Updated: Leading PV manufacturing equipment supplier Meyer Burger Technology is seeking a new business model with integrated PV module manufacturer, REC Group to establish revenue share from establishing multiple gigawatts of heterojunction (HJT) solar cell and module production in Singapore.
Meyer Burger said that it has signed a memorandum of understanding (MoU) for a strategic collaboration with REC Solar Pte. Ltd, which is the core manufacturing arm of REC Group, located in Singapore.
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The two have already partnered on a 600MW HJT / SmartWire equipment deal, which the MOU would extend that to gigawatts of HJT module production in a profit sharing agreement, intended to risk of commoditization of equipment and technology for PERC (Passivated Emitter Rear Cell) that has impacted revenue streams for Meyer Burger.
In return, REC Group would gain certain levels of unspecified protection for specific HJT and SmartWire Connection technologies, enabling the company to differentiate its products further.
Hans Brändle, CEO of Meyer Burger said, “This represents a fundamental change to industrial dynamics, as valuing our leading edge technology and our continuing efforts to drive the PV technology roadmap.”
A definitive agreement on the profit share and reach of exclusivity has yet to be agreed between REC and Meyer Burger. However, Meyer Burger said that a deal was expected in the coming months and approved by the respective Boards of Directors.
Seperately, REC Group's CEO Steve O'Neil stated in a press release: “Together with Meyer Burger, REC developed the industry's flagship panel, the Alpha. We are confident that strengthening our partnership with Meyer Burger will further drive innovation and higher efficiencies, the only way to strongly empower consumers with clean and affordable solar energy and accelerate energy autonomy of communities worldwide.”