REEMPLOYMENT / Bankruptcy processes
Recapturing value from the dismantling of 3 photovoltaic factories in Orense (T-solar), Málaga (Isofoton) and Cádiz (Gadir Solar).
Valorization, dismantling and sale of the production line and facilities of the factories owned by:
- T-solar, located in Parque Tecnológico de San Ciprián Das Viñas (Ourense). Executed completely by 2015.
- Isofoton, located in Parque Empresarial Andalucía de Campanillas (Málaga). Executed on two periods: February-September 2014 and January-August 2016
- Gadir Solar, located in El Trocadero industrial area, based on Puerto Real (Cádiz). Executed between October 2018 and April 2019.
The three solar panel manufacturing companies went bankrupt. The three plants altogether produced up to 200 MW every year.
A sustainable challenge.
The challenge for SURUS was to plan an integral project that combined all activities into the same coordination company. At the same time, we had to implement a process for the dismantling of a complete production line. The goal was to obtain high returns from the sale of the equipment and to minimize waste production. Furthermore, we aimed for zero accidents during the execution of the dismantling process.
A circular solution
As experts in Reemployment solutions, SURUS executed a 5 years long plan which coordinated the valorization, dismantling and sales team through different periods and locations (Orense, Málaga, Cádiz).
100% of the production line and auxiliary facilities were dismantled, commercialized and sold in 10 months. The average economic return was 50% higher than the minimum expectations from our client, and the time constraints consisted of emptying the facilities in less than 1 year.
SURUS teams developed a customized solution for each Bankruptcy Administration in charge, aiming for cash recovery and the sale of 100% of the assets located in the factory (except common areas such as lights, general services, fire prevention, plumbing and bathrooms).
This project was divided in four different phases in order to finish each project in 6 to 12 months.
PHASE 1 – Sale of common assets
Quick sale items that can provide cash to the bankrupt company. During this phase, we sold all furniture, computer equipment, solar panels, shelves and maintenance equipment.
PHASE 2 – Sale of production assets
Assets belonging to the production line. Mainly machinery or elements connected to the manufacturing process.
PHASE 3 – Sale of structural materials
We cooperated or outsourced the work to specialized companies in different areas. We also supervised the dismantling of electric components and left the facilities in good condition. During this process, we monitored the dismantling and sale of: Transformers, wires from the production line, distribution cells, switchboards, overhead cranes, climate control equipment and generator sets.
PHASE 4 – Sale and removal
All recovered waste is removed and sold, as well as any asset that was used during the execution of the project such as furniture, servers, generators and changing rooms.
The income was 50% higher than the minimum expected from the bankruptcy administrators.
100% re-employed equipment.
100% decrease in potential waste generated by selling the equipment as scrap metal
100% decrease in carbon emissions, since no waste had to be managed.
The empty facilities were delivered to the client in less than one year in order to be reused for different activities.