Most solar panels come from China, right? Could be wrong. Solar equipment manufacturer Meyer-Burger from Switzerland will stop selling its state-of-the-art machines and instead will use them for their own solar module production and service the exponentially growing global solar market under the motto: “why sell the goose with the golden eggs?”, and rather sell the eggs. The company believes it holds the technological holy grail (“smartwire”).
A large proportion of the solar modules produced world-wide today are based on technologies developed by Meyer Burger. By selling its production equipment, however, Meyer Burger relinquished control of its technology and largely left the realization of the added value creation to its customers. Meyer Burger’s Board of Directors has decided that Meyer Burger, as a rule, will in the future manufacture production equipment for Heterojunction/SmartWire exclusively for its own use and aims to become a leading global producer of solar cells and modules… Meyer Burger delivered the proof of concept of heterojunction/SmartWire in mass production at the end of 2019 by successfully establishing a 600 MW production line for a client. The proceeds from the capital increase are expected to be used primarily to build up production capacities and the sales organization. Meyer Burger expects to save significant time and economic resources by acquiring existing production sites in Germany… Recently, Fraunhofer ISE also confirmed a record efficiency of 25.4% for a heterojunction solar cell manufactured with the Company’s latest technology in May 2020… The European and global market potential is considerable. In Germany, renewable energy to supply 65 percent of electricity by 2030, and Europe is to become climate neutral by 2050. In Germany alone, the government has set a photovoltaic expansion target of 98 GW until 2030.