Meyer Burger secures financial institution authorization to buy SolarWorld manufacturing facility in Germany

• Financial Institutions of SolarWorld Industries have approved the sale of a production facility to Meyer Burger. The Swiss technology group prepares to manufacture extremely effective solar modules at the plant.

Industrial tools manufacturer Meyer Burger revealed strategies to become an integrated PV module maker in June. Within a month, the Swiss technology group stated it would certainly construct manufacturing centers for heterojunction solar cells as well as PV modules in the German communities of Bitterfeld-Wolfen and Freiberg.

In Bitterfeld-Wolfen, the company will certainly rent buildings formerly inhabited by solar cell producer Sovello on a long-term, economical basis. As well as in Freiberg, it has actually acquired a manufacturing facility from insolvent PV panel manufacturer SolarWorld Industries, in an offer that has actually simply been accepted by lenders.

As reported by bankruptcy administrator Christoph Niering, the acquisition price for the center in Freiberg is EUR12 million and consists of module production as well as a logistics center. The 4 production lines still situated there will be transformed and also incorporated into a new manufacturing procedure in the future.

Meyer Burger's German subsidiary likewise got all copyright civil liberties, consisting of brands, licenses, as well as domain names. "In Meyer Burger we have actually discovered a competent partner that will bring the outstanding framework at the Freiberg location back to life," claimed Niering.

Meyer Burger intends to produce 400 MW of heterojunction solar cells each year in Bitterfeld-Wolfen. It will certainly make PV modules at the manufacturing facility in Freiberg, which will certainly also have a preliminary manufacturing capability of 400 MW per year. Yearly output at the Freiberg center will certainly be increased to 5 GW by 2026. Both the Bitterfeld-Wolfen as well as Freiberg plants are arranged to start operations in the very first fifty percent of 2021.