Singulus gets new CIGS order

A new order for the delivery of several Tenuis II CIGS production plants was announced by Germany’s Singulus Technologies AG on Tuesday. The equipment for wet-chemical coating processes will be supplied to a subsidiary of an undisclosed energy company and module manufacturer from China. The order volume is in the higher single-digit million range, the company said. The agreed deposit had already been received.

Singulus CEO, Stefan Rinck sees the new order as confirmation of his company’s leading role in CIGS thin film systems. The second generation of Tenuis manufacturing production systems have a modular cluster design, which helps companies reduce their footprint and allows the simultaneous one-sided coating of two substrates.

Last year, Singulus secured a contract for the supply of CIGS production facilities worth € 110 million from Chinese state-owned CNBM. This is currently being processed. Negotiations are still underway on the implementation of the second planned module plant with CNBM. As a result, Singulus had to cut its forecast for the current financial year just four weeks ago. The next phase of the large-scale project will not be realized until next year. As such, the sales and revenues originally planned for this year have been pushed.