2.1 C
Berlin
Share

Italy’s FuturaSun to build new Gigafactory in China

Share

Italian solar module manufacturer FuturaSun has acquired 55,000 m2 industrial area in China’s Suzhou city to build a new Gigafactory and a Research and Development center. The new industrial center is expected to be built in about a year.

Italy’s FuturaSun to build new Gigafactory in China
FuturaSun China Headquarters Signing Ceremony

The total investment on the new factory and R&D center exceeds RMB 1.5 billion. The annual sales volume of the factory is estimated to reach RMB 2 billion once it is put into operation.

A signing ceremony was held for the acquisition on October 24 with the presence of Chinese and Italian authorities in Wuzhong district, Suzhou.

Xu Ning, co-founder and COO of FuturaSun, described the evolution of the photovoltaic industry in China over the last ten years and at the same time the growth and transformation of FuturaSun. He also highlighted that cooperation with the Wuzhong district government is a milestone in the company’s history and is crucial to achieving new goals together.

Alessandro Barin, CEO of FuturaSun, joined the ceremony remotely and said that Italy was among the first countries to develop the PV industry and FuturaSun is the only Italian company that produces solar PV modules in China.

FuturaSun is reported to have established a total of 1.2 GW production capacity in Taizhou, a city not far from Shanghai.

You Might Also Like

JA Solar said to start producing polysilicon in major ramp-up plan

JA Solar has announced an agreement with the Ordos government in China’s Inner Mongolia for CNY 40 billion investment. The company plans to build...

4 predictions for solar supply chain in 2023: polysilicon, module prices, and more

In 2022, China added a record 87.41 GW of solar PV, with its total installed capacity reaching 392.6 GW. Solar PV additions are expected...

Trina Solar’s Vertex 210+ n-type modules rolled off at Changzhou fab

Trina Solar said on Friday that its Vertex 210+ n-type modules have started rolling off the production lines at the new 10 GW factory...

China added record 87.41 GW solar PV in 2022

China has added a record 87.1 GW of solar PV installations in 2022, up by 60.3%, according to the latest power industry statistics released...
Join Our Newsletter

Latest article

Polysilicon prices rebound amid rising demand

Polysilicon prices have jumped more than 31% this week after the plunge at the end of 2022, according to the latest data released by...

Latest advances on heterojunction, tandem

Huasun to locate 5 GW of heterojunction cell module production in Hefei Heterojunction black horse Huasun has signed a cooperation agreement with Feixi County Government...

Royal Group, Heking PV partner to develop TOPCon/perovskite tandem cell

Chinese dairy company Royal Group on Tuesday announced an agreement between its subsidiary Royal Agri-PV Technology and Heking PV to promote the R&D and...

Risen Energy to build 10 GWh energy storage facility

Module manufacturer Risen Energy on Monday announced an agreement signed between its subsidiary SYL Battery and Ninghai government. As per the agreement, SYL will...

Upcoming Event

Solarbe Solar Industry Summit & Awards 2023

For the past decade, Solarbe Solar Industry Summit & Awards has been a flagship event of Solarbe and a grand gathering in the solar...

High efficiency GFI n-type module, dedicated to customer value

At 15:00 pm (GMT+8), 8 December, 2022, JA Solar will invite experts for a discussion on high efficiency n-type modules that are dedicated to customer value.