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Swiss solar manufacturer Meyer Burger has decided to abandon its plans for a 2GW solar cell manufacturing facility in Colorado, citing financial challenges.
Originally announced in July last year, the Colorado plant was set to supply cells to Meyer Burger’s module assembly facility in Goodyear, Arizona, which began operations in June 2023.
This decision comes as a blow to the company’s U.S. expansion strategy, especially as it had secured a significant 5GW module supply deal with D.E. Shaw Renewable Investments (DESRI).
The cancellation will impact Meyer Burger’s production capacity forecasts.
The company’s cell production facility in Thalheim, Germany, which produces 1.4GW annually, will now bear the brunt of meeting demand.
In turn, this has led to the suspension of a planned 700MW expansion at the Arizona plant.
In a related development, Mark Kerekes, deputy chairman and a member of the board of directors, has resigned.
The company acknowledged that its strategic realignment will necessitate changes in its board composition.
This move signals the broader financial pressures facing solar manufacturers in the U.S., as they grapple with scaling up operations amid global economic uncertainties.
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