Swiss solar manufacturer Meyer Burger faces a significant setback as its largest U.S. customer, D.E. Shaw Renewable Investments, has terminated a long-term agreement to purchase solar panels from its Arizona facility.
Colorado Springs solar cell plant halted as Swiss-German PV manufacturer announces company restructuring plans. Planned capacity expansion at Arizona module production plant also put on hold. Existing cell production site in Thalheim, Germany, to remain part of Meyer Burger operations.
Meyer Burger will start production at its US module factory as it relocates its core operations from Germany to the United States. It is launching production of heterojunction solar modules and securing financing for a new cell plant.
Meyer Burger says it plans to lay off 500 people at its PV module factory in Germany, but some employees might be relocated within the company. It says about 400 workers will lose their jobs.
Swiss solar panel maker Meyer Burger will seek shareholder approval for a rights issue of as much as CHF 250 million ($284 million) to finance the completion of its US manufacturing facilities in Colorado and Arizona.
Meyer Burger, a Switzerland-based heterojunction cell and panel manufacturer, says it will stop making PV modules in Germany, but it will continue to produce solar cells in the country to support its panel production operations in the United States.
Switzerland-based manufacturer Meyer Burger has developed black heterojunction (HJT) solar modules for balconies, featuring 800 W microinverters, smart control units, and mounting systems.
Meyer Burger is now prioritizing the establishment of new module and cell production facilities in the United States, driven by favorable market conditions in the country.
Meyer Burger plans to start a 2 GW cell factory in Colorado in the fourth quarter of this year.
Swiss manufacturer Meyer Burger says that in August it hopes to begin distributing its new gray solar tiles, which are already being used in pilot projects.
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