Highlights:
- The Swedish producer of skinny movie CIGS photo voltaic cells, Midsummer introduced the signing of letters of intent (LOI) with six Swedish and international enterprise companions for a complete of 107 MW of photo voltaic panels.
- With the discharge of 224 MW of photo voltaic cells at this time and beforehand introduced agreements on roofing materials and building companies in Italy, there are already 13 offtake agreements in place, with a complete of greater than 400 MW of photo voltaic panels.
The Swedish producer of skinny movie CIGS (copper indium gallium selenide)photo voltaic cells, Midsummer introduced the signing of letters of intent (LOI) with six Swedish and international enterprise companions for a complete of 107 MW of photo voltaic panels. With the discharge of 224 MW of photo voltaic cells and beforehand introduced agreements on roof and building companies in Italy, there are already 13 offtake agreements in place, with a complete of greater than 400 MW in photo voltaic panels. Moreover manufacturing the cells, Midsummer additionally sells equipment to different producers for skinny photo voltaic cells. It has purposes principally in roofs, formed as roof tiles and extra.
In response to Midsummer’s CEO Sven Lindström, “Many main European industrial corporations are lining up for our merchandise as a result of they see an important demand for our discreet and pleasant skinny movie panels. The signing of this offtake agreements are a part of our deliberate technique to ensure the sale of our items as we develop our manufacturing capability.
In comparison with the corporate’s annual manufacturing capability of two MW within the current manufacturing facility in Sweden and 50 MW within the Italian manufacturing facility in Bari, which is anticipated to start out manufacturing in 2023, the signed LOIs translate to 406 MW of photo voltaic panel to be given over the following three to 6 years.
Midsummer BOLD, For Bitumen and Membrane Roofs
As well as, Midsummer plans to construct a brand new manufacturing facility in Sweden with a capability for 20 MW manufacturing initially and 200 MW per 12 months later. By 2030, the long-term aim is to have no less than 1,000 MW of annual manufacturing capability, which requires the development of many new mega-factories throughout Europe.
With internally developed, cutting-edge gear, Midsummer manufactures thin-film photo voltaic cells. After many years of expertise as a producer of specialised manufacturing traces, photo voltaic panels, and photo voltaic roofs, the corporate owns all the worth chain, and the expertise, processes, and enterprise confirmed in commerce.
CIGS’s Midsummer photo voltaic cells don’t require silicon, aluminum frames, or glass encapsulation, and when mixed with environment friendly materials use, manufacturing, and set up, produce probably the most environmentally pleasant technique of producing electrical energy in use at this time. , with a carbon footprint that’s the similar. one-tenth of silicon panels, says the corporate.
Final 12 months in November (2021), Midsummer obtained incentives of roughly €38 million within the type of grants and smooth loans. In the course of summer time used the quantity of incentives to construct a manufacturing facility and begin producing mild, pleasant skinny photo voltaic roof movie in Bari, Italy, for the worldwide market.
