AKSUM UNIVERSITY

College of Engineering and Technology

Department of Electrical & computer Engineering
Computer Stream
Entrepreneurship Project
Project Business Plan for Solar panel production plant

BY;

1. Eden Bekele
2. Brhanu Degene
3. Mehari Woretaw
4. Haile Tewelde
5. Minargo Alelegn
6. Soloma Adane

Submitted to; Mr. HARRY

Submission date; 2018

 AKNOWLEDGEMENT
First of all we would like to thank Mr. Harry, our supervisor for his guidance and advice
that contributed his idea and feedback who encourage us to “Think Big, Start Small and Build
Deep” in all aspect regarding marketing process, and all the lecturers of the Entrepreneur course.
And also answer our question when we had a doubt about certain topics.

We would like to extend our appreciation to our team members and co-founders of EDU
who always share their experience and knowledge in software engineering and AI.

Last but not least our appreciation and thanks to our families who are always encouraging
us. To our father, mother and other siblings for their support and guidance, thanks a lot.
Introduction
Photovoltaic solar panels absorb sunlight as a source of energy to generate electricity.

A photovoltaic (PV) module is a packaged; connect assembly of typically 6x10 photovoltaic

solar cells. Photovoltaic modules constitute the photovoltaic array of a photovoltaic system that
generates and supplies solar electricity in commercial and residential applications.

Each module is rated by its DC output power under standard test conditions (STC), and typically
ranges from 100 to 365 Watts (W). The efficiency of a module determines the area of a module
given the same rated output – an 8% efficient 230 W module will have twice the area of a 16%
efficient 230 W module. There are a few commercially available solar modules that exceed
efficiency of 24% [1][2]

A single solar module can produce only a limited amount of power; most installations contain
multiple modules. A photovoltaic system typically includes an array of photovoltaic modules, an
inverter, a battery pack for storage, interconnection wiring and optionally a solar tracking
mechanism.

Solar panel is rapidly gaining huge market acceptance all over the globe because of how
effective and useful it has become to people. Solar panel is simply a device that helps convert
sunlight into electrical energy and store it for use. There are lots of areas where you can use solar
energy and that is the reason why a lot of inventions being powered by solar energy keep
propping up. You can use solar energy to power automobiles, street lights, your house (all of
your electronics and electrical appliances inclusive), you can use solar energy to virtually power
any device that requires electrical energy to function. No doubt, solar energy has become one of
the most reliable sources of power supply especially in the operation of lifts in commercial
buildings. The market for solar panels is increasing and it is still open for new investors to come
in. So, if you are thinking of starting a business that is into the production of technological
components, then you should consider starting your own solar panel manufacturing company.

Starting this kind of business can be capital intensive and requires that you hire experts, but the
fact still remains that it is indeed highly profitable. If you are truly convinced that starting a solar
panel manufacturing Plant Company is the right business for you, then you need to write your
own business plan.

PLAN OF BUILDINGS

Figure 1 100,000-square-foot upgraded conventional facility

Figure 2 Scalable building option

Figure 3 Blue Prints 100,000-square-foot upgraded conventional facility

Figure 4 plant location

Table 1 Building Cost

Executive Summary

EDU is an Ethiopia based solar panel manufacturing company. We have been able to secure a
standard and well – positioned government approved plant – facility in Corpus Christi – Texas.
We are a solar panel manufacturing company that is also into after sales services such as solar
panel installation, maintenance and repair that is set to compete in the highly competitive the
solar panel manufacturing industry.

Our workers are going to be selected from a pool of certified and highly experienced solar panel
engineers and technicians in and around Ethiopia and also from any part of the World as the
business grows. We will make sure that we take all the members of our workforce through the
required training that will position them to meet the expectation of the company and to compete
with leading solar panel manufacturing plants and solar panel installation, maintenance and
repair companies in Africa. EDU, our client’s best interest will always come first, and everything
we do will be guided by our values and professional ethics. We will ensure that we hold
ourselves accountable to the highest standards by meeting our client’s needs precisely and
completely.

EDU is founded by Engr. Nelson Givens, a solar energy engineer par excellence who graduated
from Illinois Institute of Technology (B.Engr.), and his friend and business partner for many
years Lincoln Faraday. They have a combine experience that can help them build Generation
Next® Solar Technologies, EDU to favorably compete with other leading solar panel
manufacturing plants in the United States of America and all around the globe.

BUSINESS DESCRIPTION
EDU Solar panel production plant PLC provides both the government and the private
sector with the best possible products available and utilizes the most qualified personnel to
install, manage and manufacture. EDU also holds numerous Mechanical skills to make sure new
technology and training are never overlooked. This dynamic combination of stellar product,
personnel, and management will make EDU a valuable and trusted company that quickly rises
through the ranks.

EDU will engage in the manufacturing of solar panels, solar cells, silicon modules and cells,
thin-film modules and cells and other related solar panel installation, maintenance and repair
services. Our business goal is to become one of the leading solar panel manufacturing companies
in the Africa and we will make sure that we will do all we can to compete favorably with leaders
in the industry.

THE NATURE OF THE BUSINESS

EDU is a newly setup small company and aims to develop and expand within the next 5
years. Initially, EDU plan to concentrate in DUKEM and expand to the whole Ethiopia including
GONDER and DESSIE in the next 2 years. EDU plans in commissioning agents to handle the
goods delivery and installation. EDU is also expanding in human resources to have more
experienced employees. EDU will have business strategies to ensure the business continue to
sustain and also able to provide valuable products to customer.
Products and services
EDU was established with the aim of maximizing profits in the Solar Panel Manufacturing
industry. We want to compete favorably with the leading solar panel manufacturing plants and of
course solar panel installation, maintenance and repair companies in Africa which is why we
have but in place a competent quality assurance team that will ensure that every solar panels that
leaves of plant meet and even surpass our customers’ expectations and conform to international
best practices.

We will work hard to ensure that Generation Next® Solar Technologies, EDU is not just
accepted in Ethiopia but also in other countries in Africa and other countries of the world. Our
products and services are listed below;

 Manufacture solar panels

 Manufacture solar cells
 Silicon modules and cells
 Thin-film modules and cells
 Other related solar panel installation, maintenance and repair services

Our Vision Statement

Our vision is to establish a world class solar panel manufacturing company whose products and
brand will not only be accepted in Ethiopia, but also in other countries in Africa and other
countries of the world.

Our Mission Statement

Our mission is to manufacture standard solar panels that can be used by corporate organizations
and households all around Africa and other countries of the world.
Market and consumers