Brief: Meyer Burger Makes Progress In Relocating Its Core Business To The USA

Meyer Burger Technology AG

25/06/2024 05:49

June 25 (Reuters) - MEYER BURGER TECHNOLOGY AG  MBTN.S :
    * MEYER BURGER MAKES SIGNIFICANT PROGRESS IN RELOCATING ITS
CORE
BUSINESS TO THE USA
    * RAMP-UP OF SOLAR MODULE PRODUCTION IN GOODYEAR, ARIZONA,
BEGINS
FOLLOWING SUCCESSFUL FACTORY AUDIT.
    * STRATEGIC PARTNERSHIP WITH LEADING U.S. TECHNOLOGY GROUP
TO
EXPAND ACTIVITIES IN USA IN PIPELINE
    * FINANCING OF SOLAR CELL PLANT IN COLORADO MAKING PROGRESS,
COMPLETION OF 45X FINANCING TARGETED BY MID-Q3
    * FOURTH LONG-TERM OFFTAKE AGREEMENT SIGNED WITH A NEW MAJOR
CUSTOMER FOR A TOTAL VOLUME OF 1.75 GIGAWATTS OVER THREE YEARS
    * EXPECTS TO RECEIVE EXPORT FINANCING FROM A MAJOR GERMAN
BANK FOR
EXPANSION OF SOLAR PRODUCTION IN USA
    * FINAL APPLICATION FOR LOAN FROM US DEPARTMENT OF ENERGY
(DOE) TO
FINANCE SOLAR CELL PLANT IN COLORADO SPRINGS HAS BEEN SUBMITTED
AND IS CURRENTLY UNDER REVIEW
    * MEYER BURGER HAS CONCLUDED A FURTHER THREE-YEAR OFFTAKE
AGREEMENT
    * A MAJOR US ENERGY COMPANY WILL PURCHASE HIGHLY EFFICIENT
SOLAR
MODULES FROM GOODYEAR PLANT WITH AN ANNUAL CAPACITY OF UP TO 600
MEGAWATTS FROM JANUARY 2026

Source text for Eikon:  ID:nEQ6hhg13a 
Further company coverage:  MBTN.S 

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