Swiss manufacturer: A billion for East German solar industry

The Swiss solar technology equipment manufacturer Meyer Burger Technology AG intends to invest in a large scale in East Germany. The company plans, in Bitterfel

Swiss manufacturer: A billion for East German solar industry

The Swiss solar technology equipment manufacturer Meyer Burger Technology AG intends to invest in a large scale in East Germany. The company plans, in Bitterfeld-Wolfen (Saxony-Anhalt) and Freiberg (Saxony), a solar cell and module production build. With investments of more than a billion euros in the capacities of first year 800 megawatts are to be driven until 2026 to 5 gigawatts of high. Up to 3000 jobs would be created, according to the company, which has currently only a staff of 730.

John knight

a correspondent for politics and business in Switzerland.

F. A. Z. Twitter

"We are very much looking forward, two of the most tradition-rich solar locations in Europe to revive", said CEO Gunter Erfurt. The Swiss want to use the buildings and facilities of the former solar cell manufacturer, Sovello, and Solarworld, which have already fallen years ago, in the bankruptcy. From the insolvency of Solarworld, you purchase in addition, a 14,000-square-foot logistics and distribution center in Freiberg, unless the creditors ' meeting of Solarworld Industries GmbH gives her approval.

Meyer Burger, however, is not embedded even on roses. The group, which once reached revenues in the billions, 2019, but only 262 million Swiss francs redeemed, since the years of hefty losses. The share price is at the bottom. The investment offensive in Eastern Germany, is a manifestation of an unusual change in Strategy: Previously, the company prepared a tuna plant for the production of solar modules. Now it wants to restore these modules, however. The company is therefore in competition with its former customers.

Updated Date: 09 July 2020, 13:20

You need to login to comment.

Please register or login.

RELATED NEWS