Solar panel production in Goodyear, Arizona is now underway. The solar cells required for this will initially come from production in Germany.
Image: Meyer Burger
Meyer Burger’s new plant in Goodyear, Arizona, has successfully passed a factory audit to UL testing standards and production can now begin.
Meyer Burger has already supplied solar cells from its production site in Thalheim, Germany, to its US factory to support module production. It said this will ensure the ramp-up of production in the US market.
It also plans to build a cell factory in Colorado, with the start of production contingent on Section 45X funding under the Inflation Reduction Act (IRA). A major US bank has completed due diligence and is currently negotiating loan agreements.
Meyer Burger aims to close the deal and receive payment by the middle of the third quarter. It also expects export financing from a German bank for U.S. photovoltaic production. It has submitted the final application for a U.S. Department of Energy loan to finance the cell factory, which is currently under review.
A commercial agreement has been negotiated with a US industrial and technology group, and a term sheet for potential investments in Meyer Burger has been exchanged. This strategic partnership would enable Meyer Burger to produce solar panels in the United States with a growing share of domestic components.
Meyer Burger has signed several contracts with engineering, procurement and construction (EPC) companies and energy suppliers for the purchase of its US-manufactured solar panels. It has also signed a purchase contract for up to 600 MW per year with a major US energy company, with a delivery period of three years from 2026 and a two-year extension option. The agreement will take effect once financing for the Colorado Springs solar cell factory is completed, Meyer Burger said.
The company closed its operations in April solar module installation in Freiberg, Saxony, after there was no agreement within the federal government on resilience measures for Germany and Germany European PV manufacturers.
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