(Finance) – “We have improved technology to produce solar panels, we have radically changed it and we have also built a roadmap for future evolutions, as well as a system to have one of the most efficient solar panels in the world. Thanks to the competitiveness of this technology we can attract investmentboth European and on the market”. This was stated by the managing director of Is in the, Francesco Staraceduring the inauguration of the expansion of the Gigafactory 3Sun in Cataniawhich by 2024 will be the largest solar panel factory in Europe, with a production capacity of 3GW per year.
“This factory, which will become the largest in Europe, alone is greater than the sum of all other active factories in Europe – he added – In 5 years it will probably no longer be the largest, because there will be others or maybe we will have doubled it”.
“This factory covers less than 8% of the European market, but it’s one satisfaction to look at magnitudes of this type and not just to small projects,” he continued.
Starace explained that the European Commission “has supported us from the beginning, looking at the innovative contribution” and that “this factory is the example that technological innovation creates jobs“.
The CEO underlined that the Gigafactory has a number of European and Italian suppliers, “which we want to replicate wherever there is the possibility in Italy, in Europe and in the world”. “We want bring this technology to serve the global market“, he added.