Meyer Burger wins EU funding for a 3.5-gigawatt production increase

07/14/2023 | Print view

Meyer Burger Technology AG had submitted a funding application for 200 million euros in the EU-wide selection process of the European Innovation Fund earlier in 2023. The project "HOPE" (High-efficiency Onshore PV module production in Europe) is now eligible for funding.

Project HOPE involves the construction of an additional 3.5 gigawatts of production capacity for solar cells and solar modules by Meyer Burger in Germany as well as probably in Spain. The project is among the eleven selected for EU funding in the segment "Clean Tech Manufacturing".

In the area of photovoltaic production, the Norwegian company Norsun was also successful with a project to expand wafer production. Norsun and Meyer Burger are already in a supply relationship for solar wafers.

Formal issuing of the decision by the end of 2023

The current EU Innovation Fund tender has a volume of 3.6 billion euros. The funding comes from EU-ETS CO2 allowance trading and thus directly drive decarbonization. The EU-wide selection process took four months.

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The EU Commission will issue the grant decision in a formal process following this selection decision, which is expected before the end of this year. (mfo)