Meyer Burger Investor Presentation
Long-term offtake agreement of 3.75-5 GW with DESRI
marks a strategic milestone
Facts and figures on offtake
DESRÍ
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Customer: D. E. Shaw Renewable Investments
(member of D. E. Shaw group, USD 60b
investments and committed capital)
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Volume: 3.75 GW of utility modules with right of
first refusal for DESRI to increase to 5 GW
Term: Supply between 2024 and 2029,
extension of term and volume possible
Down payments: Substantial recurring annual
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down payments
☑ MEYER BURGER
Benchmark agreement enables next growth step
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Meyer Burger can commence the rapid expansion of its U.S.
manufacturing on this new basis, expected to reach ~3 GW of
global nominal production capacity (Germany and U.S.) by
around mid-2024 (contingent upon completing financing)
Facilitates bankability for utility product
Resulting segment split of about two thirds residential/small
commercial expected
Annual down payments as well as long-term visibility shall help.
Meyer Burger to establish and expand more secure and even
more sustainable supply chains and to optimize costs
Negotiations with further strategic offtake partners in the U.S.
and Europe on the back of this benchmark offtake agreement are
ongoing
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