Home » Solar company Meyer Burger: Explosive investor call raises questions

Solar company Meyer Burger: Explosive investor call raises questions

by admin
Solar company Meyer Burger: Explosive investor call raises questions

Economics Minister Robert Habeck (The Greens) during a visit to MeyerBurger in Saxony in 2022. The solar manufacturer is demanding subsidies from the federal government – or wants to close production in Germany. picture alliance/dpa/Soeren Stache

The future of the German solar industry depends on a Swiss company that is financed by several US funds, investment banks and a Russian oligarch. The Meyer Burger company is the largest solar manufacturer in Germany; The company guarantees hundreds of jobs through its module and cell production in Saxony.

Blackrock is invested in Meyer Burger, as are the Vanguard Group, Credit Suisse and UBS. And Pyotr Kondrashev, the Russian oligarch, who joined the company in 2016. There are many interests that come together at Meyer Burger – at a time when possible subsidies for solar energy are being decided in Brussels and Berlin and a fierce lobbying dispute has broken out in the industry over access to such subsidies . Quite a few companies are fighting for their survival on the German and European markets. This also applies to Meyer Burger.

The pressure on the company is correspondingly great. How big is shown by the recording of a conversation between CEO Gunter Erfurt and investors on January 17th, which is available to Business Insider.

Meyer Burger investor: More trust in Trump than in the federal government

See also  The U.S. took advantage of the European energy crisis to make a fortune

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy