Is Midsummer launching a solar plant in Italy?

Today Midsummer signed a purchase agreement on an industrial plant in Bari in southern Italy to start a large-scale production of solar panels, in a region that is ranked number one in Italy in electricity production from solar installations.

Where is Midsummer solar based?

Swedish solar technology leader Midsummer establishes a branch in Rome, Italy. The subsidiary is named Midsummer Italia and it will carry on activities spanning from production to sale of solar panels.

What is the capacity of Midsummer's new factory in Italy?

The factory will have a peak capacity of 50MW per year. Work on the factory layout design has begun. “We are happy to have signed the agreement on our new factory in Italy today according to our plans which we communicated during the recently finalized new share issue”, said Sven Lindström, CEO, Midsummer.

How will Midsummer invest in Italy?

Midsummer is going to invest substantial resources in Italy. The company plans to expand its production capacity by setting up a factory in the south of the country. The factory will have a peak capacity of 50MW per year. The production output will be sold to private customers in the premium segment through selected partners in Italy.

Where is Midsummer BIPV manufactured?

It will mostly serve southern European markets. Midsummer's new factory will be located in Bari, in the southern Italian region of Apulia. Swedish BIPV module manufacturer and CIGS turnkey equipment supplier Midsummer has begun work on its 50 MW manufacturing facility in Bari, in the southern Italian region of Apulia.

How much does Midsummer buy from pugliasfalti?

As part of the agreement, Midsummer agrees to buy up to 30,000 sqm of TPO installations (thermoplastic polyolefin, a single-ply roofing membrane) per year from PugliAsfalti at a price of EUR 100 per square meter. The quantities are not binding for any party, and the prices can also change under certain conditions.