Sunset for Solarbranche Meyer Burger: Insolvency Proceedings Filed for Thalheim Site
Bankruptcy Filing for Thalheim Site by Meyer Burger - Meyer Burger Seeks Insolvency Filing at Thalheim Branch
Get ready for a shake-up in the solar industry! Solar power giant, Meyer Burger, has made the bold move to file for insolvency proceedings for its German subsidiaries, including the solar cell production facility in Thalheim, Saxony-Anhalt - a major blow to the region. With around 331 dedicated employees, this facility has been a beacon of hope for renewable energy enthusiasts. The announcement was made on a somber Saturday night from their Swiss headquarters in Thun.
Thalheim, Bitterfeld-Wolfen, Germany, and even Europe have lost a vital industrial landmark, according to Armin Schenk, the Mayor of Bitterfeld-Wolfen since 2017. In an interview with the German Press Agency, Schenk shared, "This is a regrettable and depressing day. These employees have worked with dedication and carried the visions of the past." Hope still lingers, as he called upon the insolvency proceedings, believing, "this is future technology."
Four years ago, Meyer Burger kick-started solar cell production in Saxony-Anhalt, riding the wave of optimism in the renewable energy sector. Thalheim had once been a prominent solar hub in Europe. However, the fierce competition from cheaper solar modules from Asia ignited a crisis in the German solar industry, plunging the sector into a darker phase.
While May 2021 saw the commencement of solar cell production in Saxony-Anhalt, Meyer Burger was slated to reveal their 2024 business figures by May 31, 2025. Given the ongoing financing discussions for restructuring, the company sought and secured an extension for submitting their figures.
However, the extension does not apply to the still-being-built solar module production in the US state of Arizona, which was recently halted. Initially, the production in Arizona was planned to use solar cells from Germany. Disappointingly, Meyer Burger’s subsidiaries in Switzerland and the USA remain unaffected by these proceedings.
- Meyer Burger
- Thalheim
- Solar industry
- Insolvency proceedings
- Subsidiary
- Site
- Saxony-Anhalt
- Bitterfeld-Wolfen
- Switzerland
- Germany
- Thun
- Schenk
- Saxony
- Europe
- Works council
[1] Meyer Burger (Industries) GmbH[2] Meyer Burger (Germany) GmbH[3] Thalheim solar cell production facility[4] Bitterfeld-Wolfen[5] Thun, Switzerland
- Despite the ongoing financial discussions, the insolvency proceedings for Meyer Burger's Thalheim solar cell production facility in Saxony-Anhalt will significantly impact the local solar industry and Europe as a whole, as this facility has been a key contributor to renewable energy.
- In light of the insolvency proceedings filed for Meyer Burger's subsidiaries in Germany, it is worth noting that their production sites in Switzerland and the USA remain unaffected, signifying a potential future for solar energy beyond the current crisis.
