Building Latin America’s first
dedicated high-efficiency
solar glass manufacturing
facility to supply the
domestic solar industry
within Brazil and to meet
international demand.
KEY POINTS:
1,000 ton per day capabilities / 365,000 tonnes per year gross capacity.
To be built in Belmonte, Bahia, Brazil.
China competitive materials and logistical advantage from nearby Homerun silica.
Government imposed additional 25% tariffs on solar components imported from China.
Government created tax incentives for companies producing and buying domestic supply.
Competitive COGS advantage over China (currently 99% of Brazil Solar Glass).
COMPLETED:
Hiring of 2 specialized consultants for construction, permitting and feasibility study.
LOI signed for solar glass offtake up to 365,000 tons per year.
2 additional LOI’s signed for solar glass offtake for total of a minimum 120,000 tons per year at USD$750/t with Sengi Solar and Balfar Solar
Budgetary offer received from Horn Glass AG CAPEX of EURO 151.5 million for Latin America’s First Solar Glass Manufacturing Facility
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