Wednesday, June 28 2017 13:12
Emmanuil Mkrtchyan

SolarOn will become a catalyst for the development of solar energy in Armenia

SolarOn will become a catalyst for the development of solar energy in  Armenia

ArmInfo. Tomorrow, June 29,  the official opening of the enterprise for the production of solar  panels, which is first in the country and is  named  SolarOn (meaning  "Sun") will take place in Armenia. Arsen Alaverdyan, founder of  SolarOn, kindly agreed to answer the questions of ArmInfo on the  occasion mentioned.

Mr. Alaverdyan, what is in essence manufacturing enterprise?

In short, this is an industrial and service company that produces  solar panels and provides installation services for solar stations.  If you open the brackets, then it should be noted that SolarOn - as  the first manufacturer of solar panels in the country, will become a  catalyst for the development of solar energy in Armenia. We have  taken on a rather complex mission, on the one hand, to raise the  awareness of potential users and to develop the demand for  alternative energy, and on the other - to pave the way for the  succeeding investors. In fact, we are missionaries and providers of  new technologies.  Until recently, solar energy was our sole  prerogative for importers, who imported solar panels into the  country, mainly from China. Now  your company appears "domestic  producer", an investor who decided to invest in production. If your  task is to introduce new technologies, in particular, the development  of solar energy, why did not you go on an easy and less risky road,  that is, by importing equipment?  When we talk about the development  of a new industry, about the emergence of demand for a new product,  and requiring long-term investments from the consumer, we can not do  without guarantees. Let's remember that a solar station is not cheap.  It pays off  indemnity also not for a day, but for quite a long 5-7  years. At the same time, there is another long term - this is 30  years of the operational period, which in turn implies a long  warranty and post-warranty service. So, in order to provide all this  for the client, it is necessary, at least, for the entire period to  exist.

In my opinion, only a manufacturer investing in production can speak  on equal terms, from a position of risk, with buyers investing in the  purchase of stations. Moreover, the very fact of investment in  production, which in our case amounted to almost $ 2 million, already  guarantees customers the seriousness, reliability and long-term  solutions offered by us. And I see that this approach is more than  justified. We are trusted, everyone comes to us and we are preferred  by everyone who also plans to work in Armenia for a long time.  In  addition to the factors that have been voiced, there are still a  number of serious advantages that only production gives. I will sound  the most important - it is a guarantee of quality, as in production  equipment is used that allows four-level testing of solar panels.

What does the production chain look like in the company? Whether you  are installing solar panels or are only limited with production? What  begins and where does the work with the customer end, at what stage  is the point put?

The first ones who communicate with potential customers are our  technical consultants. All clarifying questions are explained by  them. Then the request is sent to the design department, where  several options are developed, taking into account the main  parameters - the amount of energy consumed, the area available for  installation, even design requirements are taken into account. All  this is provided free of charge and, after approval of the final  option  with the customer, the final cost is calculated, the contract  is concluded and the request is transferred to production. After the  production of the necessary panels and all the components, the order  is taken up by the installers. And the already installed solar  station is transferred to the service department, which monitors the  status and operation of the station.  Currently we are  testing the  SolarOn mobile application for plant owners, which will enable it to  obtain statistics on the generation and consumption of solar energy.  There will be many options in the application, but we will disclose  the details when everything works. In the meantime, summarizing the  answer, with your own words I will answer that we do not put an end  to work with clients at all. We cooperate at all stages of the  operational life of the solar station. And over time, we plan to  expand the services of guarantee and post-warranty service.

What is your strategy in respect to  corporate and private clients?

If we are talking about priorities, I will immediately say that there  are no divisions. We are equally important to work with business, and  with the private sector. We equally pay attention to large orders and  small ones. 

Do you plan to work with banks to provide leasing and loan proposals  to buyers?

Yes, we are working with banks to develop a number of proposals  either  for businessmen and individuals.  Moreover, several  international funds interested in the development of alternative  energy provided preferential credit lines to banks, which in turn  lowered the lending rates for the creation of solar stations.  That  is, everyone who wants to buy a station today can use a leasing offer  with low Rates and maturity of up to seven years.

Mr. Alaverdyan, earlier you announced that you are not going to stay  in the Armenian market and are planning to arrange export. From which  countries are you going to start an export epic and how do you assess  the potential of the Armenian brand on the foreign market?

Literally in a couple of months, we will complete the process of  obtaining a European certificate and will be able to enter the market  of neighboring countries, in particular to Georgia, and in more  distant terms - to export to Europe and the Middle East. The  potential of the Armenian solar panels, I will say without false  modesty, is huge. Already now we receive requests for the supply of  panels from a number of European, African and Middle Eastern  countries.

What plans does the company have in the long term? How do you see the  development of the company and the industry as a whole? What players  and services should appear in order for the industry to function  fully and develop?

I see the development of the company in the opening of the research  center, where our specialists together with foreign colleagues will  work on new solutions, to develop solar panels of the next  generation. We have big plans and expectations for the development of  the industry as a whole. I am sure that companies that are involved  in the production cycle will soon appear, for example manufacturers  of aluminum frames, inverters and other components, and companies  interested in the post-production cycle - for example, installers. In  addition, together with the leading technical institutes of higher  education, we have started the development of a new course for the  training of engineers and specialists in the field of solar energy. I  hope for the consistent participation of the state in the process of  introducing and developing new technologies, as one of the priority  directions for the development of the domestic economy.

POST A COMMENT
Input digits     


News
Deputy PM promises to consider  MP`s proposal to reduce sugar  consumption in ArmeniaDeputy PM promises to consider  MP`s proposal to reduce sugar  consumption in Armenia
20 million drams for Artsakh students, 10 million drams for a kindergarten for Artsakh children: IDBank20 million drams for Artsakh students, 10 million drams for a kindergarten for Artsakh children: IDBank
David Ananyan on Crossroads of Peace project David Ananyan on Crossroads of Peace project 
Inspection Authority: Another 11 organizations  get licenses to  export flowers to RussiaInspection Authority: Another 11 organizations  get licenses to  export flowers to Russia
Yerevan to host Discover Armenia festival Yerevan to host Discover Armenia festival 
Landslide blocks traffic on section of Mtskheta-Stepantsminda-Lars  roadLandslide blocks traffic on section of Mtskheta-Stepantsminda-Lars  road
New goods traceability rules to take effect in Armenia New goods traceability rules to take effect in Armenia 
The Power of One Dram Turns FiveThe Power of One Dram Turns Five
Martin Galstyan: Foreign partners reaction to  peace agreement  between Armenia, Azerbaijan in Washington is positiveMartin Galstyan: Foreign partners reaction to  peace agreement  between Armenia, Azerbaijan in Washington is positive
AraratBank and “4090 Charity” Foundation: 2309 Meters Above the EarthAraratBank and “4090 Charity” Foundation: 2309 Meters Above the Earth
Martin Galstyan:  Armenia`s economic growth is projected to be  4.9-5.3%  in 2025Martin Galstyan:  Armenia`s economic growth is projected to be  4.9-5.3%  in 2025
 ENA CJSC issues statement regarding queues for connection to   distribution network ENA CJSC issues statement regarding queues for connection to   distribution network
Pashinyan discusses  fiscal and expenditure framework of  Medium-Term  Expenditure Program (MTEP) for 2026-2028Pashinyan discusses  fiscal and expenditure framework of  Medium-Term  Expenditure Program (MTEP) for 2026-2028
idcoins and profitable mortgage loans. IDBank at TOON EXPO YEREVAN 2025idcoins and profitable mortgage loans. IDBank at TOON EXPO YEREVAN 2025
 SRC head  thanks Iranian ambassador for effective cooperation in  tax  and customs spheres SRC head  thanks Iranian ambassador for effective cooperation in  tax  and customs spheres
Yerevan Municipality offers tax benefits for incomplete projects to  developersYerevan Municipality offers tax benefits for incomplete projects to  developers
 RA MFA responds to report on `Pakistan-Armenia deal`  RA MFA responds to report on `Pakistan-Armenia deal` 
Pakistan to recognize Armenia as UN member state, Armenia to give  green light to Pakistan`s accession to EAEUPakistan to recognize Armenia as UN member state, Armenia to give  green light to Pakistan`s accession to EAEU
Record number of tourists in Armenia in May-Aug 2025Record number of tourists in Armenia in May-Aug 2025
Regulator fines companies for unreasonably high prices for servicing  cash registers Regulator fines companies for unreasonably high prices for servicing  cash registers 
Ardshinbank Participated in Toon Expo 2025 Real Estate ExhibitionArdshinbank Participated in Toon Expo 2025 Real Estate Exhibition
Armenia`s debt to World Bank increasing Armenia`s debt to World Bank increasing 
Russian-Armenian businessman Samvel Karapetyan promises large foreign  investments for Armenia Russian-Armenian businessman Samvel Karapetyan promises large foreign  investments for Armenia 
Armenia`s electric energy output shows 6.5% y/y declineArmenia`s electric energy output shows 6.5% y/y decline
Armenian metallurgy industry`s output down Armenian metallurgy industry`s output down 
Further decline in Armenia;s industry Further decline in Armenia;s industry 
Armenia paid $5bln for mere talks about Armenia drawing closer to EUArmenia paid $5bln for mere talks about Armenia drawing closer to EU
Trump Road to facilitate Armenia-Russian communication as well - RF  vice-premier  Trump Road to facilitate Armenia-Russian communication as well - RF  vice-premier  
Share of Armenia`s TOP-5 trade partners 65% of trade turnover Share of Armenia`s TOP-5 trade partners 65% of trade turnover 
Unblocking South Caucasus puzzle consisting of numerous pieces -  Alexey Overchuk Unblocking South Caucasus puzzle consisting of numerous pieces -  Alexey Overchuk 
Armenia, Japan discuss economic cooperation prospects Armenia, Japan discuss economic cooperation prospects 
Italian Ambassador appreciates Armenia`s efforts to create a  favorable environment for foreign investment Italian Ambassador appreciates Armenia`s efforts to create a  favorable environment for foreign investment 
Instant idcoins ahead of the Armenia-Portugal football match: Idram&IDBankInstant idcoins ahead of the Armenia-Portugal football match: Idram&IDBank
Question for Central Bank: what is the cause of crisis in Armenian  payment market?Question for Central Bank: what is the cause of crisis in Armenian  payment market?
Armenia`s foreign trade turnover 42% down Armenia`s foreign trade turnover 42% down 
imID-provided Mobile ID system to be available to Team subscribersimID-provided Mobile ID system to be available to Team subscribers
Economic activity 7.1% up in Armenia in Jan-July 2025Economic activity 7.1% up in Armenia in Jan-July 2025
While speaking of peace, Armenian premier unable to esnure passage of  Armenian trucks through Georgian checkpoints - RPAWhile speaking of peace, Armenian premier unable to esnure passage of  Armenian trucks through Georgian checkpoints - RPA
Armenia`s State Revenue Committee reveals sale counterfeit vodkaArmenia`s State Revenue Committee reveals sale counterfeit vodka
Armenian premier visits Expo 2025 OsakaArmenian premier visits Expo 2025 Osaka
Russian diplomats get acquainted with Russia-sponsored UNDP projects  in Armenian Syunik Russian diplomats get acquainted with Russia-sponsored UNDP projects  in Armenian Syunik 
Armenia  to implement unified state information platform for  employmentArmenia  to implement unified state information platform for  employment
Saving time and money: Buying and selling cars in Armenia has gone  digitalSaving time and money: Buying and selling cars in Armenia has gone  digital
Converse Bank to improve MSME competitiveness within   EU4Business-EBRD programConverse Bank to improve MSME competitiveness within   EU4Business-EBRD program
Russia expecting twofold reduction in trade with Armenia by year`s  end Russia expecting twofold reduction in trade with Armenia by year`s  end 
1% idcoin within the framework of TOON EXPO: Idram&IDBank1% idcoin within the framework of TOON EXPO: Idram&IDBank
Yerevan-Kapan-Yerevan flights temporary suspended Yerevan-Kapan-Yerevan flights temporary suspended 
EBRD to provide EUR 46mln for establishment of Yerevan Customs and  Logistic Center EBRD to provide EUR 46mln for establishment of Yerevan Customs and  Logistic Center 
Armenian NPP to get AMD 1.035mln loan carried over from 2024 Armenian NPP to get AMD 1.035mln loan carried over from 2024 
Rise in food, services prices causes 3.6% y/y inflation in Armenia Rise in food, services prices causes 3.6% y/y inflation in Armenia 
AraratBank Joins ArcaPay with 0% Money Transfer CommissionAraratBank Joins ArcaPay with 0% Money Transfer Commission
Real estate to be checked for debts Real estate to be checked for debts 
Ardshinbank Launches Ardshinbank Launches "How to Become a Millionaire" Raffle
DigiTec 2025: over 40,000 guests, 100 global technology leaders, 250  companies expected to participate DigiTec 2025: over 40,000 guests, 100 global technology leaders, 250  companies expected to participate 
GPS modules connected to servers of Subsoil Inspectorate to be  installed on quarry equipment and dump trucks in ArmeniaGPS modules connected to servers of Subsoil Inspectorate to be  installed on quarry equipment and dump trucks in Armenia
Asian Infrastructure Investment Bank  ready to support  development  of  economic, scientific and educational spheres in ArmeniaAsian Infrastructure Investment Bank  ready to support  development  of  economic, scientific and educational spheres in Armenia
Deputy Finance Minister: Armenian government  to broad the scope of  countries with which it has double taxation avoidance agreementsDeputy Finance Minister: Armenian government to broad the scope of countries with which it has double taxation avoidance agreements
Realtors in Armenia to hold qualification certificates, and all real  estate sale and rental ads to be verified on online platformRealtors in Armenia to hold qualification certificates, and all real  estate sale and rental ads to be verified on online platform
High-Tech Ministry presents progress on  AI based  data processing  center developmentHigh-Tech Ministry presents progress on  AI based  data processing  center development
Armenian authorities to permit installation of charging stations for  electric vehicles in parking lots and at retail outletsArmenian authorities to permit installation of charging stations for  electric vehicles in parking lots and at retail outlets
Read more
Exchange rates
10.09.2025
RUB4.51-0.09
USD382.49-0.46
EUR447.51-2.53
GBP517.74-2.08
CAD276.01-1.31
JPY25.93-0.21
CNY53.71-0.07
CHF479.37-3.18