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Lithuanian component manufacturer says European and American customers are moving away from China’s supply chain

Views: 0     Author: Site Editor     Publish Time: 2021-11-10      Origin: Site

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Vilnius-based Solitek is preparing to increase production next year in the context of increased orders from Scandinavia, and said its new partnership with New York-based Convalt Energy will reduce its commitment to Asian semiconductors and solar energy. Dependence on battery.
Today, a press release issued by Lithuanian module manufacturer Solitek once again emphasized the prevalence of Asian-made modules in the solar supply chain. The press release announced an agreement to supply its products to US buyers.
The press release revealed the arrangements for supplying panels to New York energy company Convalt Energy, citing Julius Sakalauskas, the boss of Solitek, as saying in the context of the COP26 climate change summit in Glasgow: “The United States is looking for European partners as substitutes for Chinese production.”
Solitek’s statement went on to point out that most of the company’s modules are exported to European companies, “because Europe [more and more] pays attention to the quality of solar modules, the place of origin and production quality of solar modules, but does not tend to [sic] from Buy modules from Asian manufacturers.”
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However, when revealing more details of the memorandum of understanding signed with Convalt, Solitek stated that this two-way arrangement will give it the option to purchase U.S.-made semiconductors and solar cells from its transatlantic partners. “This will enable the company It can diversify its essential products. Elements and reduce its dependence on the Asian market.”
The terms of the agreement signed with Convalt, which is part of the New York-based financial services company ACO Investment Group, indicate that 15 MW of Solitek panels will be supplied to the American company in the second and third quarters of next year, “once the module certification is completed.”
It is not yet clear whether this is the scope of the module supply arrangement. Photovoltaic Magazine has contacted Solitek for more details. Convalt’s LinkedIn profile stated that the American company is developing “up to” 2 gigawatts of solar capacity in India.
The cooperation arrangement also includes the two companies’ “plans to develop renewable energy projects in Lithuania, including not only remote solar projects, but also wind farms, which will generate up to 1 gigawatt of energy per year.” pv magazine has asked Solitek for clarification. Is the 1 GW figure related to power generation capacity or expected annual output?
Solitek CEO Sakalauskas used a press statement to call for more “stable support” for Lithuania’s renewable energy. “In Lithuania, households can use… the government supports the installation of solar panels,” the CEO said, “but in 2021, the financing mechanism is very unstable.”
The Baltic business completed the long-term sale of its module production plant in Vilnius to the Finnish company Valoe last year and said it plans to increase its annual solar module production capacity from 100 MW to 170 MW next year. In summer, Finland more than doubled, Sweden increased by 25%, and Norway increased by 13%.
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