European heterojunction (HJT) manufacturer Meyer Burger Technology AG has received positive news amid financial difficulties, as its high-efficiency modules have officially qualified for Italy’s Transizione 5.0 incentive program, entitling them to a maximum tax credit of 150%.
The Transizione 5.0 program aims to support domestic commercial PV projects and encourage the use of solar modules manufactured in Europe. Meyer Burger stated that it is the only company to qualify for Category C, which offers the highest subsidy.
To qualify for this category, PV modules must meet three core requirements:
- They must be manufactured in the European Union.
- They must use bifacial cells produced in the European Union.
- The cell conversion efficiency must reach at least 24%.
Meyer Burger claimed that Italian PV projects using its modules can cover nearly two-thirds of the total investment costs.
In addition, Meyer Burger announced its first supply agreement for HJT modules in the Italian market with PV EPC company IBC Solar. The supplied products will be manufactured at the Freiberg factory in Saxony, Germany. Although the factory ceased production in March 2024 due to a flood of low-priced Chinese module inventory entering the European market, the company will fulfill the order using existing inventory and stated that the stock is “sufficient in quantity.”
Currently, the company is in negotiations with more potential customers for supply agreements in the Italian market.
