Swedish Firm Midsummer to Build Solar Factory in Colombia
Swedish solar technology leader Midsummer AB is making a significant stride into the Latin American market, announcing plans to establish a state-of-the-art solar factory in Colombia. This strategic expansion is backed by a successful capital raise, signaling a new chapter for the company and a major boost for Colombia’s renewable energy ambitions.
Fueling the Expansion: A Successful Capital Raise for Solar factory Colombia
To finance this ambitious project, Midsummer has successfully secured SEK 258 million (approximately €16 million) through a targeted share issue. According to company reports, the primary purpose of this funding is to facilitate the delivery of a full-scale solar cell factory to an as-yet-unnamed client in Colombia.
The capital will directly fund the production of the specialized machinery and equipment required for the facility. This move is a core component of Midsummer’s international growth strategy, establishing a crucial foothold in the rapidly growing Latin American renewable energy sector. The transaction includes a guarantor component, with related compensation for insiders set to be approved by shareholders at the company’s Annual General Meeting on May 20, 2026.
Midsummer’s Technological Edge: CIGS Thin-Film Cells for Solar factory Colombia
What makes this development particularly noteworthy is Midsummer’s unique technology. The company is a pioneer in CIGS (copper indium gallium selenide) thin-film solar cells. Using its proprietary DUO manufacturing system, Midsummer produces solar panels that are lightweight, flexible, and highly efficient.
Unlike traditional rigid silicon panels, Midsummer’s thin-film products are ideal for a wide range of applications, including integration into roofing materials and building facades. This versatility makes them particularly suitable for diverse architectural and infrastructure projects, opening up new possibilities for solar energy generation in urban and industrial environments. The new Colombian factory will be equipped to produce these advanced solar cells.
Strategic Importance for the Region: Solar factory Colombia
Midsummer’s investment marks a significant vote of confidence in Colombia as a strategic hub for green technology. By bringing its advanced manufacturing capabilities to the country, the Swedish firm is not only expanding its own global footprint but also contributing to the localization of the renewable energy supply chain in Latin America.
For investors and industry observers, Midsummer’s progress is one to watch. The company’s shares are traded on the Nasdaq First North Premier Growth Market under the ticker MIDS. While specific details about the Colombian client, the factory’s exact location, and the project timeline have not yet been disclosed, this move firmly positions Midsummer as a key player in the global transition to sustainable energy.
