Meyer Burger expands production and plans to implement first projects with solar roof tiles in 2022
Post date: 28/03/2022 - 17:33
Switzerland's Meyer Burger Technology Ltd reports a decline in net sales from around CHF 90.5 million in 2020 to CHF 39.9 million (42.9 million Dollar) in 2021, with losses rising from minus CHF 64 million to minus CHF 100 million (107 million Dollar) in the same period.
This reflected, among other things, »the transformation of the business model.« The COVID-19 pandemic also »significantly impacted« the ramp-up of production, and supply bottlenecks delayed the start of production in summer 2021. This also led to a reduction in module production in the fourth quarter of 2021 and early 2022.
However, the company reports »strong customer demand.« According to the company, the order book in the residential and small commercial rooftop systems segment is »filled for almost the entire first half of 2022.« In the large-scale segment, the company is »seeking long-term agreements with an investment contribution from customers,« and has already »concluded a corresponding letter of intent with a major US project developer.« Meyer Burger also plans to implement its first projects for solar roof tiles in the current year 2022.
At its German sites, capacity for cells is currently being expanded to 1.4 GW (Thalheim) and for modules to 1.0 GW (Freiberg). In Goodyear (Arizona, USA), annual module production capacity would initially be 0.4 GW from 2023 and could be expanded to 1.5 GW. The funds available to finance the Group's further investments are CHF 231.4 million (2020: CHF 139.8 million).
The company intends to announce an adjusted annual forecast together with the half-year results in August 2022.