Swiss solar panel manufacturer Meyer Burger has signed a contract with D.E. Shaw Renewable Investments (DESRI) to supply up to 5 GW modules for the developer’s large-scale solar projects in the U.S.
Meyer Burger will expand its production capacity to reach 3 GW a year by mid-2024 to supply DESRI at least 3.75 GW of solar modules between 2024 and 2029.
Under the contract, DESRI has the right to increase the order volume to 5 GW, as well as to extend the contract beyond the 5-year period.
