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Midsummer to form JV with Indonesia’s Metalogika

4 d ago

Swedish solar technology firm Midsummer AB and Indonesian industrial company PT Metalogika Rekayasa Sistem have signed a binding framework agreement to form a joint venture for manufacturing lightweight, flexible copper indium gallium diselenide (CIGS) thin-film solar cells and photovoltaic modules in Indonesia, starting with a 20MW annual production capacity and a roadmap to scale toward 200MW and eventually gigawatt levels. The initial 20MW facility will use Midsummer’s proprietary DUO system and related equipment, with the joint venture handling procurement after incorporation and securing Indonesian investment and import approvals. Midsummer will supply manufacturing equipment and services while holding a minority stake. Following commissioning, the partners plan to evaluate expansion to 200MW annually, with longer-term potential for gigawatt-scale production, subject to market demand, financing, and operational performance. Midsummer CEO Eric Jaremalm called the deal “another validation of Midsummer’s technology and strategy to offer partners a complete industrial manufacturing platform.” PT Metalogika president director Firrisky Nurtomo emphasized the goal of building advanced solar manufacturing in Indonesia to support energy independence, noting alignment with President Prabowo Subianto’s recently launched US$73 billion program to build 100GWp of solar capacity and electrify 80,000 rural areas. Indonesia, the largest economy in Southeast Asia with a GDP exceeding US$1.4 trillion, currently relies on fossil fuels for about 82% of its power generation. Its equatorial location offers massive solar potential, with high daily solar radiation averages. The joint venture aims to initially serve the Indonesian market and progressively support Southeast Asian demand, positioning Indonesia as a key manufacturing node in Midsummer’s distributed production ecosystem.