Swedish thin film solar manufacturer Midsummer has secured roughly €8 million (US$8.6 million) to support the development of its 50MW copper indium gallium selenide (CIGS) thin-film cell manufacturing plant in Italy.
The European Commission (EC) has granted €3.6 billion (US$4.04 billion) to 41 large-scale clean tech projects via the EU Innovation Fund, including three projects on PV modules under the clean tech manufacturing category.
Swedish thinfilm solar cell manufacturer Midsummer will receive roughly €38 million (US$44 million) worth of financial incentives to build a 50MW factory in Bari, Italy.
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.