CIGS thin-film cell technology solutions provider, Midsummer, announced the signing of a letter of intent (LOI) with an undisclosed leading producer and supplier of waterproofing products and services in northern Europe for the delivery of over 300-MW thin-film panels.
As per the LOI, Midsummer will deliver the panels to this northern European player from 2023 through 2027. "This is by far our largest single offtake agreement to date and further proof of how attractive our thin film solar cells are for the electricity-producing roofs of the future," commented Sven Lindström, CEO of Midsummer.
To date, Midsummer has signed offtake agreements for the pre-sale of more than 700 MW of its thin-film panels.
To support and ensure the delivery of pre-sale capacity, Midsummer seeks to expand the annual capacity of its new Swedish factory from 20 MW to 200 MW. The company's wholly-owned subsidiary Midsummer Italia is to reach the designed 50-MW production capacity upon completion by the end of this year.
In November, Midsummer announced signing six and four LOIs with roof material manufacturers, respectively, for a total capacity of over 330 MW.
Midsummer's thin-film panels are produced with its in-house developed machine Midsummer DUO, adopting CIGS technology and requiring no silicon, no aluminum frames and no glass encapsulation. The company declares that from material consumption to production and product installation, it has created the world's most environmentally friendly way of producing electricity with a climate footprint that is only one-tenth of traditional silicon panels.
The deal is not only proof of Midsummer's thin-film products but also an indication of the growth of rooftop thin-film solar market.