ROSI PV PANEL RECYCLING (IEU GT) (EIB-20220882)

Countries
  • France
  • Germany
  • Spain
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
ROSI SAS
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 23,397.06 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 22,000,000
Converted using 2023-09-14 exchange rate.
Project Cost (USD)
$ 46,794.12 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 44,000,000
Converted using 2023-09-14 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Mar 4, 2024

Disclosed by Bank Sep 14, 2023


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

DESCRIPTION

The project consists of the (i) activities in research, development and innovation (RDI) to further develop the technology for the recycling of high purity silicon, silver and copper from production and product waste from the photovoltaic (PV) industry, and (ii) construction (in two steps) of two commercial PV module recycling facilities. The project is located in France, Spain and Germany.

OBJECTIVE

The project objective is to demonstrate at a larger scale a new and innovative process for the recycling and revalorisation of high purity raw materials such as high purity silicon, silver, and copper from production and product waste of PV industry. Currently available technologies to recycle used PV panels do not let the recovery of high purity materials (e.g., silicon metal) to ensure full circularity as those technologies are largely based on mechanical processes, which do not allow to separate individual high value materials.

Furthermore, silicon metal is considered a critical raw material (CRM) by the European Union. It is a key material used among others in PV industry and hence supports the decarbonisation of energy. The silicon metal production and PV panels manufacturing is highly dominated by China today (>80% of the market). Hence, the implementation of this process would support to a certain extend the implementation of a more complete supply chain for PV panels in Europe, leading to an increased resilience in terms of supply risk.

Furthermore, recycling technologies are considered key in terms of resource efficiency and play an important role as well in reaching decarbonisation and energy efficiency targets of the EU.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.

Contact Information
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ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm

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How it works