Meyer Burger weighes legal choices as Oxford PV ends partnership

Jul 26, 2021 11:49 AM ET
  • Meyer Burger Technology AG (SWX: MBTN) is thinking about lawful options to impose its right after its perovskite solar cells manufacturing companion Oxford Photovoltaics Ltd terminated an existing cooperation contract between both "for own strategic factors".
Meyer Burger weighes legal choices as Oxford PV ends partnership
Image: Oxford PV

On Friday, Oxford PV introduced the completion of the build-out of its producing site in Brandenburg an der Havel, Germany, where it will conduct the quantity manufacturing of perovskite-on-silicon tandem solar cells. The manufacturing line there is anticipated to accomplish full manufacturing next year, with a yearly target manufacturing ability of 100 MW.

While revealing this turning point, Oxford PV stated it has additionally ended its unique partnership with Meyer Burger.

"Since 2017 we have been operating a little quantity line on site which has actually allowed us to optimize our item as well as confirm that we meet our long-term stability and manufacturability targets. Now that the technology awaits release and the factory build-out has actually been finished, we are thrilled concerning our journey ahead to realise our goal to make perovskite PV the mainstream solar technology," said Frank P Averdung, CEO of Oxford PV.

According to Meyer Burger's very own statement today, this choice is unanticipated. Both firms teamed up in March 2019 to jointly create the technology required for mass production of perovskite tandem cells based upon Meyer Burger's heterojunction silicon cell technology (HJT) and perovskite manufacturing devices. The collaboration brought about Meyer Burger getting a minority risk in Oxford PV. Presently, that ownership interest totals up to 19.76%.

For many years, Meyer Burger operated as a vendor of equipment and also devices for the solar industry, but previously this year made its debut as a solar cell as well as modules manufacturer. The Swiss company stated that Oxford PV's choice to end the partnership has no effect on the success of Meyer Burger's change or its forecast. It included that it holds a portfolio of procedures, technologies as well as manufacturing methods for its very own potential automation of tandem solar cells and also modules.

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