Singulus reports 300 MW CIGS equipment order

After being depressed for a number of years, some thin film solar production equipment suppliers appear to be receiving orders. Singulus today announced negotiations are currently in progress for a CIGS equipment supply deal in “high double-digital million euro amount."

Speculation as to which manufacturer is behind an equipment order is fraught with danger, although there are a limited number of CIGS manufacturers remaining in the global PV marketplace. Hanergy and Avancis are the only CIGS manufacturers who have been expanding capacity at present, and given Hanergy’s recent financial troubles, Avancis is likely behind this recent selenization equipment order.

Avancis is a German CIGS manufacturer, which was purchased by CNBM in 2014. CNBM, China’s largest building materials and glass group, has been looking to deploy the Avancis CIGS technology at scale in China. The Avancis CIGS technology has been deployed in BIPV applications, and given CNBM’s supply of the construction industry, this is likely to be a key part of its route-to-market strategy.

Singulus reports that the it began working on the order before the end of 2015. It notes that the deal is for “the first stage of a CIGS module factory.”

Singulus will be hoping that news of the deal will help convince bondholders to the deal that it has presented to them, when they meet on February 15. Yesterday Singulus released a statement in which it forecast 2016 sales of between €115 and €130 million (US$130 – 147 million), with its solar segment to account for over 70% of this figure.

This article was ammended to reflect that the supply contract has not yet been signed. Singulus reports that "soon expects to receive… [the] order."