Meyer Burger suspends 2 GW solar cell plant in Colorado Springs, shifts focus to 1.4 GW module production in Arizona.
Meyer Burger Technology AG is restructuring its solar production operations, focusing on module production in Arizona and suspending plans for a 2 GW solar cell manufacturing facility in Colorado Springs, due to financial unviability. The company will concentrate on its 1.4 GW module production capacity in Goodyear, Arizona, supplied by its German solar cell facility. Meyer Burger is seeking reduced debt financing through tax credit monetization and expects to service existing contracts and utilize production capacity in Goodyear under current market conditions.
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