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)
Websol Energy’s ₹220 crore investment to enable 600 MW capacity through a new PV cell production line. (Image Credit/Source: Vale_Photography /Pixabay)
SECI projects totaling 1,023 MW were commissioned in Jaisalmer, Rajasthan, by Acme Solar, utilizing ISTS connections and SECI PPA financing. (Image Credit/Source: Andreas160578/Pixabay)
Actualize Solar has signed five long-term PPAs in 2024, advancing its 1.5 GW solar project portfolio across six US states. (Image Source: Businesswire)
Located in Enna and Catani a, the 242.78 MW solar plant was designed to produce 400 GWh annually, meeting the needs of 154,000 households. (Inage Source: Iberdrola)