Meyer Burger Expands in Arizona, Secures US Investment Partner
- Meyer Burger's new solar module facility in Arizona marks the beginning of a major expansion in the US, with plans for a second manufacturing facility in Colorado.
Meyer Burger has begun operations at its new solar module production facility in Goodyear, Arizona, and has secured an investment commitment from an unnamed US industry and technology player. The Swiss company is preparing to ramp up production in Arizona to reach 2 GW and is relocating its core operations to the US due to tough market conditions in Europe. Meyer Burger has also signed a three-year offtake deal with a major US company to purchase up to 600 MW of PV modules annually from the new factory starting in January 2026.
Additionally, Meyer Burger is working on setting up a solar cell manufacturing facility in Colorado Springs, Colorado, with an annual capacity of about 2 GW. The company is currently seeking debt financing from the US Department of Energy for this project, with an application under review. Meyer Burger's expansion plans in the US include fundraising initiatives such as a rights issue and a reverse stock split to support its growth in the country.
What are Meyer Burger's expansion plans in the US solar industry?
- Meyer Burger has begun operations at its new solar module production facility in Goodyear, Arizona
- The company has secured an investment commitment from an unnamed US industry and technology player
- Meyer Burger is preparing to ramp up production in Arizona to reach 2 GW
- The Swiss company is relocating its core operations to the US due to tough market conditions in Europe
- Meyer Burger has signed a three-year offtake deal with a major US company to purchase up to 600 MW of PV modules annually from the new factory starting in January 2026
- The company is working on setting up a solar cell manufacturing facility in Colorado Springs, Colorado, with an annual capacity of about 2 GW
- Meyer Burger is seeking debt financing from the US Department of Energy for the Colorado facility, with an application under review
- The company's expansion plans in the US include fundraising initiatives such as a rights issue and a reverse stock split to support its growth in the country.