Singulus reports CIGS order intake of over EUR 40m

German solar production machinery supplier Singulus Technologies AG (ETR:SNG) has received prepayments for more than EUR 40 million (USD 48.3m) worth of CIGS production equipment orders in the first months of 2018.

China National Building Materials (CNBM), which in December ordered five selenisation machines for the production of (copper indium gallium selenide) solar modules, has now made the prepayment as part of the contract, Singulus said on Thursday.

The German company explained that the delivery of the five CISARIS selenisation machines to CNBM’s Bengbu factory in China’s Anhui province will expand the facility’s total production capacity to 300 MW from 150 MW. The plan for the site is to reach 1,500 MW.

Also, in the last days Singulus has received a EUR-10-million contract to deliver CIGS production machines of the TENUIS II type for wet-chemical coating processes to a unit of “a large, stock-listed energy company and producer of solar modules in China”. The prepayment for this deal has already been made.

The company’s order backlog now exceeds EUR 130 million, according to CEO Stefan Rinck.

(EUR 1.0 = USD 1.207)

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