Swiss solar technology company Meyer Burger is shifting its core operations from Germany to the United States. The company is poised to begin production at its new U.S. factory, which will focus on high-efficiency heterojunction solar modules.
Collaboration With a Leading U.S. Company
Meyer Burger has forged a strategic partnership with an undisclosed U.S. industry and technology company. This collaboration will allow the solar manufacturer to incorporate more domestically produced components into its solar modules.
Negotiations have reached the signing stage, including the exchange of a term sheet that outlines a potential investment in Meyer Burger. The partnership aims to streamline solar module production in the United States, and the company expects to finalize binding agreements by the third quarter.
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Meyer Burger has also finalized a three-year offtake agreement with a prominent U.S. energy company for high-efficiency solar modules from its Goodyear plant, which has an annual capacity of up to 600 megawatts. Deliveries are scheduled to begin in January 2026.
The agreement gives the customer an option to extend for two more years, contingent on Meyer Burger securing financing for its solar cell plant in Colorado Springs.
Expansion Plans in Colorado Springs
Production has already begun at the Goodyear, Arizona, facility following a successful factory audit. The PV cells currently used for module production at the site are supplied by the Swiss company’s facility in Thalheim, Germany.
As part of its U.S. expansion, Meyer Burger is also advancing plans to establish a solar cell manufacturing facility in Colorado Springs, Colorado. The factory is expected to have an annual capacity of approximately 2 GW, with operations slated to begin in late 2024, subject to loan approval and extension from the U.S. Department of Energy (DOE).
Financing and Support
Meyer Burger has made significant progress on the financing front, with a major U.S. bank having completed due diligence for monetization under Article 45X of the Inflation Reduction Act (IRA). The company is currently negotiating loan agreements and expects to finalize and disburse funds by the mid-third quarter.
At the same time, Meyer Burger anticipates securing export financing from a leading German bank to support its expansion of solar production in the USA.
These moves position Meyer Burger to become a significant player in the U.S. solar market, using its high-efficiency heterojunction technology and strategic partnerships to strengthen its competitive edge.