Sanyo Component Europe has become the first manufacturer to sign a binding participation agreement with PV CYCLE; the company which recycles end of life photovoltaic modules. This contract is a legally binding form which requires Sanyo to contribute a share to the financing of the scheme, thereby ensuring reliable funding of the collection and recycling operation.
“I am very proud that Sanyo is the first member of PV CYCLE to sign this legally binding Participation Contract,” said Wilfried Taetow, advisor of Sanyo Component Europe. “This confirms our corporate commitment towards environmental safety and sustainable production. I would like to encourage all members to join and sign the Participation Contract in order to make PV CYCLE a story of success.”
By signing the Participation Contract of PV CYCLE, Sanyo fulfils the requirements set out by Kreditanstalt für Wiederaufbau (KfW) regarding the guaranteed collection and recycling of its PV modules. Such a guarantee will become a formal requirement for all modules funded through KfW from 1st of October 2010.
In 2010 alone, 6000 MWp of photovoltaic modules will be sold in Europe and with an average weight of 100t/MWp, which represents a future waste of 600,000 tons. The current cost for collection and recycling of PV modules in 2010 is €240/ton.