The Swiss vertically integrated storage solutions company reports 2016 annual revenues of $27.6 million and 2017 order backlog of 85 MWh of new utility-scale storage projects.
The Swiss power electronics company’s 2016 financial report reveals reclassification of its solar inverters as Electrification product – a move intended to aid profitability.
The Swiss technology company will provide its MAiA 2.1 technology to two customers in Asia.
The Swiss PV manufacturing equipment supplier has had an excellent start to the year, with these now the company’s sixth major orders for its highly technical equipment, while the recapitalization stays on track with an approval from the High Court for the resolutions of the bondholders.
Meyer Burger’s solar PV manufacturing equipment is in vogue at the minute, as the company has enjoyed a flurry of new orders in the last week, the most recent a CHF 8 million (USD 7.9 million) order from one of the company’s existing European customers.
The 15-year partnership between Multi-Contact and the Stäubli Group has now been fully celebrated, as innovative manufacturer of electrical contacts and system solutions Multi-Contact rebrands, and takes on the well-respected Stäubli name.
Swiss PV manufacturing equipment producer Meyer Burger has started the new year on a high, by securing two orders of its MB PERC technology equipment worth CHF 20 million (USD 19.6 million) from two of its existing Asian customers.
With this action the independent power producer has halved the value of its outstanding bonds, and will reduce its annual interest costs by 50%.
The company has raised EUR 153 million through the offering, which should allow it to repay a bond due 2017.
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