Midsummer increases solar panel orders by 550 percent
Company benefits from increasing marketing focus on integrated solar panels for end consumers
The Swedish manufacturer of CIGS solar cells and solar panels Midsummer increased order intake of its thin, light and flexible solar panels SLIM, WAVE and BOLD by 551 per cent during the first quarter this year compared with the same period last year.
”We have shifted our business focus over the past year and are investing heavily in marketing our building integrated solar panels to the end consumer market as we see enormous potential for beautiful and easily installed sunroofs that basically look like ordinary roofs,” said Sven Lindström, CEO, Midsummer.
Order intake of solar panels during the first quarter of this year amounted to SEK 9 870 000, an increase of 551 percent from the same period last year.
“The big increase in sales in this period is validation that we are on the right track. Our attractive roofs have been received very well by customers and demand is increasing strongly from both private and commercial property owners.”
“We are supported by more conscious customers, both in terms of environmental impact and design. Our hyper-efficient production process means that our panels have a carbon footprint that is only one tenth of most other panels,” concludes Mr. Lindström.
Midsummer will announce its full quarterly report on May 17.
Midsummer also develops and markets production equipment for solar cells in the form of the DUO system. DUO is the most widespread production system for flexible CIGS solar cells in the world.
