Meyer Burger Technology AG considers shutting down its German module production due to lack of support, awaiting measures by mid-February 2024; potential closure impacts 500 employees. The company plans to focus on the US market, with 5.4 GW capacity agreements. Financially, it expects a CHF 126 million EBITDA loss for 2023, with CHF 450 million funding needed for positive cash flow. Meyer Burger explores partnerships and US funding options. European solar industry faces challenges with Chinese module imports; trade measures debated, but 433 companies caution against potential harm to the EU sector.
Meyer Burger contemplates closure of German module production amidst lack of support, shifts focus to US market
Meyer Burger Technology AG plans to shut down its German module production due to insufficient support, impacting 500 employees. Image Credit: Meyer Burger Technology AG
The Horsham project combines solar and battery storage, supporting grid stability and peak demand management. (Image Credit/Source: Atimedia/Pixabay)
The 20 MW solar project actively supports Eramet’s SBTi roadmap and climate goals. (Image Source: SolarPanal/Pixabay)
Sherco Solar is the Upper Midwest’s largest solar project, set to power 150,000 homes when fully operational. (Image Source: Xcel Energy)
The PIF4 project includes Haden (1 GW) and Al Khushaybi (1.6 GW) solar power plants in Saudi Arabia. (Image Source: Sineng Electric)