Meyer Burger receives German funding
Germany will support Meyer Burger in expanding its solar production. For this, the technology group from Thun will receive up to 22.5 million euros from public funds. They flow into the expansion of the location in Saxony-Anhalt.
Meyer Burger wants to produce heterojunction solar cells at the Bitterfeld-Wolfen site in Saxony-Anhalt, the technology group from Thun informs in a press release . A new facility is to be set up there for this purpose. Saxony-Anhalt and the Federal Republic of Germany support Meyer Burger's plans with grants of up to 22.5 million euros. The Fraunhofer Institute for Solar Energy Systems had certified that Meyer Burger's technology had significant environmental benefits.
"We are pleased about the environmental aid in a significant amount", CEO Gunter Erfurt is quoted in the message. "It proves that our heterojunction technology is not only more efficient, but also more environmentally friendly than conventional solar cell technologies."
The company was able to receive the positive notifications about the donations as early as the end of 2020, the communication further explains. An annual production capacity of 1.4 gigawatts is stated there as a prerequisite for the payment. The expansion of capacities to the required 1.4 gigawatts is to be financed with borrowed capital and implemented as quickly as possible. Meyer Burger writes that the group is confident that it will be able to meet this requirement.
Meyer Burger plans to produce 0.4 gigawatts of solar cells in Bitterfeld-Wolfen this year. They are processed into solar modules at the Freiberg site in Saxony.
