**Solar Panel Maker Meyer Burger US Files for Chapter 11 Bankruptcy**
Swiss solar manufacturer Meyer Burger has initiated voluntary Chapter 11 bankruptcy proceedings in the United States after previously filing for insolvency in Germany earlier this month.
On June 27, 2025, Meyer Burger announced in a court filing that it is entering the Chapter 11 bankruptcy process in the US. The company estimates its assets to be between $100 million and $500 million, with liabilities ranging from $500 million to $1 billion. The largest unsecured creditor identified is US Customs and Border Protection, which is owed $5.1 million in unpaid import duties, as reported by Solar Power World.
As previously highlighted by Electrek, Meyer Burger had to shut down its solar factory in Arizona and terminate all its employees due to insufficient funding.
On June 2, 2025, it was reported that Meyer Burger’s subsidiaries in Germany had filed for insolvency. Employees at the facilities in Hohenstein-Ernstthal, Saxony, and Bitterfeld-Wolfen, Lower Saxony, who had been furloughed last year, have now been laid off. The Hohenstein-Ernstthal location employs 289 individuals in mechanical engineering and technology development, while the Bitterfeld-Wolfen facility has a workforce of 331. However, the subsidiary Meyer Burger (Switzerland) AG, which employs around 60 staff in Thun, will continue its operations alongside Meyer Burger (Americas) Ltd..
The company has requested an extension for presenting its 2024 financial results, which is due today, as they continue discussions regarding a restructuring plan.
On May 30, 2025, all 282 employees at the Goodyear, Arizona, factory were notified of their termination, and operations at the site were halted immediately. This facility was still in its ramp-up phase with a planned annual production capacity of 1.4 gigawatts and had just begun assembling solar cells imported from its German factory. The shutdown was attributed to a lack of funding, leaving the future of the Goodyear site uncertain.
Meyer Burger is currently negotiating with bondholders in an effort to restructure debt related to two convertible bonds maturing in 2027 and 2029. These bonds were issued by its subsidiary MBT Systems GmbH and are backed by the parent company. The implications for Meyer Burger’s factories in eastern Germany remain unclear, as a spokesperson told the German press agency dpa.
Over the past few years, Meyer Burger has faced significant challenges, largely due to competition from cheaper solar imports. In 2024, the company reduced its workforce by approximately 20% from its total of 1,000 employees, even while pursuing expansion plans in the US. Last December, the company secured nearly $40 million in bridge financing from creditors to remain operational, but those funds have since been depleted.
Meyer Burger has indicated that it will provide further updates as new information becomes available.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/meyer-burger-us-enters-chapter-11-bankruptcy-amid-financial-struggles/
