhancing the conventional solar cell architecture, PERC panels enable improved light absorption and reduce energy loss. This results in higher efficiency rates, often exceeding 22%, making them a favored choice among energy-conscious consumers. Their design allows for better performance in low-light conditions, which is particularly advantageous in overcast climates. As energy demands continue to rise and the need for efficient energy solutions becomes more pressing, the adoption of PERC hybrid solar panels is anticipated to rise, marking a significant shift towards more advanced solar technologies.

By Application

Residential:

The residential application segment of the hybrid solar panels market is witnessing robust growth, largely driven by increasing consumer awareness of renewable energy benefits and the desire for energy independence. Homeowners are increasingly investing in hybrid solar systems to reduce their reliance on grid electricity and lower their utility bills. The potential for significant savings on energy costs, coupled with government incentives and rebates, makes hybrid solar panels an attractive option for residential properties. Additionally, the growing trend of smart home technology integration with solar systems is further bolstering this segment, as consumers seek seamless energy management solutions. The desire for sustainable living and reduced carbon footprints among homeowners is expected to continue driving the residential market for hybrid solar panels in the coming years.

Commercial:

The commercial sector represents a substantial portion of the hybrid solar panels market, as businesses strive to adopt sustainable energy practices to enhance their corporate social responsibility (CSR) profiles. Commercial installations often involve larger solar arrays, allowing for economies of scale and improved energy savings. Companies are increasingly recognizing the long-term financial benefits of investing in hybrid solar systems, including reduced operational costs and increased property value. Furthermore, the regulatory environment is increasingly favorable, with many governments providing incentives for commercial enterprises to transition to renewable energy sources. As businesses continue to seek ways to mitigate energy costs and enhance sustainability efforts, the commercial application of hybrid solar panels is projected to experience significant growth.

Industrial:

The industrial application of hybrid solar panels is expanding as manufacturers and large-scale operators aim to reduce energy expenses and carbon emissions. Industries with high energy demands, such as manufacturing and processing, are increasingly investing in solar solutions to enhance their energy resilience. Hybrid solar panels provide a reliable source of energy that can substantially lower operational costs while also contributing to sustainability goals. The trend towards corporate sustainability is influencing industrial players to adopt renewable energy solutions, and hybrid solar systems are becoming an integral part of energy strategies. As industrial facilities seek to gain competitive advantages through energy efficiency, the hybrid solar panels market within this segment is expected to flourish.

Utilities:

The utility sector is a critical driver of the hybrid solar panels market, as utility companies invest in solar energy generation to meet growing electricity demand while adhering to regulatory mandates for renewable energy adoption. Hybrid solar panel systems are often integrated into larger solar farms to enhance efficiency and energy output. This sector benefits from economies of scale, as larger installations typically see lower per-unit costs. With increasing investments in renewable energy infrastructure and a focus on transitioning to low-carbon energy sources, the utility application of hybrid solar panels is poised for significant growth. Moreover, advancements in energy storage technology are complementing utility-scale solar projects, allowing for more consistent energy delivery and reliability.

Off-Grid:

The off-grid application segment of hybrid solar panels is gaining traction as more remote and rural areas seek sustainable energy solutions. Off-grid solar systems provide energy independence to communities that are not connected to the centralized power grid, enabling access to reliable electricity for residential, agricultural, and industrial needs. Hybrid solar panels equipped with energy storage solutions are particularly beneficial in off-grid scenarios, as they allow users to store excess energy generated during the day for use during nighttime or cloudy periods. The growing demand for energy access in developing regions, along with advancements in portable solar technologies, is expected to drive the off-grid hybrid solar panels market in the coming years.

By Distribution Channel

Direct Sales:

Direct sales remain a vital distribution channel in the hybrid solar panels market, allowing manufacturers and installers to engage directly with customers. This approach facilitates better communication regarding product specifications, installation processes, and maintenance services, which are critical for potential buyers. Moreover, direct sales often translate to cost savings by eliminating middlemen, thereby allowing manufacturers to offer competitive pricing. This channel is particularly effective in residential and commercial sectors, where personalized service and tailored solutions are crucial for customer satisfaction. As the awareness of hybrid solar technologies continues to grow, direct sales are expected to strengthen, creating opportunities for companies to build stronger customer relationships and foster brand loyalty.

Indirect Sales:

The indirect sales channel encompasses wholesalers, retailers, and distributors who play a pivotal role in reaching a broader customer base for hybrid solar panels. By leveraging existing networks and relationships with construction firms, electrical contractors, and energy retailers, companies can expand their market reach and enhance product visibility. This channel is particularly advantageous for entering new geographical markets where direct sales may be cost-prohibitive. Indirect sales also facilitate the bundling of hybrid solar panels with complementary products and services, such as inverters and energy management systems, which can enhance the overall value proposition to customers. As hybrid solar technology continues to gain traction, the importance of indirect sales channels is likely to grow, providing manufacturers with additional avenues to drive sales growth.

By Mounting Type

Roof-Mounted:

Roof-mounted hybrid solar panels are one of the most popular installation types due to their space efficiency and ability to utilize existing structures. These panels are ideal for residential and commercial buildings where rooftops are available to harness solar energy without needing additional land. Roof-mounted systems can be integrated seamlessly into the architecture of a building, contributing to energy generation while preserving aesthetics. Additionally, they often benefit from reduced installation costs compared to ground-mounted systems, as they do not require extensive groundwork or land acquisition. The ongoing trend of urbanization and the increasing desire for energy independence are likely to drive the demand for roof-mounted hybrid solar panel installations in both residential and commercial sectors.

Ground-Mounted:

Ground-mounted hybrid solar panels are typically used for larger installations, such as solar farms and utility-scale projects. These systems are advantageous for maximizing solar exposure, as they can be oriented and spaced optimally without the limitations imposed by existing structures. Ground-mounted systems are often more accessible for maintenance and upgrades, allowing for easier management of large solar installations. Moreover, they can be designed to accommodate various land types, including agricultural fields, which can continue to be used for farming while generating solar energy. As the demand for renewable energy grows, ground-mounted hybrid solar panel systems are expected to see significant adoption, particularly in utility-scale applications.

By Region

The global hybrid solar panels market exhibits varying trends across different regions, reflecting distinct regulatory environments, market maturity, and levels of technological adoption. North America leads the market, driven by strong government incentives, advanced technology adoption, and increasing consumer awareness of renewable energy. The region is expected to maintain a significant share of approximately 40% of the total market by 2035. Within this region, California and Texas stand out as leading states, fostering substantial investments in hybrid solar technologies. Furthermore, the North American market is projected to grow at a CAGR of around 12%, buoyed by increasing residential and commercial installations and the integration of smart grid technologies.

Europe is another key region in the hybrid solar panels market, with a strong push towards renewable energy adoption driven by stringent environmental regulations and ambitious climate goals. Countries like Germany, France, and Spain are spearheading the transition to solar energy, with substantial investments in hybrid solar panel systems. The European market is expected to capture approximately 30% of the total market share by 2035, with a CAGR of around 14%. Additionally, the growing trend of energy independence and local energy production in Europe is anticipated to fuel demand for hybrid solar panels, as consumers increasingly seek sustainable solutions to meet their energy needs.

Opportunities

As the hybrid solar panels market continues to evolve, significant opportunities are emerging, particularly in developing regions where energy access remains a challenge. The increasing demand for off-grid energy solutions in rural areas presents a compelling business case for companies to innovate and provide hybrid solar technologies tailored to specific local needs. With many governments prioritizing renewable energy initiatives to achieve their climate goals, there is considerable scope for partnerships between private companies and public authorities to facilitate solar technology adoption. Additionally, advancements in energy storage solutions, such as batteries, present opportunities for hybrid solar panels to be integrated into energy management systems, enhancing energy reliability and optimizing consumption patterns. The potential for creating flexible financing options, such as leasing and power purchase agreements (PPAs), can further lower the barriers to entry for consumers, further catalyzing growth in this segment.

Furthermore, as the global focus shifts toward decarbonization and sustainability, businesses across various sectors are under increasing pressure to integrate renewable energy solutions into their operations. This change offers hybrid solar panel manufacturers an opportunity to collaborate with commercial and industrial enterprises looking to enhance their sustainability efforts and reduce their carbon footprints. Moreover, the proliferation of smart home technologies and the Internet of Things (IoT) creates opportunities for hybrid solar panels to be integrated with advanced energy management systems. This integration can optimize energy consumption, increase efficiency, and provide customers with real-time data, thus enhancing their overall experience. The evolving landscape of renewable energy presents numerous opportunities for growth, innovation, and market expansion for hybrid solar panels.

Threats

Despite the promising growth prospects for the hybrid solar panels market, there are significant threats that could impact the sector. One of the primary challenges is the volatility of raw material prices, particularly silicon, which is crucial for manufacturing solar panels. Fluctuations in the availability and cost of raw materials can adversely affect manufacturing costs and, consequently, the pricing structure of hybrid solar panels. Additionally, competition from alternative renewable energy sources, such as wind and hydroelectric power, could pose a threat as consumers and businesses weigh the relative advantages of different energy solutions. The rapid pace of technological advancements also means that companies must continually innovate to stay relevant, which can strain resources and lead to potential market share erosion if competitors succeed in introducing superior products.

Another significant threat comes from regulatory changes and policies that could impact the hybrid solar panels market. If supportive government incentives and subsidies for solar energy were to be reduced or removed, it could slow down the adoption of hybrid solar technology, as these financial aids play a crucial role in driving consumer interest and investment. Moreover, public perception and awareness regarding the effectiveness and efficiency of hybrid solar systems can influence market growth. If consumers are not adequately educated about the benefits of hybrid technology compared to conventional options, adoption could stall. Lastly, the presence of counterfeit or low-quality products in the market can undermine consumer trust and hinder overall market growth, emphasizing the need for quality assurance and regulatory oversight.

Competitor Outlook

• SunPower Corporation
• First Solar, Inc.
• Canadian Solar Inc.
• Trina Solar Limited
• JA Solar Technology Co., Ltd.
• JinkoSolar Holding Co., Ltd.
• Hanwha Q CELLS
• LONGi Green Energy Technology Co., Ltd.
• REC Group
• GCL-Poly Energy Holdings Limited
• Enphase Energy, Inc.
• Suntech Power Holdings Co., Ltd.
• SolarEdge Technologies, Inc.
• Vivint Solar, Inc.
• Yingli Green Energy Holding Company Limited

The competitive landscape of the hybrid solar panels market is characterized by a diverse range of players, from multinational corporations to local manufacturers. Established companies like SunPower Corporation and First Solar, Inc. dominate the market with their advanced technologies and extensive distribution networks. These key players are continually investing in research and development to enhance the efficiency and reliability of their hybrid solar panels, ensuring they remain at the forefront of the industry. Additionally, strategic partnerships and collaborations with utility companies and technology providers are commonplace, enabling these firms to expand their market presence and offer integrated energy solutions that cater to evolving consumer needs.

In addition to these dominant players, numerous mid-sized and emerging companies are entering the hybrid solar panels market, drawn by the increasing demand for renewable energy solutions. Companies such as Enphase Energy, known for its innovative microinverter technology, and JinkoSolar, recognized for its high-performance solar panels, are making significant inroads into this competitive space. As the market continues to grow, these companies are focusing on differentiation through technological advancements, customer service, and sustainable practices. Sustainability has become a crucial aspect for many companies, with an increasing number of manufacturers adopting eco-friendly practices in their production processes to align with the growing consumer demand for sustainable solutions.

Moreover, as the hybrid solar panels market matures, mergers and acquisitions are expected to become more prevalent as companies seek to expand their capabilities and market reach. For instance, the acquisition of smaller technology startups specializing in innovative solar solutions could provide established players with the edge needed to remain competitive. Additionally, the increasing importance of data analytics and artificial intelligence in optimizing energy management systems presents another avenue for growth and innovation within the competitive landscape. As companies continue to adapt to changing market dynamics and consumer expectations, the hybrid solar panels market is likely to evolve, creating both challenges and opportunities for industry participants.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 REC Group
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Hanwha Q CELLS
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 First Solar, Inc.
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Vivint Solar, Inc.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Canadian Solar Inc.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Trina Solar Limited
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Enphase Energy, Inc.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 SunPower Corporation
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 JinkoSolar Holding Co., Ltd.
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 SolarEdge Technologies, Inc.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 JA Solar Technology Co., Ltd.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 GCL-Poly Energy Holdings Limited
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Suntech Power Holdings Co., Ltd.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 LONGi Green Energy Technology Co., Ltd.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Yingli Green Energy Holding Company Limited
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Hybrid Solar Panels Market, By Application
    • 6.1.1 Residential
    • 6.1.2 Commercial
    • 6.1.3 Industrial
    • 6.1.4 Utilities
    • 6.1.5 Off-Grid
  • 6.2 Hybrid Solar Panels Market, By Product Type
    • 6.2.1 Monocrystalline Hybrid Solar Panels
    • 6.2.2 Polycrystalline Hybrid Solar Panels
    • 6.2.3 Thin-Film Hybrid Solar Panels
    • 6.2.4 Bifacial Hybrid Solar Panels
    • 6.2.5 PERC Hybrid Solar Panels
  • 6.3 Hybrid Solar Panels Market, By Mounting Type
    • 6.3.1 Roof-Mounted
    • 6.3.2 Ground-Mounted
  • 6.4 Hybrid Solar Panels Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Indirect Sales

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Hybrid Solar Panels Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Hybrid Solar Panels market is categorized based on

By Product Type

• Monocrystalline Hybrid Solar Panels
• Polycrystalline Hybrid Solar Panels
• Thin-Film Hybrid Solar Panels
• Bifacial Hybrid Solar Panels
• PERC Hybrid Solar Panels

By Application

• Residential
• Commercial
• Industrial
• Utilities
• Off-Grid

By Distribution Channel

• Direct Sales
• Indirect Sales

By Mounting Type

• Roof-Mounted
• Ground-Mounted

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• SunPower Corporation
• First Solar, Inc.
• Canadian Solar Inc.
• Trina Solar Limited
• JA Solar Technology Co., Ltd.
• JinkoSolar Holding Co., Ltd.
• Hanwha Q CELLS
• LONGi Green Energy Technology Co., Ltd.
• REC Group
• GCL-Poly Energy Holdings Limited
• Enphase Energy, Inc.
• Suntech Power Holdings Co., Ltd.
• SolarEdge Technologies, Inc.
• Vivint Solar, Inc.
• Yingli Green Energy Holding Company Limited