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.
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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.
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