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
AraratBank completes placement of bonds ahead of scheduleAraratBank completes placement of bonds ahead of schedule
Armenia`s NA discusses turnover tax rate rise Armenia`s NA discusses turnover tax rate rise 
Tree Planting Results with My Forest Armenia: The Power of One DramTree Planting Results with My Forest Armenia: The Power of One Dram
World Bank expresses readiness to help Yerevan develop solid waste  management policyWorld Bank expresses readiness to help Yerevan develop solid waste  management policy
Your home is in Armenia – Ameriabank offers mortgage loans for the DiasporaYour home is in Armenia – Ameriabank offers mortgage loans for the Diaspora
Armenia`s electric energy exports down last year; possible evidence  of decline in real economy - expert Armenia`s electric energy exports down last year; possible evidence  of decline in real economy - expert 
Ameriabank`s Trade Finance portfolio enriched with four prestigious awards from EBRD and IFCAmeriabank`s Trade Finance portfolio enriched with four prestigious awards from EBRD and IFC
On Oct 4- 7, Yerevan to host WCIT for second time On Oct 4- 7, Yerevan to host WCIT for second time 
Mirzoyan began his speech at International Conference on Nuclear  Security by expressing condolences to IranMirzoyan began his speech at International Conference on Nuclear  Security by expressing condolences to Iran
R&D is most important element of EAEU countries integration and  R&D is most important element of EAEU countries integration and  "entrance ticket" to competitive world - Russian economist
Armenia, EFSD sign agreement for USD 100 million financial credit Armenia, EFSD sign agreement for USD 100 million financial credit 
Armenia-UAE economic and technical cooperation commission to meet in  Abu Dhabi Armenia-UAE economic and technical cooperation commission to meet in  Abu Dhabi 
Team Solutions presents its ZangeZOR product at 4Future Banking int`l  forumTeam Solutions presents its ZangeZOR product at 4Future Banking int`l  forum
Armenia`s government plans to implement housing programme for  forcibly displaced people in next 10-12 yearsArmenia`s government plans to implement housing programme for  forcibly displaced people in next 10-12 years
Communications Museum re-opened in YerevanCommunications Museum re-opened in Yerevan
Double increase in turnover tax rate will stimulate transition to  common taxation system: Deputy MinisterDouble increase in turnover tax rate will stimulate transition to  common taxation system: Deputy Minister
Rocket Line - now for 60 months: Idram and IDBankRocket Line - now for 60 months: Idram and IDBank
Rising prices for services, going into shadows and closing businesses  - incomplete list of Rising prices for services, going into shadows and closing businesses  - incomplete list of "expectations" from revision of turnover tax  rate from SME Cooperation Association President
Liability for misrepresented information is proposed in ArmeniaLiability for misrepresented information is proposed in Armenia
Government proposes to make changes to car trade system within  Government proposes to make changes to car trade system within  "Trade-in" program
Armswissbank attracts us$ 10 million loan package from EBRD to support competitiveness and green transitionArmswissbank attracts us$ 10 million loan package from EBRD to support competitiveness and green transition
Armenian lawyers unwilling to pay taxes on universal basisArmenian lawyers unwilling to pay taxes on universal basis
EU Commissioner: EU will continue to contribute to economic  development of ArmeniaEU Commissioner: EU will continue to contribute to economic  development of Armenia
PM discusses opportunities for diversifying Armenian economy with WB,  IFC management PM discusses opportunities for diversifying Armenian economy with WB,  IFC management 
EBRD President considers programs implemented by Bank useful for  development of private sector in ArmeniaEBRD President considers programs implemented by Bank useful for  development of private sector in Armenia
EBRD lends up to US$ 10 million to Armeconombank for MSME on-lendingEBRD lends up to US$ 10 million to Armeconombank for MSME on-lending
Armenia benefits greatly from influx of capital and IT specialists -  EBRD chief economistArmenia benefits greatly from influx of capital and IT specialists -  EBRD chief economist
Finance Ministry, French Development Agency sign cooperation  agreement for 2024-2027Finance Ministry, French Development Agency sign cooperation  agreement for 2024-2027
Idram Junior and Koreez signed a memorandum of cooperationIdram Junior and Koreez signed a memorandum of cooperation
During the 33rd EBRD Business Forum, Ardshinbank hosted a panel discussion on economic and trade sanctions.During the 33rd EBRD Business Forum, Ardshinbank hosted a panel discussion on economic and trade sanctions.
Government to allocate additional AMD 3 billion to finance state  order for healthcareGovernment to allocate additional AMD 3 billion to finance state  order for healthcare
EBRD provides $10 million loan to ArmSwissBan to support  competitiveness and green transition of MSMEsEBRD provides $10 million loan to ArmSwissBan to support  competitiveness and green transition of MSMEs
Pankin: Armenia`s suspension of CSTO funding isn`t tragedyPankin: Armenia`s suspension of CSTO funding isn`t tragedy
Armenian government approves program for providing housing to  families from Artsakh; expenses estimated at  AMD 10-12 billion Armenian government approves program for providing housing to  families from Artsakh; expenses estimated at  AMD 10-12 billion 
EBRD Governors re-elect President Odile Renaud-Basso for second termEBRD Governors re-elect President Odile Renaud-Basso for second term
EBRD, USAID to develop transport infrastructure of Armenia,  Azerbaijan, Georgia EBRD, USAID to develop transport infrastructure of Armenia,  Azerbaijan, Georgia 
No specific dates for the entry into force of the law on compulsory  life insurance for tourists visiting Georgia - RA MFANo specific dates for the entry into force of the law on compulsory  life insurance for tourists visiting Georgia - RA MFA
Pashinyan: all those who have the necessary skills, abilities and  desire can make a profit in ArmeniaPashinyan: all those who have the necessary skills, abilities and  desire can make a profit in Armenia
Odile Renaud-Basso: Armenian economy continues to grow despite  numerous negative factorsOdile Renaud-Basso: Armenian economy continues to grow despite  numerous negative factors
Minister of Territorial Administration and Infrastructures refrains  from specifying North-South Road Corridor Investment Program`s  implementation costs and deadlines Minister of Territorial Administration and Infrastructures refrains  from specifying North-South Road Corridor Investment Program`s  implementation costs and deadlines 
EBRD improves Armenia`s GDP growth forecast for 2024 from previous  4.5% to updated 6.2%EBRD improves Armenia`s GDP growth forecast for 2024 from previous  4.5% to updated 6.2%
EBRD promises unprecedented investments in Armenian economyEBRD promises unprecedented investments in Armenian economy
FMO provided Ardshinbank with a guarantee for a credit portfolio of 20 million US dollarsFMO provided Ardshinbank with a guarantee for a credit portfolio of 20 million US dollars
Lending for construction of southern section of Sisian-Kajaran road  will be largest program ever implemented by EBRD in Armenia - Bank  President Lending for construction of southern section of Sisian-Kajaran road  will be largest program ever implemented by EBRD in Armenia - Bank  President 
French Development Agency, Armenian government to expand cooperation  areas and programs` scope French Development Agency, Armenian government to expand cooperation  areas and programs` scope 
The Power of One Dram Sums up the Two-Year Program with Teach for ArmeniaThe Power of One Dram Sums up the Two-Year Program with Teach for Armenia
Noubar Afeyan willing to use his potential to strengthen Armenia Noubar Afeyan willing to use his potential to strengthen Armenia 
Ministry of Economy of Armenia denies that growth in agricultural  exports is due to re-exportsMinistry of Economy of Armenia denies that growth in agricultural  exports is due to re-exports
Finance Minister: Armenia`s GDP generation growth potential increased  from 4-4.5% to 5.5-6%Finance Minister: Armenia`s GDP generation growth potential increased  from 4-4.5% to 5.5-6%
EBRD funds customs and logistics centre in SyunikEBRD funds customs and logistics centre in Syunik
Grigori Zakaryan: “Capital markets have a crucial for economic development.”Grigori Zakaryan: “Capital markets have a crucial for economic development.”
Ambassador of Kazakhstan: priorities for development of Eurasian integration proposed by Armenia will allow us to intensify mutually  beneficial cooperation within EAEUAmbassador of Kazakhstan: priorities for development of Eurasian integration proposed by Armenia will allow us to intensify mutually  beneficial cooperation within EAEU
EBRD and the European Union are joining forces with Acba bank to boost the availability of funding for Armenian MSMEsEBRD and the European Union are joining forces with Acba bank to boost the availability of funding for Armenian MSMEs
Thanos Arvanitis: The time has come for Armenia to accelerate reformsThanos Arvanitis: The time has come for Armenia to accelerate reforms
Armenia to host 33rd EBRD Business Forum with flagship sponsorship of ArdshinbankArmenia to host 33rd EBRD Business Forum with flagship sponsorship of Ardshinbank
EAEU economic operators will become more recognizable when carrying  out foreign economic activitiesEAEU economic operators will become more recognizable when carrying  out foreign economic activities
Martin Galstyan: If background is favorable, reduction in key rate  will result in lending rates decreaseMartin Galstyan: If background is favorable, reduction in key rate  will result in lending rates decrease
About 75% of Armenia`s exports are precious metals and stones, which  speaks of vulnerability of Armenia`s economyAbout 75% of Armenia`s exports are precious metals and stones, which  speaks of vulnerability of Armenia`s economy
92% tax revenues recorded in Armenia in 1st quarter of 2024 92% tax revenues recorded in Armenia in 1st quarter of 2024 
IDBank issues the 2nd tranche of dollar bonds of 2024IDBank issues the 2nd tranche of dollar bonds of 2024
Read more


Exchange rates
22.05.2024
RUB4.310.02
USD388.370.13
EUR420.88-1.02
GBP494.240.55
CAD284.46-0.38
JPY24.83-0.02
CNY53.64-0.01
CHF424.91-2.01