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Swiss Investor Takes on China in Bid to Reboot EU Solar

  • Meyer Burger buys assets of bankrupt German solar producers
  • Company’s CEO is targeting 5GW of panel production by 2026
Linde AG Hydrogen Electrolysis Plant Operations as European Utilities Race to Unlock Green Fuel
Photographer: Alex Kraus/Bloomberg
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A Swiss company is buying up cheap solar assets in a move to reclaim a key link in Europe’s renewable energy supply chain from China.

Meyer Burger Technology AG said it’s planning to restart module production in Germany’s “Solar Valley” from next year to feed growing European Union demand for green energy. Over the last decade, EU manufacturers have been crushed by Chinese panel makers that have grown to dominate the global market.