Between 2025 and 2029, the funding firm of the Swedish furnishings group will purchase the photo voltaic modules made within the US by the Swiss photovoltaic producer. The settlement is the idea for Meyer Burger to extend the annual manufacturing capability of its Arizona website by nearly 2 GW.
From pv journal Germany
Swedish furnishings supplier Ikea has introduced that it’ll depend on Meyer Burger’s heterojunction photo voltaic modules for its personal panel providing sooner or later.
The group’s funding arm, Ingka Investments, concluded a four-year provide settlement with the Swiss photovoltaic producer for photo voltaic modules produced at Meyer Burger’s US plant in Goodyear, Arizona, to be delivered between 2025 and 2029.
The settlement is one among two contracts that immediate Meyer Burger to extend the annual manufacturing capability of the US plant from 1.6 GW to 2 GW. Ingka Investments will guarantee a adequate annual advance cost to allow Meyer Burger to buy and finance the equipment in addition to uncooked supplies for the manufacturing of the photo voltaic module.
The 2 corporations didn’t disclose the monetary and quantitative phrases of the deal. “We’re more than happy to be working with Ingka Investments, who will assist us within the speedy growth of our manufacturing within the USA by this off-take settlement,” mentioned Daniel Menzel, COO of Meyer Burger.
Ikea’s mum or dad firm Ingka Holding unveiled in March a plan to speculate €340 million ($375.1 million) to amass seven photo voltaic parks being developed by Enerparc in Germany and Spain. On the time, the furnishings large additionally mentioned it wished to refresh the Solstrale provide for residential PV functions, which was launched in 2019.
Ikea is at the moment energetic within the PV sector in Sweden, France, Australia, Italy, Germany, Switzerland, Belgium, Poland and the UK.
Ikea can also be making an attempt to cowl its personal electrical energy wants utilizing renewable power. Its aim is to change into local weather impartial around the globe by 2030.
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