Midsummer receives repeat order from Asia
Swedish CIGS solar energy tech company Midsummer
has received a repeat order from Asia for production equipment worth about 30
MSEK, about $3.3M. A partial payment will be made within 30 days. The
production equipment will be delivered to the customer during the first half of
2019.
Midsummer is experiencing greater global
interest in the company's proprietary compact system for fast, fully automated
manufacturing of CIGS solar cells. The production equipment will be delivered
to the customer in the first half of next year and a partial payment will be
made within 30 days.
"This repeat order is a strong indication
that interest in our advanced solutions for the production and installation of
thin film solar cells is growing in the Asian market. Several strong global
trends support our business idea and operations, not just the general need to
switch to renewable energy, but also technical and regulatory developments that
make thin solar panels attractive in urban environments. Now, we intend to
strengthen our production capacity further to meet the increased demand for our
products", said Sven Lindström, CEO, Midsummer AB.
