Solar cell and module manufacturer Meyer Burger Technology has announced that its German subsidiaries, Meyer Burger (Industries) and Meyer Burger (Germany), have initiated insolvency proceedings as restructuring efforts were unsuccessful.

Meyer Burger stated that it had made intensive efforts to keep the sites operational during the restructuring negotiations. However, the efforts yielded no success, and the company will continue the proceedings, together with a provisional insolvency administrator to be appointed by the court.

It has also stopped module production in the U.S. due to a lack of funds. All 289 employees at the Goodyear, Arizona facility received their termination notices. The manufacturing facility had an annual capacity of 1.4 GW. “The future of the site is uncertain,” the company said.

Meyer Burger Industries’ solar cell manufacturing facility in Thalheim (city of Bitterfeld-Wolfen) employs 331 people. Meyer Burger, Germany, located in Hohenstein-Ernstthal, employs 289 people in mechanical engineering and technology development.

Meyer Burger (Switzerland) AG, which employs approximately 60 people in Thun, will continue to operate.

Against the background of the ongoing financing discussions on restructuring, Meyer Burger has requested an extension of the deadline for presenting its 2024 financial results. The deadline expired on May 31, 2025.

Last year, Meyer Burger Technology also shut down its manufacturing facility in Freiberg, Germany. The closure was part of the company’s plan to cut its losses in Europe and relocate its manufacturing base to the U.S.

The company had stated that maintaining a full-scale solar manufacturing operation in Europe was no longer viable and announced plans to shift focus to the U.S. market, which promises faster growth with lower capital demands.

In 2024, the company announced a strategic shift in its operations, focusing on its solar module production facility in Goodyear, Arizona, while halting plans for a new solar cell manufacturing plant in Colorado Springs, Colorado.