Swiss PV producer Meyer Burger reached its 321 MW manufacturing quantity goal final yr, and its growth to the gigawatt scale is underway, because it just lately accomplished two extra buy agreements with large prospects. Additionally it is making use of for a whole lot of thousands and thousands of funding help from the EU Innovation Fund, with a remaining resolution to be made in the summertime.
From pv journal Germany
Meyer Burger continues to extend cell and module manufacturing at its manufacturing unit in Bitterfeld-Wolfen, Germany. Final yr, it achieved the goal manufacturing quantity of 321.1 MW, as said within the newly revealed annual report for 2022. It’s reported that it produces 830,000 photo voltaic modules and 700,000 photo voltaic cells per day.
After finishing the manufacturing ramp-up, its capability will improve to greater than 1 million photo voltaic cells per day, in accordance with Meyer Burger. The second manufacturing line began operation in September.
“There’s growing certainty that the manufacturing traces at our German areas will attain the required nominal capacities when totally operational,” says Meyer Burger.
Nevertheless, the producer can be tormented by considerations, particularly on the subject of supply instances for digital parts. At the least in idea, it’s about to turn out to be a gigawatt manufacturing unit. This yr, manufacturing capacities will probably be expanded to 1.4 GW per yr. By the top of 2024, it ought to improve to three GW. And the producer determined to scale the deliberate manufacturing of the module in the US from 1.6 GW to 2 GW. The elevated output of about 25% is especially attributed to the ramped-up manufacturing of glass modules.
Growth requires capital above all else, and Meyer Burger is attempting to collect as many sources as attainable. In response to the corporate, “important funding in new programs” is required for the mandatory growth of Thalheim’s cell capability. To this finish, the producer concluded new buy agreements for added manufacturing volumes from 2025 with two undisclosed “well-known” firms.
The acquisition assure runs for a number of years, and the contracts are arrange in the same method to a purchase order settlement beforehand concluded with US undertaking developer Desri, in accordance with Meyer Burger. Investments in new programs are largely coated by corresponding advance funds from prospects.
Meyer Burger additionally submitted an software for the third name for proposals from the EU Innovation Fund in March. The corporate is hoping for funding within the three-digit million vary to help the event of gigawatt-scale photo voltaic cell and module manufacturing in a number of European international locations. A call is anticipated in the summertime of 2023.
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As well as, the just lately revealed Inexperienced Deal Industrial Plan of the European Fee offers cause for additional hope. It’s anticipated to be carried out in EU member states within the second quarter of this yr, which may positively have an effect on Meyer Burger’s enterprise in Europe. In view of the beneficiant help for US industrial coverage by means of the US Inflation Discount Act (IRA), Europe ought to shortly comply with go well with.
Along with the established order and plans for the long run, the annual report of Meyer Burger additionally incorporates the monetary figures of the earlier yr. The corporate’s gross sales rose from CHF 39.9 million ($43.56 million) to CHF 147.2 million inside a yr. It mentioned that the sale of 250 MW of heterojunction modules was value CHF 125 million The corporate declared a web consequence for 2022 of CHF -69.9 million, thus decreasing the loss by virtually a 3rd in comparison with final yr.
Meyer Burger at present sells its modules in 15 international locations at “enticing gross sales costs”, in accordance with the corporate. The strongest markets for the producer are Switzerland, Germany, Belgium, and Italy. Australia and the UK, amongst others, will probably be added as new gross sales markets this yr. Distribution takes place by means of about 50 wholesalers and greater than a thousand registered installers.
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