Midsummer has received an order from Sunflare for equipment for the production of thin film solar cells worth over 7 MUSD. The production equipment will be installed at a new solar panel factory in China, which will open next year. Production of the equipment begins after New Year at Midsummer's factory in Järfälla, outside of Stockholm, and delivery will be made to customerslater in 2019.
"We are pleased to receive this very significant order for production equipment" said Sven Lindström, CEO, Midsummer AB. "The type of flexible thin film solar cells that Midsummer develops production equipment for, is coming into increasing demand worldwide, not least because of its low weight and flexibility which fits well in urban environments. They are also produced in an environmentally friendly manner with simplicity of installation. As an example of how strong the global trends are: the recent decision in California that all new homes built in the state must have solar power installed from January 1, 2020, that's already in a year. There are over 70.000 houses built in that state alone each year. Other states are expected to follow, as well as other countries."
"The demand for our products in the US has exceeded our expectations and we rapidly need to expand our production capacity with the help of our established partner Midsummer. Our new products, including our modern design driven solar roof shingle, have attracted a lot of attention in the industry. We are keen on delivering innovative solar in applications that have been largely unserved. The market is facing strong growth and we are very well positioned to capture a big portion of it", said Philip Gao, CEO, Sunflare.
"The future is very bright for solar energy, even without subsidies. We strive to be at the technical and market leading edge in this development. We have hired 40 new employees this year and expanded our factory in Järfälla with1.200 square meters to meet the demand for our products", Sven Lindström concluded.
