Meyer Burger raises US$228 million in share rights issue

Facebook
Twitter
LinkedIn
Reddit
Email
Meyer Burger raised funds through the issuance of 20,144,423,886 new shares. Image: Meyer Burger

Swiss-owned solar manufacturer Meyer Burger has raised CHF206.75 million (US$228 million) following the closure of its rights offering. The offering was announced in February and clarified last month.

The funds, which were provided through the issuance of 20,144,423,886 new shares, will go towards Meyer Burger’s US expansion, where it is building a 2GW module production facility in Arizona and a 2GW cell manufacturing plant in Colorado Springs. Both sites will produce heterojunction technology (HJT) products.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Following the procedure of the rights issue, Meyer Burger said that 97.54% of the available shares were taken up through subscription rights offered to existing shareholders. These rights granted existing shareholders one new share for every share they already owned, and the option to subscribe for up to 28 shares if five subscription rights were exercised.

The company’s largest shareholder, Sentis Capital, purchased 3.276 million shares at CHF32.7 million (US$36 million). This represented all of its subscription rights and an additional 1.186 million offered shares.

On top of the 97.54% of shares taken up through subscription rights, Meyer Burger said that it had placed “all 496,302,442 new shares for which subscription rights were not exercised during the subscription period with various institutional investors.”

The first trading day on the Swiss Exchange for these new shares is expected tomorrow (5 April).

Meyer Burger is moving its manufacturing base across the Atlantic, following the favourable incentives for clean energy equipment manufacturing under the US’ Inflation Reduction Act (IRA) and the relative lack of support for manufacturers in Europe. The company announced the closure of its module production facility in Freiburg, Germany in January.

Largely as a result of this upheaval, Meyer Burger closed 2023 with a net loss of US$330 million. The company said that it manufactured just 650MW of its total 1.4GW of module production capacity over the year.

At the time of the results, Franz Richter, chairman, and Gunter Erfurt, CEO of Meyer Burger made a joint statement: “As the year progressed, it became clear that dumping prices from Chinese suppliers in Europe, coupled with a sharp rise in Chinese production overcapacity and a lack of market protection, led to unprecedented distortions in the European solar market, which had a serious impact on Meyer Burger’s earnings.”

7 October 2025
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

June 30, 2025
Voting on the US tax reconciliation bill is expected to begin in the Senate today, following a draft published on Friday that hit clean energy tax credits hard.
June 27, 2025
Renewables investment platform Nexwell Power has signed a round of power purchase agreements (PPAs) with “one of the largest” US tech companies for solar PV capacity to be built in Spain.
Premium
June 27, 2025
PV Talk: '2024 was a transformational year in terms of energy policy,' says Monika Paplaczyk ahead of this year's Clean Power 2030 Summits.
June 26, 2025
A group of minority shareholders in Norwegian silicon firm REC Silicon has triggered an investigation into the circumstances surrounding the closure of the company’s US polysilicon production site.
June 24, 2025
Chinese solar manufacturing giant LONGi has signed an agreement with Indonesia’s Pertamina New & Renewable Energy to build a 1.4GW module assembly plant in West Java, Indonesia.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico