Project Description
Location:
The customer wanted to build a 20 MW basic production in the Caucasus area.
Sales:
The idea was to produce mostly (60%) OEM panels under the name of a business partner.
Product:
The main sales area of the business partner is in USA, the main product is a mono perc standard panel with 60 cell design and 315 watt.
Building:
Because the 20 Mw are only the start and there will be an extension in the future – the customer decided for a rented building with the following dimensions:
– 700 sqm factory hall
– 80 sqm office
– 200 sqm stock
Only the preparations for power supply and other facility requirements have to be done – no other investments in land or building.
Capacity:
The production line should produce in 2 shifts in the first 2 years and after switching to a 3 shift model.
Production is 23 hours a day and 340 days / year.
Investment & Capital Requirement
Construction CAPEX and Production Start
The company was founded with §300,000 equity and additional §300,000 share capital. Equity / debts: 62% / 38%
Sales Markets World Wide
Distribution of Sales
The Product
Operating Profit Per Watt
Breakdown costs and profit per Watt in Second Year (2020)
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The first year with installation and ramp up had a loss of $91,000. A little bit more than 1 year with 2 shift production was enough to get the return on invest. Profit for 2021 is 1,5 million Dollar.
Shift one consists of 8 people, full production for 20 MW is 23 people. In 2019 the factory started with 21 people, plan is to extend to 30 people until 2022.
Cash Flow by Year
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Planed cash flow until 2023.