Midsummer and Metalogika launch Indonesian hub for thin-film solar manufacturing

An update from Midsummer AB ( (SE:MIDS) ) is now available. Swedish solar technology provider Midsummer AB and Indonesian industrial firm PT Metalogika Rekayasa Sistem have agreed to create a joint manufacturing platform in Indonesia for thin-film flexible solar panels, anchored by Midsummer's DUO production systems. The venture is designed to supply the Indonesian market and export destinations, with Midsummer providing equipment, services and taking a minority stake in the new entity. The initial facility is planned with a production capacity of 20 MW per year, structured to align with Indonesia's investment and import rules, and is envisioned as the first step toward a scalable roadmap. Following successful ramp-up, the partners aim to expand capacity up to 200 MW annually and potentially toward gigawatt scale, positioning Indonesia as a key manufacturing hub within Midsummer's global ecosystem and supporting the country's push for energy independence and large-scale solar deployment. The collaboration is framed as strategic validation of Midsummer's technology and full-platform offering, while Metalogika seeks to build a local solar manufacturing ecosystem using advanced thin-film capabilities. The project aligns with Indonesia's strong solar potential and policy ambitions, including a multi-billion-dollar national program to install 100 GWp of solar capacity and electrify tens of thousands of rural areas, underscoring significant growth prospects for both partners and the wider regional solar industry. The parties will next incorporate the joint venture, finalize investment and governance structures, secure Indonesian approvals and incentives, arrange project financing and sign detailed equipment and technology agreements. If executed as planned, the initiative could accelerate domestic solar manufacturing, reduce reliance on fossil fuels in Indonesia's energy mix and strengthen Southeast Asia's role in the global renewable energy supply chain. More about Midsummer AB Midsummer AB is a Swedish solar energy company specializing in lightweight, flexible thin-film solar cells and photovoltaic modules. The company focuses on providing proprietary manufacturing equipment, such as its DUO production system, and integrated industrial platforms to partners in emerging and established solar markets worldwide. Average Trading Volume: 818,553 Technical Sentiment Signal: Buy Current Market Cap: SEK807.8M For an in-depth examination of MIDS stock, go to TipRanks' Overview page. This story was written using TipRanks's AI tools and reviewed by a TipRanks editor. Disclaimer & DisclosureReport an Issue