- Meyer Burger shares H1/2021 financials, says completely sold out well into Q4/2021
- Endesa has purchased 350 MW solar and wind portfolio from ABO Group in Spain
- Trianel has increased its solar power portfolio to 51.5 MW with the commissioning of 2 projects in Germany
Meyer Burger posts H1/2021 results: Meyer Burger has released its 1st financials since turning into a solar cell and module producer, sharing that under the old business model, its sales came to a total of CHF 18.0 million (H1/2020: CHF 51.0 million). The EBITDA generated was CHF -30.9 million (H1/2020: CHF -25.5 million).
From the beginning of H2/2021, it will start generating 1st sales of solar modules. Management claims the company is completely sold out with the orders on hand until well into Q4/2021, and prices are ‘fully in line with expectations’. It hasn’t been able to completely ramp up its capacity so far and has been running production in continuous shifts.
Meyer Burger admitted experiencing ‘lack of standard components’ for its factories to ramp up which has delayed its plans to commission individual parts of production lines to beyond August 2021. “Despite the tense global market situation, the supply of critical materials for solar cell and module production is sustainably secured through binding supply contracts,” it stated.
The company’s expansion plans for solar cell and modules to 1.4 GW each are on track to be achieved by 2022-end, with around 1 GW module capacity planned for Freiberg, and close to 400 MW at a second ‘expandable’ location on which the decision is to be taken in Q3/2021 (see Meyer Burger Raises Capital To Expand Production Capacity).
Endesa acquires 350 MW RE: Spanish utility Endesa, which is part of Italy’s Enel Group, has purchased 350 MW of new wind and solar energy capacity from ABO Group through its renewable subsidiary Enel Green Power Spain (EGPS). Total investment on acquisition and construction of this portfolio is to cost Endesa an approximate €315 million. All the projects will be located in the Spanish province of Cuenca. Projects are likely to come online at the end of 2022, with construction beginning in autumn this year. This purchase takes Endesa’s total renewables capacity purchased from 3rd parties to nearly 1.7 GW.
Trianel commissions 15.9 MW solar: German municipal utilities group Trianel Erneuerbare Energie GmbH & Co. KG (TEE) has commissioned a total capacity of 15.9 MW PV in Germany, in the form of a 8 MW and a 7.9 MW solar farms. The 8 MW project has come up in Rheinland-Palatinate on a vineyard. It is expected to generate 8.8 million kWh annually. The 7.9 MW facility is located in Eastern Germany, in the state of Saxony-Anhalt between a military training area of Germany’s military and an active railway line. Both facilities were constructed by Steag Solar Energy Solutions GmbH (SENS), and takes the total solar portfolio of Trianel to 51.5 MW.