Meyer Burger in talks over PV module factory in Brazilian state Piaui

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
The factory would be financed “100%” by German investors. Credit: Meyer Burger

Governor of the Brazilian state of Piaui, Wellington Dias, has met with Switzerland-based PV manufacturing equipment supplier Meyer Burger to discuss the setting up of a solar module factory in the municipality of Paulistana, Piaui, in Northeast Brazil.

The Piaui government the factory would be financed “100%” by German investors, while Meyer Burger already has German partners to progress its Piaui activities.

The undisclosed German stakeholders were said to be interested in the growing PV market in Brazil and are planning to combine their manufacturing bases beyond Europe.

Dias said: “We are hitting a schedule of actions that depend on federal, state and municipal governments and we are committed, from January, to progress with these steps to make possible this important undertaking for Piauí and Brazil.”

The Brazilian Development Bank BNDES offers financing to PV players that follow a progressive nationalisation plan for equipment manufacturing including a level of local content compliance. For example, since 2014, to qualify for funding, all modules used in projects must have be sourced locally.

Read Next

July 29, 2021
Meyer Burger has revealed plans to launch a solar roof tile product, expanding its rooftop solar product range.
July 27, 2021
Canadian Solar has closed a BRL500 million (US$100 million) financing facility to develop a Brazilian solar portfolio claimed to be the country’s largest, while also giving it the option to hold built solar assets for longer.
July 26, 2021
Meyer Burger is considering its legal options after long-time heterojunction tandem solar cell manufacturing partner Oxford PV ended its collaboration agreement unexpectedly.
July 19, 2021
A round-up of the latest product news, featuring Philadelphia Solar’s plans for a 1GW module plant in the US, REC Group’s new N-Peak 2 panel and Meyer Burger’s IEC certification success.
July 1, 2021
Heterojunction cell and module manufacturer Meyer Burger has raised approximately US$258 million through the placement of shares and green bonds as it looks to accelerate its push into international solar module markets.
June 16, 2021
Meyer Burger will no longer sell the heterojunction cells it produces to third parties in a major shift in strategy, accelerating its capacity expansion plans in the process.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021