Midsummer receives €13.1m order for DUO production line
Midsummer, the Swedish developer of CIGS thin film solar cells and production machinery, has received an order worth €13.1m (SEK 143.5 million) from a Swedish industrial and defence group for a turnkey production line for thin-film solar cells.
The production line (based on Midsummer's DUO system) has a 15 MW annual production capacity for the Midsummer's CIGS solar cells. It's the first stage of a factory for the production of thin film solar cells in a non-European country with the intention of adding capacity at a later stage. The bulk of the order value is expected to be recorded as income in 2025.
Midsummer has previously expressed ambitions to sell entire scalable turnkey solar cell factories with annual capacities of up to 200 MW of solar cells ('mega factories) to players in several different countries.
“We see a very large potential to provide turnkey production lines and solar cell factories to customers who wish to quickly implement a green energy transition and electrify their respective markets, who see a value in local production of the world's most environmentally friendly solar cells that can also be installed on the many roofs around the world that are too weak for silicon panels”, said Midsummer's CEO Eric Jaremalm.
“Today's order is a confirmation that our strategy is right. Our technology is proven and we can establish complete factories in a short time, provide all equipment, manage the entire project, and also assist in subsequent ongoing operation, service and sales of produced panels. We see it as an attractive offer for many countries and players.”
