Absolicon inks initial deal to sell solar collector production line in Peru

Peruvian waste management company Waste Away Tecnologias para la Gestion de Residuos SAC (WTR) has signed a framework agreement to acquire a solar collector production line from Swedish concentrated solar heating specialist Absolicon Solar Collector AB.

The agreement for Absolicon’s T160 solar collectors production line to set it up in Peru is not binding yet and finer details of the contract are being written down. The Swedish company said that it stands to earn around EUR 4 million (USD 4.4m) to EUR 5 million in revenues from the sale of hardware, additional EUR 4 million from the sale of raw materials and a monthly licensing fee of 4% if the deal is finalised.

The line is said to be capable of manufacturing 50 MW of solar collectors per year, or one every six minutes, with the help of two robots and five operators. Apart from selling hardware, Absolicon provides consulting support for marketing, as well as technical support, development and training.

The production line that is being negotiated for sale to the Peruvian customer is the same one that Absolicon has in Sweden and the one it installed for a Chinese client two years ago, the company said.

WTR is described as the company run by two brothers, Luis Felipe and Julio Arnaldo Olaechea Alva, who initially focused on supplying sustainable technology for the food industry, but have now switched to solar energy. The brothers have already identified market segments for their new business, according to Absolicon.

(EUR 1.0 = USD 1.09)

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