Enel reported to be selling stake in 3GW Sicilian module factory

Facebook
Twitter
LinkedIn
Reddit
Email
The 3Sun facility in Catania, Sicily, is set to be the largest PV manufacturing site in Europe. Image: Enel Green Power.

Italian renewable energy group Enel Green Power has reportedly entered talks to sell a stake in its 3GW PV module manufacturing facility in Sicily.

According to Reuters, renewables investor and asset managerNextEnergy Capital is poised to buy a minority stake in the facility, though an official announcement from Enel is expected to be issued in the coming days.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Enel’s 3Sun facility, once complete, will be the largest PV manufacturing plant in Europe, focusing on producing bifacial heterojunction modules, as well as an apparent research and development commitment to begin pursuing tandem cells in the coming years.

The project received a €600 million (US$644 million) investment grant from the European Commission last April as part of its first Innovation Fund for large-scale projects. 3Sun’s first 400MW production line is expected to be operational in September this year, whilst the plant is set to reach full production capacity by July 2024.

Enel CEO and general manager, Francesco Starace said: “With 3Sun, we are practically demonstrating that in Italy, and therefore also in Europe, thanks to an innovative technology, we can now produce state-of-the-art photovoltaic panels that are competitive in international markets.”

Chief investment officer of NextEnergy Capital, Aldo Beolchini, echoed this sentiment last week at the Solar Finance & Investment Europe conference: “The modules manufactured in the EU are cost-competitive. The problem is that today there isn’t a supply chain in Europe.”

He also spoke about collaboration between NextEnergy and Enel: “We are going to partner up with Enel Green Power, who is constructing a 3GW factory in south Italy. We are working with them to construct and finance that factory, to then expand that company internationally.”

Efforts have gathered pace to build out a European PV supply chain. The recently announced Green Deal Industrial Plan aims to streamline permitting and regulatory frameworks for manufacturing plants, as well as increase access to rare earth metals and raw materials key to the production of ‘net zero technologies’.

December saw the launch of the European Solar PV Industry Alliance, aiming to install 30GW of annual PV manufacturing capacity across the value chain by 2025. This and the Green Deal are tandem operations working towards the REPowerEU’s target of 600GWac of deployed PV capacity by 2030.

Enel recently announced plans for a 3GW US cell and module manufacturing site.

8 October 2024
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 8-9 October 2024 is our second PV CellTech conference dedicated to the U.S. manufacturing sector. The event in 2023 was a sell out success and 2024 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
26 November 2024
Málaga, Spain
Understanding PV module supply to the European market in 2025. PV ModuleTech Europe 2024 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
11 March 2025
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
May 29, 2024
11am (EDT) / 5pm (CEST)
Solar Media Events
June 4, 2024
London, UK
Upcoming Webinars
June 11, 2024
3:00 PM (BST) / 4:00 PM (CEST)
Solar Media Events
July 2, 2024
Athens, Greece