9.8 C
New York

Meyer Burger aiming for EU funding to hit gigawatt scale

Published:

Swiss PV producer Meyer Burger reached its 321 MW manufacturing quantity goal final yr, and its growth to the gigawatt scale is underway, because it lately accomplished two extra buy agreements with large clients. Additionally it is making use of for a whole lot of thousands and thousands of funding help from the EU Innovation Fund, with a last choice to be made in the summertime.

From pv journal Germany

Meyer Burger continues to extend cell and module manufacturing at its manufacturing unit in Bitterfeld-Wolfen, Germany. Final yr, it achieved the goal manufacturing quantity of 321.1 MW, as said within the newly printed annual report for 2022. It’s reported that it produces 830,000 photo voltaic modules and 700,000 photo voltaic cells per day.

After finishing the manufacturing ramp-up, its capability will improve to greater than 1 million photo voltaic cells per day, in accordance with Meyer Burger. The second manufacturing line began operation in September.

“There’s rising certainty that the manufacturing strains at our German places will attain the desired nominal capacities when totally operational,” says Meyer Burger.

Nevertheless, the producer can be suffering from considerations, particularly on the subject of supply instances for digital parts. No less than in concept, it’s about to turn out to be a gigawatt manufacturing unit. This yr, manufacturing capacities will likely be expanded to 1.4 GW per yr. By the tip of 2024, it ought to improve to three GW. And the producer determined to scale the deliberate manufacturing of the module in the US from 1.6 GW to 2 GW. The elevated output of about 25% is principally attributed to the ramped-up manufacturing of glass modules.

Growth requires capital above all else, and Meyer Burger is attempting to assemble as many sources as potential. In line with the corporate, “important funding in new programs” is required for the required growth of Thalheim’s cell capability. To this finish, the producer concluded new buy agreements for added manufacturing volumes from 2025 with two undisclosed “well-known” firms.

The acquisition assure runs for a number of years, and the contracts are arrange in an analogous method to a purchase order settlement beforehand concluded with US undertaking developer Desri, in accordance with Meyer Burger. Investments in new programs are largely lined by corresponding advance funds from clients.

Meyer Burger additionally submitted an software for the third name for proposals from the EU Innovation Fund in March. The corporate is hoping for funding within the three-digit million vary to help the event of gigawatt-scale photo voltaic cell and module manufacturing in a number of European nations. A choice is anticipated in the summertime of 2023.

pv journal print version

The present situation of pv journal focuses on photo voltaic manufacturing know-how that allows a brand new period of market growth and excessive effectivity modules, together with interdigitated again contact (IBC) and perovskite tandem photo voltaic cells. The journal charts the most recent technical and funding choices within the excessive effectivity photo voltaic manufacturing sector and the supplies and R&D behind them. Reviews come from France, Japan, India, Indonesia, Israel, England, the US, and China and we additionally study the troubles of solar-powered automotive pioneers.

As well as, the lately printed Inexperienced Deal Industrial Plan of the European Fee offers cause for additional hope. It’s anticipated to be carried out in EU member states within the second quarter of this yr, which may positively have an effect on Meyer Burger’s enterprise in Europe. In view of the beneficiant help for US industrial coverage by means of the US Inflation Discount Act (IRA), Europe ought to shortly comply with go well with.

Along with the established order and plans for the long run, the annual report of Meyer Burger additionally comprises the monetary figures of the earlier yr. The corporate’s gross sales rose from CHF 39.9 million (.56 million) to CHF 147.2 million inside a yr. It says that the sale of 250 MW of heterojunction modules is price CHF 125 million.

Meyer Burger at present sells its modules in 15 nations at “engaging gross sales costs”, in accordance with the corporate. The strongest markets for the producer are Switzerland, Germany, Belgium, and Italy. Australia and the UK, amongst others, will likely be added as new gross sales markets this yr. Distribution takes place by means of about 50 wholesalers and greater than a thousand registered installers.

Photo voltaic + Storage Spain

The primary version of Photo voltaic + Storage España will happen on Might 10 and Might 11 in Barcelona, ​​Spain. The commerce present will mix the experience of RE+ occasions with pv journal’s expertise to create areas for discussing photo voltaic and storage know-how, markets, and coverage. the Going international The convention session will focus on how European firms can make the most of overseas incentives to increase their enterprise overseas, and what Europe is doing to remain aggressive and shield its firms. Register right here!

This content material is protected by copyright and might not be reused. If you wish to cooperate with us and wish to reuse a few of our content material, please contact: [email protected].

Source link

Related articles

spot_img

Recent articles

spot_img