Meyer Burger Advances U.S. Expansion Strategy

Meyer Burger Technology AG has announced considerable progress in relocating its core business to the USA. The company has commenced production at its new solar module plant in Goodyear, Arizona, following a successful factory audit. Additionally, the firm has entered a strategic partnership with a leading U.S. technology group to amplify activities in the region.

The Swiss solar technology company has secured a fourth long-term offtake agreement with a major new customer. This agreement covers a total volume of 1.75 gigawatts over three years, with an option to extend by two more years. Moreover, the financing of a new solar cell plant in Colorado is advancing, targeting mid-third quarter for loan finalization.

Meyer Burger eyes expanding its U.S. operations, including reaching a finalized binding agreement for a strategic collaboration and securing more financing options. The company has submitted a final application for a loan from the US Department of Energy to finance the Colorado Springs plant, currently under review.