New investors for Solarge circular lightweight solar panels

New investors for Solarge circular lightweight solar panels

-  Investments enable further production line configuration in Weert, the Netherlands
-  Large-scale production of circular lightweight solar panels to start in January 2023; 100,000 solar panels per annum

Eindhoven, 21 March 2022Solarge is proud to announce that new investors, including Sytse Bouwer (Acquario, founder of GroenLeven), support the company. Solarge now has enough capital on board to actually start the large-scale production of a new generation of sustainable solar panels. Besides Sytse Bouwer, three other informal investors are investing a substantial amount in Solarge. In 2021, Daan van der Vorm, owner and managing director of VORM also decided to invest in the innovative Solarge.

Jan Vesseur, CEO Solarge: “We are proud that Sytse Bouwer is committed and that we can now actually start large-scale production of our solar panels. Although we have had to wait a while for this latest round of investment, our patience has been more than rewarded. In the Netherlands, the use of solar power is expected to grow by at least a factor of 10 in the coming 30 years. After which the market for replacement PV panels will be enormous. We are delighted that we can get going with the real work and can configure our production line in Weert, where we have found the ideal location.”

Sytse Bouwer, investor on behalf of Acquario: “In the past, I have often investigated the feasibility of manufacturing solar panels in the Netherlands, and it turned out to be not so simple. However, Solarge has succeeded in making a solid business case for both development and production of fully recyclable solar panels in the Netherlands. I am convinced that the company and its products will make the difference in the solar-energy sector and I'm more than happy to join them. The production of these lightweight solar panels releases up to 75 percent less CO2 than when manufacturing conventional panels. Furthermore, the lightweight panels are practical and easy to install on roofs and carports and will be welcome in the offshore industry. This company is setting the trend for development and production of solar panels in Europe.”

Production line progress

Solarge expects to start installing the new production line, ordered at Mondragon Assembly from Spain, at its Weert production site in September 2022, and will start producing to fulfil various orders in January 2023. Solarge is aiming to realise a 100 MW solar panel factory in the Netherlands, with the ambition to expand this to more than 350 MW in subsequent years. Solarge expects to produce 100,000 solar panels in 2023; enough to supply 12,500 households with electricity (for 25 years).

Solarge offers solutions for lightweight roofs

Solarge started developing circular lightweight solar panels suitable for roofs with limited load capacity* back in 2018. In developing its solar panels, Solarge has ensured that the energy yield is comparable to conventional solar modules with glass. In addition, the company has devised a method to ensure that significantly less CO2 (up to 75 percent) is released in the production process. Because Solarge manufactures its solar panels using thermoplastic polymers, designed with and supplied by Sabic, the panels can be easily disassembled at the end of their useful life and the components reused. Also, Solarge’s panel does not contain PFAS materials. Solarge has won several awards for its innovative solar panels, including the Duurzame Dinsdag Prize 2021 and the BNR GreenQuest incentive prize.

* Recent research commissioned by Topsector Energy has shown that 45 percent of in the Netherlands cannot bear the weight of regular solar panels made of glass and aluminium ( voor-zonnepanelen)

About Solarge

Solarge is a Dutch developer and manufacturer of lightweight solar panels with a very low CO2 footprint. The solar panels do not contain PFAS, are fully circular and can be manufactured from recycled plastic. Solarge aims to accelerate the energy transition in the Netherlands by building a 350 MW production facility in the Netherlands.