+44 (0)24 7671 8970
More publications     •     Advertise with us     •     Contact us
News Article

Midsummer receives grant payment from Invitalia of SEK 91 million


Swedish solar energy leader Midsummer has received a grant payment of approximately SEK 91m from the Italian investment authority Invitalia for the for the completion of its factory for the production of thin film solar cells in Bari, Italy.

This is the second payment according to the agreement the parties concluded and follows the approved factory inspection Invitalia did at the end of April. All manufacturing equipment is now installed on site and the factory is ready to scale up production as sales increase and when factory and product certifications are completed.

In total, Midsummer will receive approximately SEK 235m in grants to start production in what will be Europe's largest factory for the production of thin-film solar cells with an annual production capacity of 50 MW

The first payment of approximately SEK 73m took place last year. A smaller portion from Puglia Region is also planned to be paid out during the summer of 2024 and a final payment for the production-related part of the project is planned to be paid out in 2025. Those remaining payments amounts to approximately SEK 20m in total.

In addition, there is approx. SEK 50m that relates to the R&D part of the project and that will be paid out divided into several payments from 2025 when Midsummer reaches certain milestones.

“Another milestone reached”

“It is very gratifying to receive these funds which also serves to confirm the solid cooperation with Invitalia,” said Eric Jaremalm, CEO, Midsummer. “The Bari factory makes us a leader in thin film solar cells in Europe with the capacity to supply solar cells primarily to the vast amount of low load-bearing industrial roofs around Europe that cannot withstand the weight of silicon panels. It is the segment we identified as most interesting for Midsummer, and a gigantic market estimated at 25 GW (€20-30 billion) annually.”

Midsummer is also planning a new 200 MW factory in Flen, Sweden, which is planned to start production in 2026.

Invitalia is a state institution for investment and economic development, owned by the Italian Ministry of Finance. Invitalia strives to increase Italy's economic growth and focuses on strategic sectors for development and employment. Renewable energy has been identified as an important sector.

Midsummer receives grant payment from Invitalia of SEK 91 million
Nordex Group receives orders for 172 MW in Germany
Sunmaxx PVT and Oxford PV produce the world’s most efficient and 100% European made solar PVT module
Omnigen Energy completes R$250 million debt financing for solar plants development
Sonnedix inaugurates "Aprilia 1”
Nordex exceeds 5 GW threshold for installations in the Nordics
104,000 panel solar farm set to power The University of Manchester
New solar park in Spain combining agriculture and biodiversity provides VELUX Group with renewable power
New study by Low Carbon and Lancaster University to pioneer state-of-the-art technologies to measure biodiversity on solar farms
SIG Building Solutions Supplies Bespoke Solar Canopy Support Structures To Support 122 Kwp PV System
VARTA initiates and coordinates new project for next-generation energy storage
Equans Solar & Storage - Partnership with Destia in the Finnish solar PV market
Fields And The Sun: Agricultural PV, An Opportunity For The Energy And The Farming Industry
NextPower V ESG Makes CfD Acquisition
ACTIS Acquires ENEL Genracion Peru
Nexergy Holdings PLC and Lorentz Collaborate to Revolutionise Green Hydrogen Production
Ørsted Offshore Wind Farm Gode Wind 3 Generates First Power
Hercules Machinery Corporation Introduces the Revolutionary STR20-RC Piling Machine - A Game-Changer in Solar Farm Construction
LONGi Sets New World-Record for Silicon Solar Cell Efficiency
Boviet Solar Selects North Carolina For First North American Production Facility
Midsummer partners with Asian maker of thin film solar panels
Nordex Group receives order for 148 MW for N149/5.X turbines
Octopus Energy backs tech disruptor to turbocharge floating offshore wind farms globally
NextPower V ESG Reaches $745 Million To Date
Trina Solar announces 27% year-on-year increase in revenues in 2023 annual report
Enfinity Global closes $195 million of long-term financing for a 70 MW operational solar power plant in Japan
Trina Solar sets 26th world record as power output of n-type i-TOPCon module reaches 740.6W
BayWa r.e. realizes three PV rooftop installations for Merck and Tetra Pak
Fluke Announces New Solmetric PVA-1500HE2 PV Analyzer
Emeren Group and Nuveen Infrastructure Finalize 354 MWp Battery Storage Portfolio in Italy
Varco Energy acquires Sambar Power battery storage project in Cornwall
Fluke celebrates 25th anniversary with CalPlus GmbH

Search the news archive

To close this popup you can press escape or click the close icon.
  • 1st January 1970
  • 1st January 1970
  • 1st January 1970
  • 1st January 1970
  • 1st January 1970
  • 1st January 1970
  • 1st January 1970
  • 1st January 1970
  • View all news 22645 more articles
Register - Step 1

You may choose to subscribe to the Solar + Power Magazine, the Solar + Power Newsletter, or both. You may also request additional information if required, before submitting your application.

Please subscribe me to:


You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in: