Singulus’ CIGS order from China cut to just €10m

Singulus, the German-headquartered solar equipment manufacturer, has announced today that a sizable order received in March from a Chinese company has been reduced by around half.

Originally confirmed on March 3 for an order value of €20 million, the order from the unnamed Chinese solar company is now just €10 million.

The supply contract was for Singulus’ CIGS production technology, namely its VISTARIS vacuum sputtering systems and its TENUIS II system for wet chemical buffer layer deposition.

Singulus did not reveal the reasons why the order volume was cut in half, nor was the name of the company – thought to be an existing client – confirmed.

Singulus had reported in May positive revenue and profit for the first quarter (Q1),with an order intake at the end of March standing at €92.9 million. That volume will now have to be revised down to around €83 million, which still represents a considerable improvement on 2016’s Q1 order volume figure of €22 million.