In order to capitalize on the strong momentum, Midsummer has mandated DNB Markets and Nordea as joint arrangers for a potential four year, SEK denominated, senior unsecured green bond issue. The green bond will have a framework of SEK 500 million. The net bond proceeds from the issue will be used in line with the green bond framework dated March 22, 2019.
“Midsummer is firmly established as the leader in the development and supply of energy-efficient thin film solar cells, ideal for the booming urban BIPV (building integrated photovoltaics) market,” said Sven Lindström, CEO, Midsummer. “Considering the strongly increasing demand for our solutions and the still huge global potential for BIPV, we wish to accelerate production capacity, sales channels and growth.
“This includes evolving our business model from mainly selling manufacturing equipment to also include considerably increased in-house production of solar panels for the end market, and the establishment of a network of contract manufacturers.”
