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Following the announcement made in June about its strategy to transform itself from a PV equipment manufacturer to a European solar cell and module manufacturer, Meyer Burger has achieved several steps towards its objective during the last weeks. The Swiss company has secured shareholder approval for CHF 165 Million capital increase and has confirmed its acquisition of the former factory of PV panel manufacturer SolarWorld in Freiberg, where it will annually produce 400 MW of PV modules using its proprietary Heterojunction/SmartWire Connection Technology (HJT/SWCT). The expected annual output by 2026 at the facility will be 5 GW.
A recent report established by Fraunhofer ISE said Meyer Burger’s HJT/SWCT has a technological lead of at least 3 years over its global competitors and is ready for the market as a lucrative option thanks to its favorable price/cost ratio.