CIGS PV firm Midsummer doubles annual revenue

Midsummer AB of Järfälla, near Stockholm, Sweden – a provider of turnkey production lines for manufacturing flexible, lightweight copper indium gallium diselenide (CIGS) thin-film photovoltaic (PV) solar cells – has reported record financial results for full-year 2016. Revenue nearly doubled on 2015 to SEK60m and annual profit rose to SEK10m, due to several new orders for DUO thin-film solar cell manufacturing systems.

“The market acceptance for our solar energy technology solutions increased,” says CEO Sven Lindström. “The DUO system is now the most widely spread manufacturing tool for flexible CIGS solar cells in the world,” he reckons. To meet the increased market demand, Midsummer hired 15 new staff during the last year.