Soldatovic Holding made a strategic leap in 2017 by acquiring 85 % of a solar cell and panel manufacturing company located in Zhejiang Province. The remaining equity is held by the operational director and employees, ensuring aligned incentives and shared commitment to success. Today, this partnership operates as a joint venture, producing high-performance N‑type and P‑type solar panels with a robust capacity of 5 GW per year. We’re targeting an ambitious expansion to 10 GW by 2030, responding to surging demand across Europe and Switzerland, with logistics anchored by warehouses in Rotterdam. Why N‑type & P‑type matter N‑type cells — doped with phosphorus — provide superior efficiency, temperature resilience, and long-term stability compared to the more common P‑type alternatives. For example:

• • Higher Efficiency: N‑type panels can achieve ~25.7% vs. ~23.6% for P‑type

• • Less Degradation: N‑type resists light-induced degradation (LID) and potential-induced degradation (PID) better, delivering longer lifetime performance

• • Improved Thermal Stability: N‑type panels maintain output more reliably at high temperatures, with a temperature coefficient around –0.30 %/°C compared to –0.50 %/°C for P‑type

In practical terms, this means our panels deliver up to 3.34 % more power under real-world conditions, translating into faster payback and higher ROI — critical in utility-scale and commercial deployments.

Use Case: Supplying Green Energy Infrastructure to Europe and Switzerland

Challenge

European solar markets are undergoing rapid electrification: solar PV generation in EU reached 137 TWh in H1 2024, half of renewable generation, and the EU aims for nearly 600 GW of installed capacity by 2030. However, local manufacturing remains limited, creating both supply constraints and dependency on external markets.

Solution

Our Zhejiang JV supplies high-efficiency N‑type panels to EU and Swiss clients — delivered via Rotterdam — directly addressing manufacturing shortfalls while meeting stringent performance expectations.

Impact

• Scalable Production: at 5 GW currently, doubling to 10 GW by 2030 supports the EU’s solar ambitions.

• Superior Performance: N‑type panels offer better efficiency and durability.

• Competitive Logistics: Warehouse in Rotterdam ensures seamless delivery and customer support across Europe and Switzerland.

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Looking Ahead

With EU’s goal of establishing 30 GW of domestic solar manufacturing value chain by 2030 SolarPower, our Zhejiang JV positions Soldatović Holding as a key solar supply partner in European markets.