Enel Green Power’s 3Sun gigafactory in Catania, Sicily, has secured a €560 million financial package, led by UniCredit, BPER Banca, and Banco BPM, with EIB support. The gigafactory aims to expand its photovoltaic production capacity from 200 MW to 3 GW by 2024, becoming the largest solar facility in Europe. The funding, backed by SACE and InvestEU, aligns with the REPowerEU mission, contributing to the EU’s goal of 600 GW solar energy by 2030.
Enel Green Power’s 3Sun targets Europe’s largest solar factory by 2024
Enel Green Power’s 3Sun secures €560 million in funding to expand its photovoltaic production capacity from 200 MW to 3 GW by 2024 (image credit: Pexels)
R3 Renewables aims to power 850,000 homes with solar and battery storage across the Midwest. (Image Source: RWE)
The INR1,080 crore infrastructure projects are enhancing Ladakh’s power supply under the Revamped Distribution Sector Scheme. (Image Credit/Source: Pixabay/Pexels)
Solar arrays on tracking racks to maximize output at Mink Solar’s 140 MW project in Ohio. (Image Credit/Source:Kelly/Pexels)
The company currently operates 50 MW of solar capacity and has 283 MW in development in the Valencian region. (Image Source: Castillo Engineering)