Meyer Burger transfers to come to be a solar cell and module producer

• With a CHF 165 million funding increase, the Swiss business intends to finance the growth of capabilities for very reliable solar cells as well as solar modules in Germany. Manufacturing is arranged to start following year. The critical partnership with REC Group has been discontinued.

The days of Meyer Burger Technology AG as a photovoltaic or pv production equipment carrier are numbered. The Swiss technology group introduced on Friday that it wants to change itself into a leading manufacturer of solar cells as well as solar modules. The Board of Directors has actually for that reason assembled a phenomenal general meeting on July 10. The investors should after that accept a resources rise with planned gross profits of CHF 165 million ($ 174 million).

With the profits from the funding boost, Meyer Burger intends to accumulate manufacturing capacities and also sales companies. With the organized takeover of existing manufacturing websites in Germany, the company is conserving considerable time and money. Nevertheless, Meyer Burger has not described which places it will take over.

The firm intends to begin manufacturing in the very first fifty percent of 2021 and also slowly expand over the adhering to years. It intends to begin with a capability of 400 MW per year. By 2022, ability needs to be more expanded to 1.4 GW for solar cells and also 800 MW for modules. In the long term, production quantities of 5 GW annually are targeted. Currently, there are also potential inbound orders from customers in Europe and also the USA with a quantity of greater than 2 GW each year for the heterojunction modules.

" The following step in innovation is comparable to the change from 4G to 5G in mobile interaction," claimed CEO Gunter Erfurt. "Only Meyer Burger has actually brought the 5G technology of the PV sector to market maturity. We can be on the market with our products in simply one year. Our manufacturing in Europe is affordable as well as has considerable earnings possibility."

The administration had currently presented their strategies to set up large-scale manufacturing at the common general meeting in mid-May. Meyer Burger wishes to rely upon its copyrighted heterojunction & smartwire technologies, which the company has continually established over the last few years. "The factor for this essential turnabout is the understanding that Meyer Burger has not had the ability to earn a profit from its technical management in the last few years," the firm claimed.

Meyer Burger stated that it would now create devices for heterojunction/ smartwire production solely for its own usage. By simultaneously developing its very own production abilities for the manufacturing of solar cells and modules, the whole included worth continues to be at Meyer Burger. To secure the know-how, it will no longer share future improvements in manufacturing centers with third parties. Just the business with typical equipment as well as the solution location need to proceed the same.

With the decision to become a photovoltaic or pv maker, the business will certainly also end its collaboration with REC. "Unfortunately, Meyer Burger can not become part of an equally useful teamwork with REC eventually, as REC had not been able to accomplish the commitments of the mutual statement of intent previously," was the factor this tactical choice was no more being pursued. Meyer Burger will certainly continue to hold its risk in perovskite startup Oxford PV in order to secure a growth of the development potential through the combination of heterojunction as well as perovskite technology.