Meyer Burger cuts production targets for 2022, 2023

Image by Meyer Burger (www.meyerburger.com).

August 2 (Renewables Now) - The Swiss solar module manufacturer Meyer Burger Technology AG (SWX:MBTN) has reduced its production plans for this year and next to reflect a delayed ramp-up of the production capacity and supply chain constraints.

The production volume in 2022 is now seen in the range of 320 MW to 370 MW, down from 500 MW projected earlier, Meyer Burger said on Tuesday.

The Swiss company produced 108 MW of modules in the first six months of the year, with an additional 210 MW–260 MW expected in the second half.

The production target for 2023 was cut to 1 GW - 1.2 GW, down from 1.35 GW previously. The ramp-up of the first line of 400 MW nominal annual capacity is complete and the addition of the remaining capacity of the planned 1.4 GW is set to begin in September.

The revised projections are a result of expected lower throughput and delayed ramp-up of the production capacities which is caused by the delayed delivery of components needed for the additional capacities.

The manufacturer noted that it has successfully passed on increased material costs to its customers and in spite of higher sales prices, its solar modules enjoy strong demand in Europe and the US.

In April, Meyer Burger said it would expand the production capacity of its solar module factory in Freiberg, Germany, to 1.4 GW in 2023 instead of 1 GW as initially planned, focusing its expansion efforts on Germany instead of the US as a response to the tense logistics and supply chain situation caused by the war in Ukraine.

An EBITDA breakeven result on a run-rate basis is expected to be reached around the end of 2022.

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