May 14 (Renewables Now) - Meyer Burger Technology AG (SWX:MBTN) on Wednesday elected Mark Kerekes from Sentis Capital PPC, the Swiss solar technology firm’s largest shareholder, to the board of directors.
At its 20th ordinary General Meeting on May 13, the company also appointed to the board Urs Faehndrich and re-elected existing members Franz Richter and Andreas Herzog. In a separate vote, Richter was named chairman.
Sentis, a unit of Russian billionaire Petr Kondrashev’s Elbogross SA, fought hard last year to appoint its co-managing director Kerekes to the Meyer Burger board. He, however, failed to get a seat in a vote at the end of October 2019. Several months after that, and around the time the departure of Meyer Burger’s CEO Hans Braendle was announced, the solar company said it had changed its mind about Kerekes.
In today’s press release, Meyer Burger also confirmed that its primary focus now would be on the establishment of its own photovoltaic (PV) cell and module factories in Europe, and Germany in particular. It is already discussing financing options.
“The entry into its own, large-scale production should enable Meyer Burger to benefit directly from the technology and cost leadership of its proprietary, patent-protected heterojunction/smartwire technology in the future,” Meyer Burger said.
Boosting solar manufacturing in Europe has become a hot topic in recent days. SolarPower Europe announced on Tuesday the launch of a platform to facilitate connections between industry participants and financial investors with a focus on beefing up the continent's PV supply chain.