Meyer Burger has filed for Chapter 11 protection in the US, following its German insolvency
It follows the company shutting down the operational Arizona module factory
Currently, it is exploring a partial asset sale to interested parties to stabilize operations
Soon after filing for insolvency protection for its Germany-based subsidiaries, Switzerland-headquartered Meyer Burger Technology AG has now filed for Chapter 11 protection for its subsidiaries and debtor affiliates in the US.
According to the Bankruptcy Court for the District of Delaware, the company subsidiaries that have filed for Chapter 11 are Meyer Burger (Americas) Lease Co., LLC, Meyer Burger (Americas) Ltd., Meyer Burger (Arizona) LLC, and Meyer Burger (Holding) Corp.
Meyer Burger estimates its US liabilities in the range of 500 million to $1 billion, while valuing its assets in the range of $100 million to $500 million.
The company shut down its operational Goodyear, Arizona solar module manufacturing factory in May 2025, laying off 282 ‘remaining’ employees, following the shutdown of its 2 GW planned US solar cell factory in Colorado (see Meyer Burger Shuts Down US Solar Module Factory).
Recently, unsuccessful restructuring efforts and continued financial troubles, amidst growing competition from cost-competitive products from Asia, led to Meyer Burger opting for Chapter 11 protection of its German subsidiaries, impacting over 600 jobs (see Meyer Burger Files Insolvency For 2 German Subsidiaries).
Meanwhile, the manufacturer has secured an extension to publish its Annual Report 2024 until the end of July 2025. It continues to negotiate the restructuring of its outstanding bonds and the bridge financing granted by bondholders. Meyer Burger is also in discussions with potential parties for the partial sale of its existing business or corresponding assets and contracts.
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