PV – Midsummer indicators LOI?s with six clients for the supply of greater than 100 MW of photo voltaic panels

The lately signed LOI’s equate to 107 MW photo voltaic cells which could be in contrast with the corporate’s annual manufacturing capability of two MW on the present Swedish manufacturing unit and 50 MW on the Italian manufacturing unit in Bari that’s anticipated to start manufacturing in 2023.

Midsummer has beforehand signed agreements with three Italian constructing materials and roof manufacturing corporations for 15 MW per 12 months for 5 years, 75 MW in whole, which is sort of a 3rd of the manufacturing unit’s annual capability. Which means that Midsummer has now signed LOI’s and agreements for the provision of 182 MW photo voltaic cells.

The corporate lately introduced plans to lift capital for the setup of a brand new manufacturing unit in Sweden for an preliminary 20 MW manufacturing and finally 200 MW annual manufacturing capability The long-term purpose is no less than 1,000 MW annual manufacturing capability by the 12 months 2030, which might require a number of mega-factories round Europe.

Midsummer’s skinny movie photo voltaic cells are produced with equipment developed in-house. The corporate owns the complete worth chain and the know-how, processes and companies are commercially confirmed after a long time of expertise as a producer of distinctive manufacturing strains in addition to photo voltaic panels and photo voltaic roofs.

The corporate’s CIGS photo voltaic cells require no silicon, no aluminium frames and no glass encapsulation, which, along with environment friendly materials consumption, manufacturing and set up, has created the world’s most environmentally pleasant approach of manufacturing electrical energy recognized as we speak with a local weather footprint that’s solely one-tenth that of silicon panels.

“It’s clear proof of a brilliant sturdy demand for our engaging and sustainable merchandise that we in such a short while span can signal so many giant offtake agreements for the longer term supply of photo voltaic cells and it validates our aggressive progress plans” stated Midsummer’s CEO Sven Lindström. “We’re in numerous levels of LOI talks with different business gamers than those introduced as we speak, in an effort to achieve a lot bigger gross sales volumes. The marketplace for our merchandise is big and grows quickly. We’ve got a lot of aggressive benefits that will likely be even stronger as we scale up. An growing variety of clients are wanting on the whole local weather footprint. Midsummer’s merchandise have as much as 90 p.c decrease local weather footprint over a life cycle than conventional panels, and decrease than even wind and hydropower. Along with our different benefits in look, weight, sturdiness, ease of set up and not using a mounting system and put in energy per roof, it turns into an unbeatable provide.”

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