Enel Inexperienced Energy’s 3Sun module manufacturing facility in Catania, Sicily.
Picture: Enel Inexperienced Energy
From pv journal Italy
Italian energy utility Enel has secured a €560 million financing bundle for a 3 GW heterojunction photo voltaic module manufacturing facility in Catania, southern Italy.
“The financing was made potential by a collaborative effort between the European Funding Financial institution (EIB), supported by InvestEU, and a pool of Italian banks, led by UniCredit and comprising BPER Banca and Banco BPM, backed by SACE,” Italian financial institution Unicredit mentioned in a press launch. “The EIB financing additionally consists of intermediated loans to business lenders for €118 million, which could possibly be elevated to as much as €342 million in 2024, bringing the full EIB intervention in help of 3Sun to €389.5 million.”
The whole funding within the module manufacturing facility quantities to €600 million, with the European Union and the Italian authorities contributing as much as €188 million to the TANGO (iTaliAN pv Giga factOry) venture.
Enel’s unit Enel Inexperienced Energy began constructing the manufacturing facility in Could 2023, with completion initially scheduled for summer season 2023.
The corporate is betting on n-type heterojunction (HJT) cell with an effectivity of 25.5%. It mentioned this might lead to module efficiencies above 24%. From 2026, Enel plans to supply much more environment friendly photo voltaic modules based mostly on tandem silicon-perovskite cells.
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