Meyer Burger sold out of modules until Q4 as supply chain issues linger
- Meyer Burger is sold out of its heterojunction solar modules till the fourth quarter of 2021 as the firm remains to be influenced by production ramp-up delays.
Having actually begun delivering its initial modules at the end of July and also obtaining orders from consumers across Europe and also the United States, Meyer Burger stated it is currently completely sold out till much into Q4.
Reporting its very first half results today, the Switzerland-headquartered company said its efficiency mirrors the realignment of its organization version that has actually seen it transform from a PV devices distributor to module supplier in the last year.
With sales under the old model phasing out and module deliveries only beginning in H2, Meyer Burger posted very first fifty percent sales of CHF 18 million (US$ 19.7 million), down on the CHF 51 million taped in the very same period last year. Because of the decrease in sales and also extra operating costs, EBITDA was CHF-30.9 million, contrasted to CHF-25.5 million in H1 2020.
Meyer Burger inaugurated its cell and also module factories in Germany in May of this year, with both beginning production with yearly capacities of 400MW. Having actually safeguarded financing in current months to support its growth, the business stated it is on track to reach its target of 1.4 GW of both cell and module production ability by the end of 2022.
As well as aiding the company gain from economic situations of scale, it is hoped the funding will allow it to utilize its manufacturing tools capability in a more uniform way, helping it to run a lot more successfully.
While manufacturing at both Germany sites is running around the clock, missing out on components needed for the scheduled ramp-up of the manufacturing facilities have actually delayed the commissioning of specific parts of the assembly line, suggesting the company's manufacturing volume is "presently still restricted", with it anticipating to get to complete ability a few weeks behind planned.
Despite supply chain challenges, Meyer Burger claimed it has protected the supply of crucial products for solar cell and also module production with binding agreements. It is currently providing partial deliveries to consumers to meet agreed distribution days in addition to possible others.
Meyer Burger now has around 30 customers, consisting of representatives such as BayWa r.e., Krannich Solar, IBC Solar, Sonepar, Memodo in Europe and also US distributor CED Greentech.
In addition to a future launch of a solar roofing system ceramic tile, Meyer Burger said it plans to use modules with its technology tailor-maked for the utility-scale solar sector from the second fifty percent of 2022.
In the business's half year report, Chief Executive Officer Gunter Erfurt and also chairman Franz Richter said the business is "experiencing solid tailwinds in view of internationally limited availability of photovoltaic modules as well as dramatically increasing prices. The drawback are likewise boosted product prices, which is why we are paying specific focus to our long-lasting and calculated purchase."
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