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)
Aiming to support Malaysia’s 31% renewable goal by 2025, Masdar’s study could pave the way for large-scale floating solar in Southeast Asia. (Image Source: Masdar)
Avangrid’s Camino Solar project will generate power for approximately 14,000 US homes and is expected to create $15 million in local tax revenue. (Image Source: Avangrid)
Poland’s solar sector is set to benefit from Suntech’s advanced TOPCon modules under a new 200 MW distribution partnership. (Image Source: Suntech/ Linkedin)
Telecrown’s order from RRP Semiconductor includes silicon solar cells and polycrystalline materials for Maharashtra’s growing renewable energy sector. (Image Credit/Source: fietzfotos/Pixabay)