Singulus bags EUR-50m CIGS machinery deal in China

January 16 (Renewables Now) – Singulus Technologies AG (ETR:SNG) has received a CIGS machinery supply contract for a volume amounting to EUR 50 million (USD 55.8m) from a unit of China National Building Materials (CNBM).

The German photovoltaics (PV) production equipment supplier said in a bourse filing on Wednesday that it has signed a contract with Bengbu Design and Research Institute of Glass Industry Co Ltd. The machinery it will deliver will be used as part of the 150-MW first expansion stage of the Chinese client’s CIGS solar module factory in the town of Xuzhou, Jiangsu province.

The plant in Xuzhou will be CNBM’s third CIGS production site and will have a total capacity of 300 MW. The state-owned Chinese firm will reach full capacity at the site after a second expansion project. The group also has production locations at Bengbu and Meishan, in Anhui and Sichuan provinces.

(EUR 1.0 = USD 1.116/EUR )

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