A solar manufacturing investment cycle appears to be underway in Europe, with equipment suppliers reporting surging levels of inquiries for new production lines. Larger PV wafer formats are driving the change, along with renewed confidence in the outlook for the solar PV market on the continent. To meet the demand, European equipment suppliers are now embracing flexibility.
The German PV equipment provider will deliver ‘Silex II’ machines to an unnamed client.
German engineering association the VDMA expects a difficult year because of the Covid-19 crisis. Sales had already dropped considerably last year and the current order intake level offers no glimpse of hope. However, the public health crisis may offer business in new markets determined to break a dependence on Chinese panels.
Meyer Burger’s new chairman has acknowledged that the outlook remains tense for Europe’s largest solar equipment supplier, but he is urging shareholders to support the company’s plan to reposition itself to focus on high-yield technologies and markets beyond China.
The PV equipment manufacturer said solar sales remained stable. Major CIGS contracts with Chinese partners Shanghai Electric Group and China Energy Investment Corporation dominated the company’s PV business.
Precision Surfacing Solutions is paying $50 million to take over most of the production facilities as well as 100 employees working in wafer technology in Thun and in service locations worldwide. Meyer Burger wants to focus on PV cell coating and interconnection technologies.
German PV production equipment manufacturers are recording a decline in incoming orders. Thin film technology, meanwhile, is seeing significant market share increases.