Siunčiami duomenys …
Solitek Plans Nearly 50 Million Euro Investment in New Factory in Italy March 27, 2023

01News

Solitek Plans Nearly 50 Million Euro Investment in New Factory in Italy

Solitek Plans Nearly 50 Million Euro Investment in New Factory in Italy

Aiming to take advantage of Italy's favorable climate and growing demand for renewable energy, Solitek is expanding its operations and creating 300 new jobs in the solar panel manufacturing industry.

Solitek, a major solar panel manufacturer in Northern Europe, is expanding its operations into Italy and investing nearly 50 million euros in establishing a new solar module manufacturing plant in the country. The Lithuanian company's move is part of its long-term strategic plan to expand and establish a strong presence in the European market, paving the way for future growth and expansion into other regions. The project is expected to take three years and is financed through a combination of subsidies from the European Commission and Solitek's capital.

Julius Sakalauskas, the CEO of Solitek, postulates that the new plant in Benevento, Italy represents an exciting development that will enable the company to take advantage of the growing demand for sustainable energy and help support the agricultural sector in Italy. Therefore, the enterprise’s plans to provide solar panels for agro-installations (AgroPV) that produce electricity, provide shade for plants and protect them against adverse weather conditions.

Stepping Stone into Solitek’s Expansion In Southern Europe

Overall, the novel manufacturing plant will also serve as a stepping stone for Solitek's expansion into Southern Europe. Italy's favorable climate for agriculture provides a suitable environment for agro-installations, a significant advantage compared to Northern Europe, where the window for agro-installation usage is relatively short. Operating a manufacturing plant in Southern Europe will also help Solitek avoid fluctuations in production capacity during winter when solar panels in Northern Europe cannot be used.

Solitek Plans Nearly 50 Million Euro Investment in New Factory in Italy

Stability in Production and its Impact on Green Energy Production

Following a complex decision-making process of selecting prospective locations, the decision to invest in Italy was driven by two crucial factors: the favorable climate and the increasing demand for sustainable energy, specifically in the agricultural industry.

In all instances, Solitek is committed to providing solar panels for agro-installations (AgroPV)) to produce electricity, provide shade for plants, and protect them against adverse weather conditions. This initiative will help preserve agricultural land while providing clean energy for farming operations.

Furthermore, the new manufacturing plant is expected to impact the EU's efforts to incentivize the region's green energy production and economic recovery.

Uncovering the Gradual Project Development

The project is expected to take three years, with Solitek planning to spend close to 50 million euros in developing and constructing the new facility. The corporation is currently organizing technical specifics, with plans to transition to the first development stage to build a 600 MW solar panel production line in Q2, 2024 in Benevento, Italy.

In the second phase, Solitek will install a 1 GW battery line for energy storage. The growing demand for sustainable energy production and changing consumer needs inspired Solitek to take their product line further, developing this innovative approach to storing energy. The new energy storage battery called Nova is designed to keep excess electricity during off-peak hours and discharge it when needed. Nova batteries use artificial intelligence (AI) to track weather and consumer behavior changes to optimize energy production and storage. The new line could revolutionize the sector, maximizing energy usage, lessening environmental effects, and reducing electricity prices by up to 50% for the end consumer. Storing electricity could also stabilize the electric grid and provide a reliable backup. Two years after the initiative's launch, the business intends to begin recycling lithium batteries to become more self-sufficient and comply with the EU rule prohibiting the transfer of raw materials to unauthorized persons.

Exploring the Impact on Employment and Investment

Throughout the gradual development of the new manufacturing facility and after its creation, Solitek plans to generate up to 300 jobs, revitalize a low-employment area, and attract further international and local investments.

In the exhibition K.EY - The Energy Transition Expo in Rimini (was held on march 22-24, 2023) SoliTek team gained insights about Italian market trends and got possibility better understand clients' needs. During the event, Solitek team met with Rai - Radiotelevisione Italiana, who were interested in discussing the latest trends in the solar energy market. SoliTek CEO Julius Sakalauskas shared his professional insights about the industry and SoliTek role in it.

02More news

SoliTek's Solar Barriers on Lithuania's Transport Routes June 26, 2024

SoliTek's Solar Barriers on Lithuania's Transport Routes

SoliTek, in collaboration with construction partner Stalcorp, is excited to announce the launch of two pioneering photovoltaic noise barrier projects in Lithuania. These initiatives are among the first in the country and all the Baltic states to integrate solar power generation with infrastructure noise mitigation, aligning with the goals of the recently unveiled European Solar Charter.

SoliTek launches smart battery production line in Lithuania April 23, 2024

SoliTek launches smart battery production line in Lithuania

SoliTek has officially opened a new production facility in Vilnius. During the opening ceremony, the only production line for Nova smart batteries in the Baltic States was also launched, with the first battery module produced in just 7 minutes. Speaking about the advantages of the smart energy storage system or battery Nova, Mr Sakalauskas pointed out that it can store up to 40 kWh of energy, which is one of the largest capacities of home batteries on the market.

Innovations in Nanocoated Solar Panel Technology (SUPER PV) April 09, 2024

Innovations in Nanocoated Solar Panel Technology (SUPER PV)

Since spring 2021, SoliTek has been actively engaged in solar panel research, with a focus on long-term outdoor performance testing. The company's research primarily centers around comparative analyses of Bifacial and Monofacial glass/glass module technologies, both enhanced with advanced nanocoatings. These coatings offer anti-reflection properties and effectively prevent dust accumulation, which is crucial for maintaining efficiency over time.

SoliTek Launched New Bifacial Solar Panels Designed for Carports March 18, 2024

SoliTek Launched New Bifacial Solar Panels Designed for Carports

Solitek has recently launched its latest product: 370 W bifacial dual glass solar panels designed specifically for carport applications. These panels are constructed with durable 3 mm glass on each side and supported by an anodized aluminum frame. They have been certified for overhead glazing by the German Institute for Building Technology (DIBt) and boast a class 4 hail resistance.

Solitek Unveils New Smart Stackable Residential Battery NOVA March 06, 2024

Solitek Unveils New Smart Stackable Residential Battery NOVA

Solitek steps into the forefront of sustainable home energy solutions with the launch of SoliTek NOVA battery system. This innovative, smart residential battery, crafted in Europe, is designed for stackability and boasts an impressive energy storage capacity of up to 40 kWh, positioning it as one of the top contenders for storage capacity in today's market.