After submitting similar bankruptcy documents in Europe earlier this month, Meyer has submitted Burger for Chapter 11 Bankruptcy Protection in the United States. The company estimates its assets between $ 100 million and $ 500 million, and its obligations between $ 500 million and $ 1 billion.
Meyer Burger mentions his largest creditor with uncovered claims such as American customs and border protection, with $ 5.1 million in unpaid import duties.
The Swiss company operated a solar panel -assembly factory in Phoenix, but dismissed the entire workforce at the end of May. Meyer Burger also had a cell production facility and R&D office in Germany, but those sites are also closed.
Meyer Burger started in the solar industry as a developer of the production equipment for solar panels (Herojunction Technology (HJT). The “Smartwire” designs had a permit through other production names, including REC. In 2020, the company took the direct production and sale of sunbells and panel in Germany, with the first production facilities being held in Germany. Solar panel factory of Meyer Burger in Goodyear, Arizona, was opened in 2024 and was the only HJT manufacturer in the United States.
What helped Meyer Burger’s American factory outside the ground was a 5-GW food agreement with large-scale developer the Shaw Renewable Investments (Desri). Desri terminated his delivery agreement November 2024And Meyer Burger had since been played in a financially.
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