Midsummer's business model changes with launch of solar roof

Source: midsummersolarroofs.se

April 10 (Renewables Now) - Swedish thin film solar technology company Midsummer AB (STO:MIDS) last week announced the launch of a solar metal sheet roof with which it will enter the end market for photovoltaic (PV) products.

The “Midsummer solar roofs” will be delivered ready for installation with the solar panels already part of the structure. The expected lifetime is 25 years with a 15-year guarantee for the roof and a five-year warranty for the PV panels. In addition, there is a guarantee that peak power from the solar roof will decline by no more than 10% in the first 10 years of use, and by no more than 20% in 25 years.

Midsummer has been focusing up to now on the supply of thin film solar manufacturing solutions, but it has decided it wants to also enter the market for ready solar products as it sees significant demand, including in the BIPV segment. It will do this via a combination of in-house production of solar panels for the end market and the establishment of a network of contract manufacturers.

Last month the Swedish firm said it planned to issue a green bond of up to SEK 500 million (USD 54m/EUR 48m) to strengthen its sales channels to end consumers, increase production of its DUO solar machines, and boost research and development (R&D).

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for almost nine years. She's got a soft spot for emerging markets.

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