Solar Maker Meyer Burger Isn’t Certain It Can Continue Operating - Bloomberg

Nov 02, 2024

Swiss solar panel maker Meyer Burger Technology AG said its ability to continue operating cannot be assured given its indebtedness and cash burn, underscoring the industry’s troubles as cheaper Chinese modules flood the market.

The company saw sales halve in the first six months of 2024 compared to a year earlier, while generating a loss of CHF123.5 million ($142 million) in terms of earnings before interest, taxes, depreciation and amortization. Meyer Burger has announced a number of strategic overhauls in the past year to try to stem its crisis, but recently had to stop a planned solar cell production project in Colorado Springs due to a lack of required third-party financing.