Add major driver #2. In addition to being late to the game, they have an expensive manufacturing operation to feed that is sitting inside a collapsed solar market and national economy. I would say that we can consider them qualified on the motivation front.
Press Release February 2010
Renovatio launches on the 2nd June 2010 the largest and the most technologically advanced photovoltaic panel manufacturing facility in Eastern Europe.
Renovatio Solar, a subsidiary of Renovatio, presents the largest fully automated PV - panel manufacturing facility in Eastern Europe, with an investment of 10 million Euros. The factory has a total capacity of 50 MWp and it will produce 250.000 panels per year.
The manufacturing facility covers a total area of 3000 square meters and it is located in Satu-Mare, Romania. The Group chose Romania for its manufacturing operations due to the highly skilled local work force and the logistic facilities in the area.
The factory is comprised of a storage and supply depot, a production facility and a Research and Development Center, which supports the company's constant preoccupation for product improvement and efficiency. The project has been executed within 18 months.
- Renovatio Solar comes in at the right moment. It is the link that was missing in our vertically integrated Group of companies. Development and generation of clean energy, trading and PV panel manufacturing complete the Renovatio business approach in the renewable energy field, explains Andre Fraga, Head of International Development for Renovatio.
Renovatio Solar will produce 9 types of high performance mono - and polycrystalline photovoltaic panels with various nominal power values, ranging from 225 Wp to 250 Wp. The products will be marketed in the European Union, primarily in Italy, Portugal, Bulgaria, Poland and Romania, where the Group has a well-established presence and activities in the renewable energy field.
- What we are determined to do is to go beyond the simple manufacturer status and to support the Renovatio Solar product offer with a specialized service offer. Apart from manufacturing and retail, we come in with EPC services, turnkey solutions and after sales support. We cover both areas, domestic or residential solar energy projects (panel installation, operation and maintenance), as well as solar parks (EPC services, operation and maintenance), adds Andre Fraga, Head of International Development for Renovat
Monty Bannerman
ArcStar Energy
646.402.5076
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