Meyer Burger prepares to launch American solar panel production

A factory in Arizona has passed the audit and a new facility may appear in Colorado.

Meyer Burger's new facility in Goodyear, Arizona, has successfully passed a factory audit according to UL test standards, clearing the way for production to commence. The company has already shipped solar cells from its Thalheim, Germany plant to its US facility to aid in module production, ensuring a smooth initiation of operations in the American market.

Additionally, Meyer Burger plans to establish a cell factory in Colorado, with production start contingent on securing Section 45X funding through the Inflation Reduction Act (IRA). A prominent US bank has concluded due diligence and is in the process of finalizing loan agreements.

Meyer Burger is on track to conclude this financing deal and receive funds by mid-third quarter. It also anticipates securing export financing from a German bank to support its photovoltaic production in the US, with a final loan application currently under review by the US Department of Energy.

Furthermore, Meyer Burger has entered into a commercial agreement with a major US industrial and technology group, exchanging a term sheet for potential investment, which would facilitate the production of solar modules in the US with an increased use of domestic components.

The company has forged multiple agreements with engineering, procurement, and construction (EPC) firms and energy providers for the purchase of its solar modules produced in the US. It has also inked a deal to supply up to 600 MW annually to a major US energy company, with deliveries set to begin in 2026 for a three-year period, with an option to extend for two additional years. This contract is dependent on securing financing for the solar cell factory in Colorado Springs, according to Meyer Burger.

In a recent development, Meyer Burger ceased operations at its solar module plant in Freiberg, Saxony, following a lack of consensus on resilience measures for German and European PV manufacturers within the federal government.

Check out our Meyer Burger solar panels review to learn more about the brand. You can find Meyer Burger solar panels for sale at A1 SolarStore.

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