Singulus bags €20 million tool order from India

Facebook
Twitter
LinkedIn
Reddit
Email
Singulus is to supply a c-Si cell production to an Indian customer. Image: Singulus.

PV manufacturing equipment specialist Singulus is to supply one of its PV cell production lines to an Indian manufacturer.

Few details of the deal have been disclosed, but Singulus said the order was worth €20 million (US$21.8 million) and was for manufacturing of crystalline silicon solar cells.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The company said full financing of the order was expected in 2016. PV Tech has contacted Singulus for further information on the deal.

The deal is the second sizeable PV tool contract revealed in as many days from an Indian manufacturer; yesterday PV Tech reported an order from an Indian company of two stringer machines from Germany-based M10 Industries.

The orders underline the steadily improving business environment for tool manufacturers, who have been among the last in the PV value chain to benefit from the uptick in manufacturing seen this year. They also hint at India becoming an increasingly important upstream market as domestic PV manufacturers look to ramp production to meet growing local demand for modules.

Financial restructuring

In related news, Singulus said that a resolution had been reached this week to press ahead with a planned financial restructuring of the company.

The company will convene a bondholder meeting in mid January 2016 to discuss previously mooted plans to swap bonds for shares in an attempt to reduce debt.

Along with most other PV tool suppliers, Singulus has been struggling with heavy losses, although the company recently reported that it expects sales from its solar segment to double this year as the upstream PV market picks up.

7 October 2025
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.

Read Next

June 27, 2025
Indian solar manufacturer Premier Energies has commissioned its 1.2GW TOPCon solar cell manufacturing line at Fab City, Hyderabad, Telangana.
June 26, 2025
A group of minority shareholders in Norwegian silicon firm REC Silicon has triggered an investigation into the circumstances surrounding the closure of the company’s US polysilicon production site.
June 26, 2025
ACEN has partnered with UPC Renewables to build two renewable projects in Rajasthan and Karnataka, India. 
June 25, 2025
Emmvee has secured INR15 billion (US$174 million) order for TOPCon bifacial solar modules from KPI Green Energy. 
June 25, 2025
State-owned firm Solar Energy Corporation of India (SECI) has launched a solar-plus-storage tender seeking 1.2GW of solar PV.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA