Meyer Burger starts M&A process, increases bridge loan

Facebook
Twitter
LinkedIn
Reddit
Email
meyer burger
Meyer Burger said it has extended and upsized its bridge facility to facilitate the M&A process. Image: Meyer Burger

Struggling Swiss solar manufacturer Meyer Burger has started a mergers and acquisitions (M&A) process with one or potentially more interested third-party buyers

This comes as the company extended and increased its bridge finacing facility signed in December 2024.

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

At the time the company had secured US$39.48 million to support its restructuring operations after US developer D.E. Shaw Renewable Investments (DESRI) terminated a 5GW supply agreement in the US.

Both companies are currently negotiating a new master agreement, according to Meyer Burger. The new agreement would supersede the master agreement for which DESRI sent a letter of termination in November.

Its module assembly plant in Goodyear, Arizona, is currently selling “substantially all” of its production to DESRI as part of projects agreed upon with DESRI, said Meyer Burger.

Ramp-up of the second module production line is ongoing, with the company targeting to reach an annual nameplate capacity of 1.4GW by the end of the year.

Moreover, the new bridge facility has been extended by nearly a month from the initial maturity det set for 17 January to 14 February, while it increased to US$59.5 million.

This allows the company to draw a tranche of US$11.2 million immediately and provide two additional sub-tranches of up to US$22.4 million, subject to conditions.

A difficult period for Meyer Burger

These latest developments come after a complicated year for the Switzerland-headquartered manufacturer, which started 2024 with the closure of its module assembly plant in Germany to focus on its US manufacturing footprint.

However, in August 2024 the company scrapped its plan to build a solar cell processing plant with an annual nameplate capacity of 2GW in the US state of Colorado. Soon after, the company unveiled job cuts, while its CEO at the time, Gunter Erfurt, stepped down. Less than a week after this announcement, the company named Franz Richter as its new CEO.

Furthermore, in 2024 the company suffered some financial hurdles, with a fivefold increase in net loss registered during the first half of 2024, while results for the second half have yet to be released.

11 March 2025
Frankfurt, Germany
The conference will 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 out to 2030 and beyond.
17 June 2025
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.
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
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.

Read Next

February 13, 2025
The announcement comes just days after the Trump administration announced plans for a 25% tariff on steel and aluminium imports.
February 12, 2025
Damaging hailstorms can occur frequently across states like Texas and Illinois which have become major utility-scale solar markets.
February 12, 2025
The projects will be developed by Sun Tribe Development and ENGIE across the US states of Virginia, Tennessee and Kentucky.
February 11, 2025
US technology giant Microsoft has signed virtual power purchase agreements (VPPAs) for 389MW of solar capacity with EDP Renewables.
February 11, 2025
The US solar industry was previously sanguine about Trump's initial tariffs, though the impacts of these metal tariffs are unclear.
February 11, 2025
A round-up of last week's news from China, including UtmoLight, the Mingyang Smart Energy Group and Leapting.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 17, 2025
London, UK
Solar Media Events
February 19, 2025
Tokyo, Japan
Solar Media Events
March 11, 2025
Frankfurt, Germany