+44 (0)24 7671 8970
More publications     •     Advertise with us     •     Contact us
 
Loading...
{megaLeaderboard}
{normalLeaderboard}
News Article

Meyer Burger adjusts expected production volumes for 2022 and 2023

News

Meyer Burger has updated its production plans for 2022 and 2023 based on the operational experiences so far and considering the challenging supply chain environment. Meyer Burger now expects a production volume of 320–370 MW in 2022 (previously 500 MW). In the first half of 2022, 108 MW of modules were produced, with an additional 210–260 MW expected in the second half. Around year-end 2022, the company expects an EBITDA breakeven result on a run-rate basis.

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.

Schletter Group: 48 MWp Project in Italy
ENCAVIS Acquires Two More Solar Parks In Spain and Surpasses The Planned Expansion
Maximum profitability with KACO advanced technology for complex solar roofs
Enviromena wins contract to re-power three major solar farms ahead of the summer energy peak
New Swansea University Collaboration to Support Sustainable, Locally Manufactured Solar PV
New Swansea University Collaboration to Support Sustainable, Locally Manufactured Solar PV
Next2Sun Builds World's Largest Vertical PV Plant at Frankfurt Airport
DNV Publishes Bankability Study of Solcast Satellite Irradiance Data
Steel company SSAB switches to fossil-free energy in Italy with PV solution from Solnet
janom Investments enters the Croatian solar energy industry by investing in a 30 MW power plant project
Trina Solar Vertex S+ 505W n-type dual-glass modules enter mass production
BayWa r.e. and 3E sign partnership agreement for monitoring & analytics of global PV portfolio
Accelerating Spain's Energy Transformation: LONGi to supply Naturgy with 1 million modules in new deal
NTR announces corporate PPA with Almac Group to buy energy from Murley Wind Farm, Northern Ireland
Oxford PV sets new solar panel efficiency world record
Order Intake for the Construction of Wind Turbines in Turkey
Trilantic Europe acquires stake in AEROCOMPACT Group
Octopus Energy makes solar farm debut in Germany
Austria-based KOGA Energy, a solar EPC solutions provider, has kicked off.
Exus to acquire 625MW New Mexico solar portfolio
Capcora Accompanies SUSI Partners In Raising Senior Debt For a Polish Renewables Portfolio
Qualitas Energy acquires a 96 MW wind energy project pipeline in Germany
Nordex Group receives orders from the UK for approx. 150 MW
Trina Solar gains EPD certification from UL Solutions and EPDItaly for industry leading modules
Mandarin Oriental Hyde Park, London instals innovative solar tech to decarbonise heating
Efficiency First: The Road to Electrification
SCHLETTER Supplies Austria's Largest PV Roof System
E.ON partners with UK renewable heat innovator Naked Energy
Sonnedix signs innovative EUR500 million loan facility to finance construction of its renewable electricity pipeline in Europe and UK
Construction begins on Glennmont and Ørsted’s Borkum Riffgrund 3 offshore wind farm in Germany
ABB shores up reliable power supply at Southeast Asia’s largest floating solar plant
Sonnedix starts construction of 300MW UK solar PV portfolio

×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Solar + Power Magazine, the Solar + Power Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in: