The Swiss solar manufacturer Meyer Burger says it is considering closing its factory in Freiberg, Saxony. The company has unveiled a plan to reduce “unsustainable losses” in Europe and focus on the US. “Part of the plan would unfortunately be to close the factory in Freiberg, Germany, as early as early April 2024,” the company said.
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The solar manufacturer blamed the political environment. In view of the deteriorating European market environment, full-scale solar production in the region is no longer sustainable for the time being, said Meyer Burger. The company calls for political measures to create fair competitive conditions.
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The company said a final decision would have to be made by mid-February. The factory in Freiberg is the largest solar module production in Europe. 500 employees would be affected.
China is distorting the European solar market
A sharp increase in Chinese production overcapacity as well as trade restrictions imposed by India and the USA led to significant oversupply and distortion in the European solar market last year.
Solar cell production in Bitterfeld-Wolfen and Thalheim should continue and support the ramp-up of module production in the USA.
The Swiss solar manufacturer Meyer Burger says it is considering closing its factory in Freiberg, Saxony. The company has unveiled a plan to reduce “unsustainable losses” in Europe and focus on the US. “Part of the plan would unfortunately be to close the factory in Freiberg, Germany, as early as early April 2024,” the company said.
The solar manufacturer blamed the political environment. In view of the deteriorating European market environment, full-scale solar production in the region is no longer sustainable for the time being, said Meyer Burger. The company calls for political measures to create fair competitive conditions.