Midsummer’s minority stake in a new Indonesian joint venture marks its second copper indium gallium selenide (CIGS) manufacturing partnership abroad, following a similar equipment-and-know-how deal in Colombia and a decision to shelve its own planned Swedish factory.
Swedish thin-film solar equipment maker Midsummer AB and Indonesian industrial group PT Metalogika Rekayasa Sistem said they have signed a binding investment and industrialization agreement to establish flexible CIGS solar cell and module manufacturing in Indonesia.
Under the deal, Metalogika plans to build a production facility with initial capacity of 20 MW per year, with potential expansion to up to 200 MW annually, to supply solar panels to the Indonesian market and for export.
Midsummer will supply manufacturing equipment and related services for the plant, including its proprietary DUO thin-film production system, and will take a minority equity stake in the new joint venture. The companies did not disclose the exact size of Midsummer’s stake.
The companies said the joint venture will first be formally established, followed by finalization of governance terms, Indonesian regulatory approvals and incentives, project financing, and definitive equipment and technology agreements, before manufacturing equipment is imported.
