FuturaSun signs a strategic agreement with the city government of Huai’an, in China’s Jiangsu province, to build its own solar cell factory. This agreement represents a major step in the Italian company’s plan to verticalize its photovoltaic supply chain.
At the signing ceremony held on May 10 in Huai’an, FuturaSun joined the world’s leading photovoltaic cell manufacturers. The project includes the construction of a gigantic factory with an area of 266,000 m2. The initial investment amounts to 150 million euros and will be carried out in two phases.
Annual production capacity of 10GW of solar cells
Three years after completion and commissioning, the plant will have an annual production capacity of 10 GW of high-efficiency N-Typ solar cells based on TOPCon technology. The production process, which will begin in the spring of 2024, will be highly automated. The resulting solar cells will be integrated into FuturaSun modules and will supply both Italian and Chinese gigafactories. This verticalization will allow for better quality assurance, greater autonomy of supply and an improved ability to follow future technical and technological developments.
This ambitious project will certainly be a new success for this dynamic Italian company, which is relentlessly pursuing its growth and industrial consolidation, thus positioning itself among the giants of the photovoltaic industry. In just a few years, FuturaSun has successfully exploited the technological expertise of the Veneto photovoltaic region and has established itself on the market with a wide range of highly efficient modules. For some months now, FuturaSun has also been part of the ambitious plan to reindustrialize the European photovoltaic industry, with the project of a gigafactory in Cittadella (PD), where the company’s historical headquarters in Europe are located.
