Midsummer rang the opening bell at Nasdaq Stockholm on Thursday, with the solar energy technology company signaling the start of trading for its new green bond.
Trading of the green bond, which was issued on 25 April 2019 with an amount of US$20.6 million, has now started on the Sustainable Bond List of Nasdaq Stockholm.
With this green bond now listed, Midsummer will continue to expand at its factory in Järfälla, Sweden, while the company also received new equipment this summer.
Midsummer’s CEO Sven Lindström said: “With the Green Bond listed on Nasdaq on the Sustainable Bond List of Nasdaq Stockholm, we will be able to capitalize on our strong business momentum. We are encouraged by the strong interest for our strategy, business model and the interest to financially support Midsummer’s continued efforts to further strengthen our leading position within the rapidly growing market for light weight thin film solar cells.”
The proceeds from the green bond will be used to facilitate production and distribution of solar panels and solar cells; production of solar cell manufacturing equipment; research and development of solar panels, solar cells and manufacturing equipment as well as providing financing solutions for sales of the manufacturing systems.