FuturaSun plans 2-GW PV module factory in Italy

Italian photovoltaic (PV) panel manufacturer FuturaSun plans to build a gigafactory in Italy that will reach a production capacity of 2 GW of modules a year.

The company, which currently has manufacturing activities in China, said today it has acquired a 24,000 sq m plot in the industrial area of its hometown of Cittadella in Padua and committed to invest EUR 25 million (USD 26.4m) over the next few years.

It added the project aligns with efforts to rebuild the European supply chain.

According to chief executive Alessandro Barin, FuturaSun’s planned industrial hub could become a reference point in the HORIZON IBC4EU project, a programme within the REpowerEU plan and the European Green Deal to revive the Italian and European PV industrial supply chain. The IBC4EU project includes 21 partners and seeks to develop cost effective and sustainable bifacial interdigitated back contact (IBC) solar cell and module technology on pilot line level.

FuturaSun’s new headquarters will include a research and development centre, a test-field for product control and improvement, a PV academy and a training centre.

The company has a gigafactory in operation in China and two others under construction.

(EUR 1 = USD 1.054)

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