From pv journal Germany

Switzerland-based heterojunction photo voltaic panel maker Meyer Burger AG says it intends to construct a 2 GW photo voltaic cell manufacturing facility in Colorado Springs, Colorado.

Meyer Burger plans to begin manufacturing the cell manufacturing facility within the fourth quarter of this 12 months. The photo voltaic cells produced within the new plant are meant for the corporate’s personal module manufacturing, which is presently being constructed by Goodyear, within the US state of Arizona.

The modules are meant to be offered within the North American market. Meyer Burger initially needed to produce the module plant in the USA with heterojunction photo voltaic cells from Germany.

The funding will profit from the US Inflation Discount Act (IRA) tax credit score and associated insurance policies, in addition to help from the state of Colorado and town of Colorado Springs.

Meyer Burger expects tax credit of as much as €1.4 billion ($1.6 billion) from the IRA alone for the 2024-32 interval.

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