Swiss PV module producer Meyer Burger has slashed its manufacturing plans for 2022 and 2023, citing a “difficult provide chain surroundings” which has brought on delays to its deliberate manufacturing capability construct out.
Introduced at the moment (2 July), the producer now expects a manufacturing quantity of 320–370MW in 2022, down from a beforehand predicted 500MW, whereas its forecast for 2023 has additionally been reduce to 1-1.2GW, down from an anticipated 1.35GW.
Within the first half of this 12 months, Meyer Burger produced 108MW of modules, with a further 210–260MW anticipated within the H2. In the meantime, its web site in Freiburg, Germany will begin its manufacturing enlargement to 1.4GW in September and is anticipating a manufacturing quantity of 1.0–1.2GW in 2023 in consequence, down from a earlier goal of 1.35GW.
The primary part of the Freiburg enlargement of 400MW was “technically full”, the corporate mentioned.
Meyer Burger is placing the downgraded manufacturing forecasts right down to “the expectation of decrease throughput in comparison with the nominal capability of the at present working line in addition to a delayed ramp-up of the manufacturing capacities at present underneath development and commissioning.”
This, it mentioned, displays “the continuing world provide chain constraints, ensuing within the delayed arrival of required parts wanted for the ramp-up of the extra capacities”.
The corporate mentioned it had been in a position to cross on elevated materials prices to its clients via gross sales value will increase. However these larger costs had not dampened demand. It mentioned it was receiving sturdy demand for its merchandise in Europe and the US, the place order allocations for Q2 2023 are at present being made.
Meyer Burger is concurrently increasing its module manufacturing within the US with preparatory work initiated throughout the first quarter of this 12 months, to be able to attain an annual capability of 1.5GW in its plant in Goodyear, Arizona.
It mentioned it anticipated an EBITDA breakeven outcome on a run-rate foundation to be met by the tip of the 12 months.