Meyer Burger Technology AG - M&A Activity 2023

News Details

Corporate | 8 February 2023 06:45

Meyer Burger and NorSun conclude contract for long-term supply of solar silicon wafers made in Europe

Meyer Burger Technology AG / Key word(s): Agreement/Miscellaneous

Meyer Burger and NorSun conclude contract for long-term supply of solar silicon wafers made in Europe

08.02.2023 / 06:45 CET/CEST

Wafer manufacturer NorSun and Meyer Burger Technology AG enter into a supply agreement for silicon wafers, thus strengthening the independence of European solar supply chains
In line with Meyer Burger’s growth plans, the contract provides for continuously increasing purchase volumes along the expansion of NorSun’s wafer production capacities
The agreement allows Meyer Burger to increase its share of European-sourced wafers and to lower the carbon footprint of its high-performance solar modules

Meyer Burger Technology AG has signed a supply agreement for silicon wafers with the manufacturer NorSun. Meyer Burger is thus strengthening the resilience of its supply chains as it expands its solar cell and module production to 3 gigawatts (GW) of annual capacity by 2024. With the support of the EU Green Deal Industrial Plan, Meyer Burger and NorSun have a strong intention to continue building the European solar value chain.

“The agreement with NorSun is an important step in strengthening the independence of European supply chains,” says Gunter Erfurt, CEO at Meyer Burger. “Further growth at Meyer Burger continues to meet sustainability standards in the future – in technological, social, environmental and economic terms.” The increased use of solar wafers from European production further reduces the CO2 footprint of the high-performance solar modules, as environmentally friendly and cost-effective electricity primarily from hydropower is used for the energy-intensive production of the wafers.

“We in NorSun are very pleased to sign up for this significant volume and share the long-term ambition of Meyer Burger to build a competitive European PV solar value chain. The contract fits well with our strategy to expand the capacity of NorSun. NorSun’s ambition, as the leading PV wafer producer in the western world, is to play a central part in the U.S. and European effort to rebuild the PV value chain. It is exciting to go this route with a recognized player like Meyer Burger,” says Erik Løkke-Øwre, CEO of NorSun.

Contacts:


Meyer Burger Technology AG	Dynamics Group AG
Anne Schneider	Andreas Durisch
Head Corporate Communications	Senior Partner
M. +49 174 349 17 90	T. +41 43 268 27 47
	M. +41 79 358 87 32
[email protected]	[email protected]


NorSun AS
Erik Løkke-Øwre
CEO
M. +47 94 88 87 12

[email protected]

End of Media Release


Language:	English
Company:	Meyer Burger Technology AG
	Schorenstrasse 39
	3645 Gwatt
	Switzerland
Phone:	+41 033 221 28 00
E-mail:	[email protected]
Internet:	www.meyerburger.com
ISIN:	CH0108503795
Valor:	A0YJZX
Listed:	SIX Swiss Exchange
EQS News ID:	1554309