Solar panel maker on verge of bankruptcy

12:08 - 16.11.2024


November 16, Fineko/abc.az. After the closure of production in Germany, Swiss solar panel manufacturer Meyer Burger is on the verge of bankruptcy.

ABC.AZ reports that the point is the refusal of cooperation by Desri (U.S.). Company's shares collapsed by 62.29%. Faced with fierce competition in Europe from Chinese manufacturers, Meyer Burger decided to refocus on the American market, but received a response: "An American customer sent a letter informing it of the immediate termination of the main contract."