Midsummer to scale up Swedish solar cell manufacturing amid skyrocketing demand

• Swedish thin-film solar innovation firm Midsummer abdominal (STO: MIDS) will look for to expand its international manufacturing capabilities with an additional capacity of approximately 20 MW amid a more comprehensive plan that could scale up its producing to 200 MW.

The firm claimed on Monday that the expansion effort is lined up with the sharp boost in demand for its products. Currently, Midsummer is making thin-film cells for solar roof coverings at a 2-MW manufacturing facility in Jarfalla, Sweden, where its head office lies and is preparing to open up a 50-MW thin-film copper indium gallium selenide (CIGS) solar cell factory in Bari, Italy. The Italian website results from open up by the end of 2022 as well as will certainly be the largest production center for thin-film solar cells in Europe.

"Although that the factory in Italy has actually not yet begun production, we see that demand is currently engulfing its capacity and also we therefore wish to increase capacity even more in Sweden," claimed chief executive officer Sven Lindstrom.

The Swedish company currently has in location a series of orders for the new plant's future output with building and roof manufacturing business as well as will certainly pursue comparable contracts for its Swedish factory. Its long-lasting goal is to reach a minimum of 1 GW of manufacturing capacity globally, which will certainly be attained via the building of a number of huge factories.

"The market capacity in Northern Europe is huge and also need for our products continues to be solid," the CEO included.

In the third quarter, Midsummer reserved record orders for its solar roofing system products, amounting to SEK 37.8 million (USD 3.3 m/EUR 3.4 m), up 63% in annual terms as well as 110% on the previous quarter.