Solar Manufacturer Meyer Burger’s US Units File for Bankruptcy

Meyer Burger Technology AG’s US operations have filed for Chapter 11 proceedings with the aim of selling all or most of the Swiss-headquartered solar manufacturer’s assets in the country.

Meyer Burger (Holding) Corp. sought court protection on Wednesday in Delaware, listing liabilities of between $500 million and $1 billion, alongside assets between $100 million and $500 million in its petition. Creditors will provide up to $10 million in debtor-in-possession financing to help fund the sales transactions, according to court filings.

Meyer Burger, a veteran in the photovoltaic industry, has become the emblem of the challenges facing solar manufacturers in ...