The ramp-up of the first line of 400 MW nominal annual capacity is technically complete. The ramp-up of the remaining capacity of the announced 1.4 GW is expected to start in September 2022, resulting in an expected production volume of 1.0–1.2 GW in 2023 (previously 1.35 GW).
The reduced volume targets are due to the expectation of lower throughput compared to the nominal capacity of the currently operating line as well as a delayed ramp-up of the production capacities currently under construction and commissioning. This reflects ongoing global supply chain constraints, resulting in the delayed arrival of required components needed for the ramp-up of the additional capacities. In addition, the throughput of the currently operating line has and will be affected by scheduled downtimes for the integration of the next line in the same facility, as well as the required frequent product switches due to strong demand for all three Meyer Burger product variants (Black, White, Glass). This effect will be minimized with additional capacity, as production lines can be dedicated to single products.
Meyer Burger has so far been able to pass on increased material costs to its customers through sales price increases. Despite significantly higher average selling prices than originally expected, Meyer Burger sees such a strong demand for its premium solar modules in Europe and the USA that it needs to allocate its limited production volume to customers. Currently, allocations for the second quarter of 2023 are being made.
The previous sales plan for 2023 envisaged up to 30% sales into the utility-scale segment. Now, the company expects to allocate the expected sales volume for 2023 almost entirely in the growing high-margin residential rooftop segment. For its planned capacity expansion beyond the nominal capacity of 1.4 GW currently being built, Meyer Burger continues to pursue its strategic plans to enter the large-scale utility segment as a key additional pillar.
Meyer Burger has started production of high-performance solar cells and solar modules in 2021. Its proprietary heterojunction/SmartWire technology enables the company to set new industry standards in terms of energy yield. With solar cells and modules developed in Switzerland and manufactured in Germany according to high sustainability standards, Meyer Burger aims to become a leading European photovoltaic company. The company currently employs around 1000 people at research facilities in Switzerland, development and manufacturing sites in Germany and sales offices in Europe, the USA and Asia.
Meyer Burger was founded in 1953 in Switzerland. As a provider of production systems, the company has shaped the development of the global photovoltaic industry along the entire value chain in recent decades and has set essential industry standards. A large part of the solar modules produced worldwide today are based on technologies developed by Meyer Burger.
The registered shares of Meyer Burger Technology AG are listed on the SIX Swiss Exchange (ticker: MBTN).
Meyer Burger Technology AG
Schorenstrasse 39
CH3645 Gwatt (Thun)
Telefon: +41 (33) 2212800
Telefax: +41 (33) 2212808
http://www.meyerburger.com
Senior Partner
Telefon: +41 (43) 26827-47
E-Mail: adu@dynamicsgroup.ch
Head Corporate Communications
Telefon: +49 37236712235
E-Mail: anne.schneider@meyerburger.com
