MEYER BURGER to RECEIVE UP TO 22.5 MILLION EUROS IN PUBLIC FUNDING TO BUILD ENVIRONMENTALLY FRIENDLY SOLAR CELL PRODUCTION

  • The state of Saxony-Anhalt and the Federal Republic of Germany are pledging up to 15 million euros in environmental protection aid for the establishment of heterojunction (HJT) solar cell production in Thalheim (city of Bitterfeld-Wolfen).
  • In addition, an investment grant in the amount of 7.5 million euros has been awarded within the framework of public financial assistance for the improvement of the regional economic structure (GRW) for the assembling of the production facility in Thalheim (city of Bitterfeld-Wolfen).

The two pos­i­tive grant no­ti­fi­ca­tions were re­ceived by Meyer Burger Tech­nol­ogy Ltd (SIX Swiss Ex­change: MBTN) at the end of 2020. The basis for the ap­proval of the en­vi­ron­men­tal pro­tec­tion aid is a specif­i­cally drafted ex­pert’s opin­ion from the Fraun­hofer In­sti­tute for Solar En­ergy Sys­tems. The re­port con­firms that Meyer Burger’s het­ero­junc­tion tech­nol­ogy (HJT) for solar cell pro­duc­tion has sig­nif­i­cant en­vi­ron­men­tal ad­van­tages com­pared to con­ven­tional man­u­fac­tur­ing processes. Meyer Burger’s in­vest­ments are con­sid­ered ex­cep­tion­ally in­no­v­a­tive and en­vi­ron­men­tally friendly, al­low­ing for the award of the max­i­mum grant vol­ume of 15 mil­lion euros. “We are pleased to re­ceive this sig­nif­i­cant en­vi­ron­men­tal aid. It proves that het­ero­junc­tion tech­nol­ogy is not only more ef­fi­cient but also more en­vi­ron­men­tally friendly than con­ven­tional solar cell tech­nolo­gies,” says CEO Gunter Er­furt.

The ad­di­tion­ally awarded pub­lic in­vest­ment grant (GRW) in the amount of 7.5 mil­lion euros for the con­struc­tion of a new pro­duc­tion fa­cil­ity in Bit­ter­feld-Wolfen may be drawn through the end of 2023.

A pre­req­ui­site for the dis­burse­ment of the grants is a con­fir­ma­tion of fi­nanc­ing for the planned in­vest­ments in the pro­duc­tion site, which al­lows for an an­nual ca­pac­ity of 1.4 gi­gawatts (GW). Meyer Burger is con­fi­dent to meet this re­quire­ment. The total amount of 22.5 mil­lion euros from the two grants may still be re­duced ac­cord­ing to the state aid law of the Eu­ro­pean Union if fur­ther pub­lic fi­nanc­ing sup­port should be claimed. Grants of this range were ex­pected by Meyer Burger and are in­cluded in the ex­ist­ing busi­ness plan.

The es­tab­lish­ment of the HJT pro­duc­tion lines and the sales or­ga­ni­za­tion are mean­while pro­gress­ing ac­cord­ing to plan. Pro­duc­tion will start in the sec­ond quar­ter of 2021 with an­nu­ally 0.4 GW of solar cells and 0.4 GW of solar mod­ules. The fur­ther pro­cess­ing of the solar cells into solar mod­ules takes place in Freiberg (Sax­ony). The pro­duc­tion ca­pac­ity of solar cells is to be ex­panded to 1.4 GW in a next step and as quickly as pos­si­ble, sub­ject to suc­cess­ful debt fi­nanc­ing.

Source: MEYER BURGER

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