Project
Owner: Torense Industry d.o.o
Land Plot Status
Designed Production Capacity
Project Budget
Indicative Timeline
OAT
Start of cell manufacturing
(January 2024)
FAT
Full manufacturing capacity
(April 2024)
Construction
Construction of plant facilities
(November 2023)
Start
(March 2023)
Construction phase
Testing phase
Oprational phase
Project Development
Owing to the effectiveness of solar panels, the most appealing mechanism for their sales and corporate development of Torense would be the construction of proprietary solar power plants on the territory of countries offering an attractive environment for solar energy.
The corporate development program provides for the establishment of wholly owned subsidiaries in different countries in order to construct solar power plants generating 2 GW/year. The main share of the production of solar panels will be distributed through an exclusive contract between Torense Industry d.o.o. and Torense.
Torense will pay special attention to the implementation of projects for solar power plants with energy storage systems. The pilot project is planned to be launched in 2023.
In order to ensure the implementation of this project in different countries, the terms of an export loan were previously agreed with the leading banks of Croatia:
- Term of a loan: up to 15 years
- Cost of a loan: 3%
- Amount of credit support: 85% of the project budget
- Equity requirements: 15% of budget for every project
- Insurance: 0.1–0.3% per year*