The saga over Singulus Technologies sale of its CIGS module equipment to CNBM looks like it may finally reach its conclusion, as CNBM sends the German company prepayment. The signing of the contracts was delayed earlier in the year, forcing Singulus to revise its financial forecasts for 2016 and 2017.
However, news coming out of Singulus today is that it has received an announcement that prepayment has been made, and it should be fully received within the next couple of days. The deal is for 110 worth of CIGS module production equipment.
The various machines will be delivered to two different production sites for high-performance CIGS solar modules. They will initially be able to provide an output volume of around 150 MW at the respective sites.
The signing of the contracts, which took place at the end of May, was delayed, which meant that parts of the sale were also pushed back, causing some people to doubt the deal would actually be completed. However, with the sending of prepayment, it looks as if any fears have been alleviated.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.