Between 2025 and 2029, the funding firm of the Swedish furnishings group will purchase the photo voltaic modules made within the US by the Swiss photovoltaic producer. The settlement is the premise for Meyer Burger to extend the annual manufacturing capability of its Arizona web site by virtually 2 GW.
From pv journal Germany
Swedish furnishings supplier Ikea has introduced that it’ll depend on Meyer Burger’s heterojunction photo voltaic modules for its personal panel providing sooner or later.
The group’s funding arm, Ingka Investments, concluded a four-year provide settlement with the Swiss photovoltaic producer for photo voltaic modules produced at Meyer Burger’s US plant in Goodyear, Arizona, to be delivered between 2025 and 2029.
The settlement is one in all two contracts that immediate Meyer Burger to extend the annual manufacturing capability of the US plant from 1.6 GW to 2 GW. Ingka Investments will guarantee a enough annual advance cost to allow Meyer Burger to buy and finance the equipment in addition to uncooked supplies for the manufacturing of the photo voltaic module.
The 2 firms didn’t disclose the monetary and quantitative phrases of the deal. “We’re very happy to be working with Ingka Investments, who will help us within the fast improvement of our manufacturing within the USA by means of this off-take settlement,” mentioned Daniel Menzel, COO of Meyer Burger.
Ikea’s mother or father firm Ingka Holding unveiled in March a plan to speculate €340 million ($375.1 million) to accumulate seven photo voltaic parks being developed by Enerparc in Germany and Spain. On the time, the furnishings big additionally mentioned it needed to refresh the Solstrale supply for residential PV purposes, which was launched in 2019.
Ikea is at present energetic within the PV sector in Sweden, France, Australia, Italy, Germany, Switzerland, Belgium, Poland and the UK.
Ikea can be making an attempt to cowl its personal electrical energy wants utilizing renewable power. Its aim is to develop into local weather impartial all over the world by 2030.
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