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News > EU RoHS Directives and Regulations > Spanish company Electria builds Europe's first solar photovoltaic panel recycling plant.

Spanish company Electria builds Europe's first solar photovoltaic panel recycling plant.

2011-05-16

Spanish company Electria builds Europe's first solar photovoltaic panel recycling plant. Source and time: According to a report in the Spanish daily Cinco Días on February 22, 2011, Electria, a Spanish company focused on sustainable energy development, will partner with India's Poseidon Group to invest €3 million in building Europe's first solar photovoltaic panel recycling plant in Cetina (located in the Zaragoza province). The plant is expected to create 20 jobs. According to Electria's chairman, José Luis Manzano, the project is a response to future legislation that may be enacted and enforced, as industrial development and environmental protection are inextricably linked. Furthermore, according to Chairman M's estimate, Europe currently needs to recycle over 10,000 metric tons of solar photovoltaic panels. It is projected that by 2015, the average annual recycling volume will reach approximately 15,000 metric tons, and by 2020, this figure will soar to 35,000 metric tons annually. Therefore, he believes that recycling obsolete solar photovoltaic panels will be a new business opportunity with high added value: using recycled and refined silicon raw materials to remanufacture new solar photovoltaic panels; since silicon raw materials account for 70% of the manufacturing cost of solar panels, this will inevitably help significantly reduce production costs. – Source: Bureau of Foreign Trade

–Source: Bureau of International Trade

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