Meyer Burger Receives Up to EUR22.5 Million in Public Funding

Reading time ( words)

The two positive grant notifications were received by Meyer Burger Technology Ltd at the end of 2020. The basis for the approval of the environmental protection aid is a specifically drafted expert’s opinion from the Fraunhofer Institute for Solar Energy Systems. The report confirms that Meyer Burger's heterojunction technology (HJT) for solar cell production has significant environmental advantages compared to conventional manufacturing processes. Meyer Burger's investments are considered exceptionally innovative and environmentally friendly, allowing for the award of the maximum grant volume of 15 million euros. "We are pleased to receive this significant environmental aid. It proves that heterojunction technology is not only more efficient but also more environmentally friendly than conventional solar cell technologies," says CEO Gunter Erfurt.

The additionally awarded public investment grant (GRW) in the amount of 7.5 million euros for the construction of a new production facility in Bitterfeld-Wolfen may be drawn through the end of 2023.

A prerequisite for the disbursement of the grants is a confirmation of financing for the planned investments in the production site, which allows for an annual capacity of 1.4 gigawatts (GW). Meyer Burger is confident to meet this requirement. The total amount of 22.5 million euros from the two grants may still be reduced according to the state aid law of the European Union if further public financing support should be claimed. Grants of this range were expected by Meyer Burger and are included in the existing business plan.

The establishment of the HJT production lines and the sales organization are meanwhile progressing according to plan. Production will start in the second quarter of 2021 with annually 0.4 GW of solar cells and 0.4 GW of solar modules. The further processing of the solar cells into solar modules takes place in Freiberg (Saxony). The production capacity of solar cells is to be expanded to 1.4 GW in a next step and as quickly as possible, subject to successful debt financing.



Suggested Items

My View from CES 2021: Day 1

01/12/2021 | Dan Feinberg, Technology Editor, I-Connect007
What a difference a year makes. One year ago, those of us who cover and attend CES were going from one press conference to the next; this year, we are at home going from link to link. Confusing and challenging, yes, but there are some advantages: no masks, only five steps to get to a restroom, being able to have three of four events or more displaying on your screens at the same time and being able to download press kits as needed. So far, many new devices are being introduced, but of course, they are all online, so you wonder if some of them really exist or are truly operational as yet.

CES 2021: Just How Different Will It Be?

01/11/2021 | Dan Feinberg, I-Connect007
CES 2021 starts today and this year there is no need for an overpriced hotel room in Vegas, no long lines to get a taxi or board a bus, and no crowded exhibit halls (one good thing this year). On the other hand, you must decide ahead of time what you want to see and make a reservation or appointment if you wish to have time and access assured.

CES 2020: The Intelligence of Things

01/06/2020 | Nolan Johnson, I-Connect007
Show week for CES 2020 starts well ahead of the actual exhibition dates because it is huge. The organizers of CES state that there are more than 4,400 exhibiting companies and nearly three million net square feet of exhibit space. On the floor, you can find 307 of the 2018 Fortune Global 500 companies. Over the week, I-Connect007 Editors Dan Feinberg and Nolan Johnson will bring you some of the most interesting news, products, and announcements from 5G to IoT, semiconductor developments, autonomous vehicle technology, interconnect, fabrication materials, and much more.

Copyright © 2021 I-Connect007. All rights reserved.