Sweden-based, global CIGS thin-film cell solutions leader, Midsummer, announced that it has signed letters of intent (LOIs) with six companies for the pre-sale of 107 MW of thin-film solar panels. These companies are involved in roofing material manufacturing, property management and solar cell installation.

The Swedish factory in Midsummer has an annual capacity of 2 MW. Its wholly owned subsidiary, Midsummer Italia, is expected to start mass-scale production in 2023 and reach an annual capacity of 50 MW. Combined, Midsummer has a total capacity of approximately 52 MW per year.

Midsummer Team Presents Latest Thin-Film Panel Product
Photo: Midsummer

Earlier this year, Midsummer signed agreements with three Italian building materials and roofing companies to supply 15 MW per year—over five years, 75 MW in total. Counting the deals discussed today, Midsummer has now signed LOIs and agreements for the supply of 182 MW thin-film solar cells.

This is the clear proof of a super strong demand for our attractive and sustainable products that we in a short time span can sign many large offtake agreements for the future delivery of solar cells and this confirms our aggressive growth plan.

—said Sven Lindström, CEO of Midsummer.

The company owns the entire value chain; its thin-film solar cells are manufactured by its flagship machine Midsummer DUO. The technology, process and business are commercially proven after decades of experience as a manufacturer of unique state-of-the-art production lines, and solar panel and roof products.

Midsummer’s CIGS cells require no silicon, no aluminum frame and no glass encapsulation for efficient material consumption, production and installation. Midsummer says in its latest sustainability report that it has developed the most environmentally friendly method of producing electricity known today.

“Midsummer products have up to 90 percent lower climate footprint in a life cycle than traditional panels, and even less than wind and hydropower. Along with our other appearance advantages, weight, strength, ease of installation without a mounting system and installed power per roof, it becomes an unbeatable offer,” explains Lindström.

The company recently announced plans to raise capital for the construction of a new factory in Sweden with an initial 20 MW annual capacity and eventually 200 MW. Midsummer also has an ambitious long-term goal of realizing at least 1,000 MW of capacity by 2030, with more construction plans on its agenda.

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