FuturaSun’s FENICE project in Italy received a €21 million grant from the EU Innovation Fund to establish a high-efficiency photovoltaic module plant. Named “FuturaSun advancEd italiaN manufacturIng CEntre” (FENICE), the facility will produce over 7.6 GW of solar modules within its first decade, supporting Europe’s renewable energy transition and reducing reliance on imports. Featuring advanced n-type and xBC technology, the plant is expected to generate 1.4 GW annually, creating 250 direct and 380 indirect jobs. The FENICE project, also supporting research and collaboration with universities, aims to enhance Europe’s solar supply chain resilience. The next step includes finalizing a Grant Agreement with CINEA to secure funding.
FuturaSun receives EU grant to build 1.4 GW PV Module Plant in Italy
FuturaSun’s FENICE project has secured a €21 million grant from the EU Innovation Fund to establish a solar module plant in Italy. (Image Source: FuturaSun)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)
Part of SECI’s 2 GW ISTS initiative, the project will deliver four hours of peak power daily for 25 years. (Image Credit/Source: Pixabay/Pexels)
Ethical Power Italia’s first EPC projects in Italy, two solar farms for Encavis AG, will generate 28 GWh annually. (Image Credit/Source: TomFisk/Pexels)