In accordance with the agreement, Ecosolifer will make an advance payment of CHF 0.89 million. In return, Meyer Burger will make an impairment charge of CHF 2.86 million for 2020 on the installations from 2015. As a result, this transaction will result in a net loss of CHF 1.97 million and a net cash inflow of CHF 0.89 million.
For Meyer Burger, the closing of this chapter is a further step to free itself from its past and to concentrate on the new captive business model and to enter into the solar cell and module production itself.