Solar module manufacturer Solitek expands its export markets
Vilnius-based solar module manufacturer Solitek in 2021 sales revenues increased by 54% and reach 14.8 million euros. This was mainly due to a third increase in exports to the Scandinavian markets and the growing popularity of premium products. Following its success in Scandinavia and the Benelux countries, the company is expanding its export markets. This year the company plans to strengthen its position in Italy and France. In 2021 Solitek already started to cooperate with American companies and this year will start exporting their modules to the United States.
Solitek’s sales increased significantly in Sweden (63%) ir Finland (11%), and total exports to Scandinavia rose by 34.15% in 2021, reaching 5.5 million Euros.
„Last year was a turning point for SoliTek when we further established ourselves in Europe as a reliable manufacturer of solar panels. We now supply 85% of our solar panels to EU countries. The European origin of our products is becoming an increasingly important advantage as Asian suppliers lose confidence. We are also following the recent changes in consumer – they are increasingly focused on the origin of the product, sustainability principles applied by the producer and so on. Therefore we have a lot of possibilities here“, says Julius Sakalauskas, CEO of SoliTek.
According to him, in 2021 sales of glass glass solar modules almost doubled (96%), which reflects a change in consumer choice. These are premium solar modules that collect not only direct sunlight, but also their reflections from the ground or the roof. Thanks to this technology, solar modules can generate up to 45% more electricity.
„It is clear that people tend to invest in more efficient and sustainable solar modules. Our solar modules are also the only ones in the world is certified for a Silver level Cradle to Cradle Certified™ award for its advanced glass-glass SOLID module range, which means extremely strict requirements for the EU's circular economy. It becomes our business card, exclusive and advantage in the European market, especially in Scandinavia,“ the Solitek head continued.
This year SoliTek are going to work not in two but in three shifts and continue to increase production. SoliTek can offer the most innovative solutions for green Europe: the solar power plant in the fields with "tracker" technology can generate up to 40% more
electricity; solar power plants on the roof can generate 20% more power; solar panels can be integrated into the roof (solar power plant as a roof) or even the façade (Solid Wall applications); solar power plants in agro industry (agro-solar power plants); noise barriers with integrated PV solutions on motorways and railway tracks saving the construction costs, producing energy and safeguarding the population!
Growing interest in integrated roof solutions
SoliTek increased sales revenue by 55 % in the first three quarters of this year compared to the same period in 2021. This is mainly due to the growing interest in solar PV not only in Lithuania but also across Europe. Growing export volumes also contributed to the company's strong performance
Demand for SoliTek solar modules grows
Vilnius-based solar module manufacturer SoliTek increased sales revenue by 273% in the first half of 2022 compared to the same period in 2021. This is mainly due to the growing interest in solar PV not only in Lithuania but also across Europe. Growing export volumes also contributed to the company's strong performance.