Solar heritage in danger: Meyer Burger reports bankruptcy!
Solar heritage in danger: Meyer Burger reports bankruptcy!
Dresden, Deutschland - The solar industry, once a hope for the energy transition, is currently heavily stricken. The three subsidiaries from the Swiss manufacturer Meyer Burger have recently filed for bankruptcy. According to mdr , the parent company in Thun has confirmed that all attempts at renovation to maintain the locations in Germany have so far failed. This applies in particular to the works in Hohenstein-Ernstthal (Saxony) and Thalheim (Saxony-Anhalt), where there is currently short-time work. In total, more than 600 employees are affected by this development. The work in Freiberg had to close in 2024.
Strictly speaking, Meyer Burger is not only in this predicament. Last year, the solar industry had to accept a massive bankruptcy wave that brought numerous companies to the edge of the abyss. Due to decreasing investments in renewable energies and high production costs, more and more companies are confronted with existential challenges, such as Blackout News . The demand for photovoltaic systems has dropped greatly, and this also has a direct impact on the installation companies. Companies such as special suns and Envoltec have gone bankrupt, and there are many other bankruptcy to fear.Financial support for Meyer Burger
In order to avert the bankruptcy, Meyer Burger has received support from a bridge financing of up to $ 39.48 million, as mz . CEO Franz Richter emphasizes that this step could contribute to stabilizing the company. Meyer Burger had previously lost an important acceptance contract with D.E. Shaw Renewable Investments (DESRI), which led to course declines and speculation about possible bankruptcy. The negotiations for a new framework agreement with Desri are in full swing, and it remains to be seen whether the talks will be successful by the end of December. A restructuring report certifies the company's ability to renovate, and important donors are ready to provide further capital.
The problems in the solar industry are not only limited to Meyer Burger, but also represent a macroeconomic dilemma. High energy prices and uncertainties on the market have led to a dramatic decline in the installations of photovoltaic systems. The effects are far -reaching and presenting the industry with major challenges. The persistent drop in price in photovoltaic components and the massive competition by cheap providers from China contribute to the precarious location, which many companies on their knees.
The future of the solar industry
The current crisis in the solar industry raises some questions: How is the manufacturers going on in the industry? What potential does the renewable energy have at a time when demand seems to decrease? For the future of renewable energies, it can only be hoped that the market can be stabilized. Otherwise, the development of solar energy in Germany could be seriously endangered.
The reports about the difficulties of Meyer Burger and other companies are a wake -up call for the entire industry. It remains to be seen whether concepts and financing models are sufficient to steer this important industry in the right direction and to set the course for a sustainable future.
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| Ort | Dresden, Deutschland |
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