Meyer Burger to take a US$ 2.2 million loss on heterojunction solar cell line agreement

• Meyer Burger Technology has actually concurred a settlement with Swiss headquartered PV maker, EcoSolifer over a 2015 on heterojunction (HJ) solar cell line contract that will cause a CHF 1.97 million (US$ 2.22 million) loss for Mayer Burger.

The company said that EcoSolifer had actually previously signed a contract in 2015 for a heterojunction solar cell line in 2015, yet had actually briefly suspended the sell 2016, leading to Meyer Burger storing the built tools.

Just Recently, Meyer Burger mounted the devices and achieved last approval at Ecosolifer's plant in Csorna, Hungary.

Nevertheless, Meyer Burger said that it would certainly make a disability charge of CHF 2.86 million (US$ 3.22 million) for its existing financial year on the postponed installations from 2015. This would lead to a bottom line of CHF 1.97 million (US2.22 million).

Although Meyer Burger had introduced this year it was leaving the PV tools field and comes to be a specialized PV manufacturer of HJ modules at the former SolarWorld production facilities in Germany, the company had actually agreed with Ecosolifer that it would provide support services to the Hungarian PV manufacturer and also had gotten an internet money inflow of CHF 0.89 million (US$ 1.0 million) innovative repayment for the support services.

Ecosolifer's new Hungarian center was built with a yearly nameplate capacity of around 350MW, while the first contract with Meyer Burger tools was around 100MW. Ecosolifer has strategies to broaden capacity to around 2GW via 2022. The PV maker would require to resource devices from different tools vendors to accomplish its objectives.