Rinovasol Group
Rinovasol Group is a Netherlands-based private company that refurbishes and recycles used solar modules for manufacturers, solar farm operators, insurers, and investment firms across 40 countries, using a proprietary polymer coating and a global regional partner network.
- Company typePrivate
- Founded2018
- HeadquartersThe Hague, Netherlands
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Rinovasol Group does
Rinovasol Group is a Netherlands-headquartered (The Hague) private company that refurbishes and recycles end-of-first-life and defective solar modules for the photovoltaic value chain. The group operates two legal entities — Rinovasol Global Services B.V. in the Netherlands and Rinovasol Global O and M GmbH in Germany — and is led by Managing Director Toralf Nitsch.
The company's core technology is a proprietary polymer coating licensed exclusively to Rinovasol on a global scale, derived from refinements of a material used in the military and aerospace sectors, which the company uses to repair damaged modules. The company complements this coating IP with mobile dismantling units that enable on-site recycling, a digital logistics system that records module provenance and energy production data across the partner network, and a modular reconditioning workflow that yields a claimed refurbishment rate of over 95% and a recycling rate of nearly 100% for end-of-life modules. To date, the group reports having refurbished over one million solar modules.
Rinovasol makes money through five primary streams: (1) the purchase and collection of used modules from operators via a quote-based inquiry system; (2) contract refurbishment and on-site repair services for manufacturers and solar farm operators; (3) recycling services for end-of-life modules; (4) Power Purchase Agreement (PPA) contracts for process energy supply; and (5) enhanced risk management and claims handling services for insurance, reinsurance, and investment companies. Go-to-market combines direct enterprise sales targeting solar panel manufacturers, solar farm operators, banks, insurers, and investment funds with an asset-light regional partner network (including Reclite SA in South Africa and other partners in Israel, Chile, and Brazil) that provides local refurbishment capacity across 40 countries and all 5 continents.
Rinovasol Group firmographics
Firmographics- Name
- Rinovasol Group
- Legal name
- Rinovasol Global Services B.V.
- Website
- https://rinovasol.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Rinovasol Group is a Netherlands-based private company that refurbishes and recycles used solar modules for manufacturers, solar farm operators, insurers, and investment firms across 40 countries, using a proprietary polymer coating and a global regional partner network.
- Ownership category
- akta.pro rank
Rinovasol Group industry classification
Industry- Product category
- Solar Panel Refurbishment and Recycling Services
- NAICS
- Materials Recovery Facilities (562920)
- akta.pro primary industry
- Solar End-of-Life, Recycling & Decommissioning (Panels, Inverters, Racking) (EUAMABAM)
- akta.pro secondary industries
- PV Module & Panel Recycling (Glass, Silicon, Metals Recovery) (EUAMALAA), PV & Energy Device Recycling (Solar Panels, Inverters, Power Electronics) (EUAIAIAL), Decommissioning, Recycling & End-of-Life Services (Module Recycling, Site Restoration) (EUACAGAM), Circularity & End-of-Life Technology R&D (PV Recycling Chemistry, Blade Reuse, Design-for-Recycling) (EUAMAOAK)
Keywords
Where Rinovasol Group is headquartered
LocationHeadquarters
- HQ city
- The Hague
- HQ country
- Netherlands
- HQ region
- Europe
Offices6 records
Markets served
Rinovasol Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Technology or R&D, Personnel, Supply Chain, Marketing or Sales
Revenue model
- Used Module Purchase and Collection: Rinovasol purchases used, damaged, or underperforming solar modules from operators, providing quotation and collection services. Customers can submit inquiry forms or use live chat to receive offers for their used modules.
- Module Refurbishment and Repair Services: Stationary or on-site contract refurbishment of solar panels, including repair of failed modules and those running at reduced power. Services include construction and dismantling of solar farms alongside refurbishment activities.
- Solar Module Recycling: For end-of-life modules that cannot be refurbished, Rinovasol strips materials including aluminum, plastic, glass, silicon, and precious metals and returns them to the recycling loop, achieving nearly 100% recycling rate.
- PPA Contracts: Power Purchase Agreement contracts offered for process energy supply on a permanent basis, including base-load capability. Various modes available for social or start-up projects at favourable rates.
- Enhanced Risk Management Services: Risk management and claims handling services for insurance and reinsurance companies covering photovoltaic portfolios. Includes fault analysis of solar parks and prediction of failure probabilities based on extensive damage pattern databases.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Quote-based pricing for used module purchase and collection |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Rinovasol Group product offering
Product offeringCore offering
Rinovasol Group refurbishes and recycles used photovoltaic modules for solar panel manufacturers, solar farm operators, insurance companies, and investment funds. Its core services combine proprietary polymer-coating refurbishment technology, on-site mobile dismantling units, and a digitized global partner logistics network to return over 95% of incoming modules to operational use and achieve nearly 100% material recovery for end-of-life modules.
Product overview
Rinovasol Group operates as a comprehensive solar panel lifecycle management company offering a unified suite of services centered around their Digital Circular Economy system. Their core portfolio comprises repair and refurbishment of solar panels (Global Repair/Refurbishing), panel re-use achieving nearly 100% component recovery, and solar panel recycling for end-of-life modules reaching over 95% recyclability. These services are complemented by used module purchase, PPA contracting, construction and dismantling of solar farms, enhanced risk management for the financial sector, and digitized global logistics. The Digital Circular Economy serves as the overarching system that ties all offerings together, enabling defect analysis, module refinement, and digital energy management across their global partner network spanning 40 countries.
Differentiator
Problem solved
Functional benefit
Products and services
- Digital Circular Economy Overarching service system for digitizing and refurbishing used solar modules, encompassing fault analysis of solar parks, refinement of solar modules, and a global partnership network for digital energy management. Designed for photovoltaic manufacturers, solar farm operators, and utilities seeking lifecycle-level coordination of refurbishment activities.
- Panel Re-Using Innovative re-use process for solar panels covering every step of the refurbishment workflow, targeting virtually 100% re-use of a solar panel's components. Targets photovoltaic manufacturers and operators that want to redirect modules away from disposal into secondary-use raw material streams.
- Global Repair / Refurbishing Worldwide partner-based refurbishment and repair service for solar modules that keeps modules at their original installation site for continued operation. Includes fully digitized workflows from inbound inspection through to new installation, recording all energy production data. Targets solar farm operators and PV manufacturers across categories and sizes.
- Solar Panel Recycling Recycling service for end-of-life solar modules that cannot be refurbished, breaking free individual components and sorting pure material fractions to recover nearly 100% of raw materials including glass, aluminum, and silicon-based solar cells. Designed for end-of-life module streams from manufacturers and operators.
- Used Module Purchase Purchase and collection service for used solar modules from operators, including quotation, logistics arrangement, and optional downstream recycling or refurbishment. Inquiry form captures manufacturer, type, quality, and failure descriptions to generate customized offers. Targets operators and asset owners with surplus or underperforming module stock.
- Enhanced Risk Management for PV Industry Risk management and claims-handling service for insurance, reinsurance, and investment companies with photovoltaic portfolio exposure. Uses damage-pattern databases for solar-panel BOM constellations to predict failure probabilities and quantify maximum losses before damage occurs, and supports selective module replacement.
- PPA Contracting Power Purchase Agreement contracting offered in various modes, including social or start-up project configurations, providing favorable process energy on a permanent and base-load capable basis. Targets customers seeking long-term energy supply arrangements linked to refurbished module generation.
- Construction and Dismantling of Solar Farms Lifecycle service for solar parks covering construction and dismantling to support complete photovoltaic asset management alongside refurbishment activities. Targets solar farm operators and developers needing end-to-end lifecycle support.
- Digitalized Global Logistics Coordinated IT solution for managing worldwide accumulation of solar modules from warranties, using the Local Active Pro concept to combine CO2 savings with local partner training. Enables short transport distances and minimal CO2 footprint during transport. Supports the company's global refurbishment and recycling operations.
Quantifiable outcome
- Over 95% of supplied solar modules can be refurbished and returned to the market
- +3 more outcomes
Companies that use Rinovasol Group
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles3 records
Rinovasol Group technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Rinovasol Group partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Reclite SAcoreReclite SA recovers and recycles all types of waste electrical and electronic equipment in South Africa. They collect defective and underperforming solar modules locally and process them using Rinovasol's innovative technology before returning to regional use. Reclite provides a digital tracking system enabling suppliers to monitor module status throughout the refurbishment/recycling process.
Scale indicators5 records
Recent moves8 records
Expansion highlights5 records
Rinovasol Group competitors and assessment
Company assessmentBroad incumbents
- Veolia Environmental Services: Global waste management and environmental services giant with growing WEEE and PV-related recycling capabilities. Adjacent incumbent with the resources and permits to compete for institutional solar take-back contracts.
- First Solar: Global thin-film PV manufacturer that operates the industry's most mature in-house PV recycling/precycling program. Competes with Rinovasol for end-of-life volumes while also creating its own closed-loop supply chain.
- REC Group: European-headquartered PV module manufacturer with a strong sustainability and circularity program including take-back commitments; relevant as a potential OEM partner or competitor for module end-of-life flows.
- Maxeon Solar Technologies: Premium PV module manufacturer (spin-out from SunPower) with active sustainability and end-of-life strategies; a representative competitor and potential partner in the refurbishment and recycling of high-end residential and commercial PV assets.
- SunPower Corporation: Major US residential and commercial PV company whose installed base represents a large pool of modules that will require end-of-life services; competes indirectly for the asset-owner customer relationship.
Direct peers
- ROSI Solar: French company specialized in high-purity recovery of materials from end-of-life photovoltaic modules. Most directly comparable competitor operating in the same solar panel recycling niche across European markets.
- SolarCycle: US-based solar panel recycling startup scaling high-throughput PV recycling capacity; offers similar end-of-life processing services and is targeting rapid geographic expansion in North America that parallels Rinovasol's European model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Rinovasol Group social profiles
Digital presenceRinovasol Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Rinovasol Group leadership team
Management profileNumber of profiles
Profiles1 record
Rinovasol Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Rinovasol Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Rinovasol Group
What does Rinovasol Group do?
Rinovasol Group refurbishes and recycles used photovoltaic modules for solar panel manufacturers, solar farm operators, insurance companies, and investment funds. Its core services combine proprietary polymer-coating refurbishment technology, on-site mobile dismantling units, and a digitized global partner logistics network to return over 95% of incoming modules to operational use and achieve nearly 100% material recovery for end-of-life modules.
Is Rinovasol Group a public or private company?
Rinovasol Group is a private company. It is classified as unknown and is currently operating.
When was Rinovasol Group founded?
Rinovasol Group was founded in 2018. It employs 11 to 50 people.
Where is Rinovasol Group based?
Rinovasol Group is headquartered in The Hague, Netherlands, in the Europe region.
How does Rinovasol Group make money?
Five revenue lines are on record. Used Module Purchase and Collection is the primary driver. The others are module Refurbishment and Repair Services, solar Module Recycling, PPA Contracts and enhanced Risk Management Services.
Who are Rinovasol Group's main competitors?
Broad incumbents on record are Veolia Environmental Services, First Solar, REC Group, Maxeon Solar Technologies and SunPower Corporation. Direct peers are ROSI Solar and SolarCycle.
Does Rinovasol Group have an API?
No public API is recorded for Rinovasol Group.
What industry is Rinovasol Group in?
Rinovasol Group's product category is Solar Panel Refurbishment and Recycling Services. Its primary akta.pro industry code is EUAMABAM, Solar End-of-Life, Recycling & Decommissioning (Panels, Inverters, Racking), with a secondary code of EUAMALAA, PV Module & Panel Recycling (Glass, Silicon, Metals Recovery). Its NAICS code is 562920.