Management Report

Meyer Burger has established itself as a premium solar module brand, available in 15 world markets. The higher technical performance of its modules dominates the current market standards in term of high quality, reliability, yield, and sustainability, all made in Europe and soon in the USA too.

With the announcement of the expansion plans in the USA on 24 July 2023, Meyer Burger strengthened its strategic focus on the high-margin business in the USA. The Meyer Burger cell plant in Colorado Springs, USA, will supply Meyer Burger’s solar module production in Goodyear, Arizona, USA, with an initial capacity of 2 GW.

The company has made further investments in renewable energy production in the USA – In March 2023, Meyer Burger Technology AG and Ingka Investments, the investment arm of the largest IKEA retailer Ingka Group, signed an offtake agreement for a period of four years. The agreement with Ingka Investments covers the supply of premium solar modules produced in Goodyear and delivered between 2025 and 2029. To strengthen the US domestic manu­fac­turing, BayWa r.e. and Meyer Burger signed a procurement partnership. This collaboration underscores their shared commitment to supporting the growth, sustainability, and diversification of the solar supply chain.

The long-term upsides for Meyer Burger in North America remain highly attractive as the only Western solution for high-performance heterojunction technology. The potential in the US alone is substantial with offtake agreements in place for 5.4 GW.

With the new IBC solar cell technology based on the heterojunction platform, Meyer Burger plans to increase cell efficiency by over 26% on average. To address the rising cost and scarcity of silver, use of this material in cell production will be reduced by 80%, while continuing to avoid rare indium for sustainable solar cells. Prototypes of the machines are running at Meyer Burger R&D sites in Hohenstein-Ernstthal, Germany and in Hauterive, Switzerland.