meyer burger

Struggling Swiss solar manufacturer Meyer Burger has started a mergers and acquisitions process with interested third-party buyers.

The demise of SunPower and the ongoing struggles of Maxeon dominated the news in Q3 2024, along with forecasts of a lengthy industry downturn.

Swiss solar manufacturer Meyer Burger has secured US$39.48 million to support its restructuring operations and “stabilise” its business.

Both companies had signed a long-term supply agreement for up to 5GW of modules back in 2022, with deliveries expected between 2024 and 2029.

Swiss-based solar manufacturer Meyer Burger has registered a net loss of CHF317 million (US$365 million) in the first half of 2024, a nearly fivefold increase from H1 2023 when it had a net loss of CHF65 million.

Meyer Burger has published its preliminary results for H1 2024, which include module sales of CHF43.4 million (US$51.5 million).

Swiss-owned PV manufacturer Meyer Burger has appointed Franz Richter as its new CEO, less than a week after Gunter Erfurt stepped down .

The company announced a 'strategic realignment' of its operations to 'ensure [a] return to profitability'.

Meyer Burger will scrap its proposed 2GW solar cell manufacturing plant in Colorado, claiming that the project is not 'financially viable'.

The American Alliance for Solar Manufacturing Trade Committee claims that imports from Vietnam and Thailand have "accelerated" since April's AD/CVD petition, and has alleged Critical Circumstances.