Meyer Burger Reaches $5 Million Solar Module Deal With Lenders

Meyer Burger’s bankrupt US units reached a $5 million settlement of a dispute with a lender group over certain photovoltaic solar panel modules.

The $4.8 million credit bid and $275,000 in cash resolves the dispute over an alleged lien on about 8.3 megawatts of modules that weren’t included in an earlier sale agreement with Babacomari Solar North, part of a lender group led by DESRI Procurement, according to a Wednesday filing in the US Bankruptcy Court for the District of Delaware.

Waaree Solar Americas, an affiliate of the Indian solar panel manufacturer, previously agreed to buy most Meyer Burger assets ...