Midsummer reports US$6.82 million in sales for 2016

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Sweden-based flexible CIGS thin-film manufacturing equipment supplier Midsummer said it had almost doubled sales in 2016, leading to a profit for the year. Image: Midsummer

Sweden-based flexible CIGS thin-film manufacturing equipment supplier Midsummer said it had almost doubled sales in 2016, leading to a profit for the year.

Midsummer said that it had sales of SEK60 million (US$6.82 million) in 2016, due to the successful execution on several tool orders. The company reported a net profit of around US$1.13 million.

“2016 was a record year for us,” said Sven Lindström, CEO, Midsummer AB. “We did some great business, and the market acceptance for our solar energy technology solutions increased, which resulted in several orders for our compact DUO thin film solar cell manufacturing system. The DUO system is now the most widely spread manufacturing tool for flexible CIGS solar cells in the world.”

The company said it had hired 15 new employees during last year to meet demand.

Read Next

June 16, 2021
EQT infrastructure has announced a takeover bid for Solarpack, which owns approximately 450MW of operational solar PV projects.
April 23, 2021
Despite dozens of net-zero targets being announced and deployment of renewable energy ramping up globally over the past year, just 10% of countries have shown “steady and consistent” progress in their energy transition plans, according to a new report from the World Economic Forum (WEF).
April 22, 2021
Danish solar company Better Energy is expecting to improve its financial performance this year thanks in part to its transition from a project developer to an independent power producer (IPP).
April 20, 2021
Amazon has announced plans for nine new utility-scale solar and wind projects in the US, Canada, Spain, Sweden and the UK, putting it on track to powering all its activities with renewables by 2025.
September 24, 2020
BayWa r.e. will construct a PV facility in Sweden with a capacity of at least 100MWp, as the renewables developer eyes a significant solar expansion in the country.
March 31, 2020
UK-headquartered solar developer Solarcentury has sold its residential solar arm to Svea Solar, allowing the firm to refocus its efforts entirely on utility-scale developments.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 6, 2021
Solar Media Events
August 24, 2021
Solar Media Events, Upcoming Webinars
October 6, 2021