The EU and Midsummer have inked a EUR 32.3 million grant agreement for a cutting-edge 200 MW thin film solar cell facility in Sweden. The agreement outlines construction timelines, grant payments, and other conditions. Set to kick off production in Q1 2026, the project is slated to create 250 jobs, contributing to Midsummer’s ambitious target of exceeding 1 GW total production by 2030.
Midsummer gets €32M EU grant for new solar factory
The grant supports Midsummer’s proprietary CIGS thin film solar cells, designed for installations on roofs across Europe. Illustration from Midsummer Solar.
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)
Part of SECI’s 2 GW ISTS initiative, the project will deliver four hours of peak power daily for 25 years. (Image Credit/Source: Pixabay/Pexels)
Ethical Power Italia’s first EPC projects in Italy, two solar farms for Encavis AG, will generate 28 GWh annually. (Image Credit/Source: TomFisk/Pexels)