Midsummer AB

09/09/2020 | Press release | Distributed by Public on 09/09/2020 00:00

Swedish solar tech company Midsummer opens a branch in Italy

Swedish solar tech company Midsummer opens a branch in Italy
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.

'There is simply no other company in the world able to produce flexible solar
panels as technologically advanced end esthetically astonishing as Midsummer
WAVE, BOLD and SLIM' says Jarno Montella, newly appointed CEO of Midsummer
Italia.  'With their 2mm thickness, capacity to bend and extreme simplicity of
installation, our products are at the top end of the spectrum of globally
available solar panels' he added. 'The products are ideal for the newly launched
110 % tax rebate that allows homeowners in Italy to install PV systems for free.
'Our products can stick on thermal coating material and therefore provide an
integrated solution to isolate a rooftop and produce electricity'
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. The company has also identified opportunities to refurbish
older rooftop installations with high feed-in tariffs and old degraded solar
panels. By changing some of those panels to Midsummer panels, a higher
electricity production will be generated and thus increasing the value of the
installation.

'I am thrilled to have the opportunity to lead the expansion of Midsummer in
Italy. We will be working on many different fronts: production, sales and
acquisition of PV assets. My ambition is to contribute to spread the 'Midsummer
spirit' in Italy: a blend of friendliness, passion for solar innovative
technology and professionality' concludes Jarno.

For further information, please contact:

Jarno Montella
CEO, Midsummer Italia
E-mail: [email protected]

Helena Engelbrecht
Head of Communications, Midsummer
E-mail: [email protected]
Phone: +46 76 789 77 78

About Midsummer
Midsummer (https://midsummer.se/en/) is a leading developer and supplier of
advanced solar energy technology solutions for the production and installation
of thin film solar panels. Its business offering includes equipment for cost
-effective manufacturing of thin film solar cells as well as building-integrated
photovoltaic (BIPV) solutions. Midsummer's production process for thin film
solar cells has a minimal carbon footprint compared to other production
processes for solar modules. Midsummer's DUO
system (https://midsummer.se/en/business/machines/duo/) has taken the position
as the most widespread manufacturing tool for flexible CIGS solar cells in the
world.

Midsummer develops and markets solar panels directly to end customers from its
own production and via contract manufacturers. The Midsummer Solar
Roofs (https://midsummersolarroofs.se) product range Midsummer
SLIM (https://midsummersolarroofs.se/midsummer-slim/), Midsummer
WAVE (https://midsummersolarroofs.se/midsummer-wave/) and Midsummer
BOLD (https://midsummersolarroofs.se/midsummer-bold/) offers customers light,
thin and flexible solar panels that result in attractive solar roofs.
Midsummer's technology is based on a rapid process for the production of
durable, flexible CIGS solar cells using sputtering of all layers of the solar
cell in a sealed vacuum chain. The Company's share (MIDS) is traded on Nasdaq
First North Premier Growth Market with G & W Fondkommission as Certified
Adviser, phone: +46 (0)8-503 000 50, email: [email protected] For more
information, please visit: midsummer.se

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