Norsun and Midsummer have each secured financing to assist their capability growth plans. Norway’s Norsun plans to extend its polysilicon capability to three GW and Midsummer desires to construct a 200 MW module facility in Sweden.
NorSun, a Norwegian wafer and ingot producer, and Midsummer, a Swedish maker of copper indium gallium selenide (CIGS) skinny movie gear and modules, are set to get €54 million ($60.1 million) and €32 million in particular person grants from the EU Innovation Fund.
Norsun stated it can use the funds to quadruple the capability of its n-type mono wafer and ingot plant to three GW in Årdal, western Norway, powered by hydroelectric capability. Wafer manufacturing may be very vitality intensive and using hydropower considerably reduces the ecological footprint of PV modules. The Oslo-based firm at the moment has a manufacturing capability of 1 GW.
“The EU sees NorSun and Norway as a strategic useful resource to rebuild the European photo voltaic worth chain and subsequently selected to offer direct assist to this trade in Norway. The three GW new capability supplies a quadrupling within the present capability,” the corporate stated in an announcement.
Norsun stated it’s getting ready the technical and industrial particulars of a 5 GW plant in the USA, along with the Norwegian facility.
Midsummer stated it can make investments the funds in a 200 MW CIGS module plant close to Stockholm. The corporate will deploy its personal DUO manufacturing gear on the facility.
“Midsummer manufactures the skinny movie deposition gear ourselves, however the back-end gear comparable to screenprinters, testers, sorters, tabbing and stringers, could be bought from third-party suppliers,” stated by Sven Lindström, CEO, Midsummer. pv journal.
Midsummer, which specializes within the development of built-in photovoltaic (BIPV) and rooftop modules, additionally has a 50 MW manufacturing facility below development in Italy. It raised virtually one-third of the financing from nationwide grants and low-interest loans. “
We hope to be able to signal with the EU by the tip of the 12 months. The places in Sweden are centered round lake Mälaren,” stated Lindström.
The EU Innovation Fund has financed a number of different PV manufacturing growth tasks not too long ago, comparable to the three GW Enel Inexperienced Energy mission in Italy. Meyer Burger, the Swiss heterojunction cell and module producer, additionally secured final week €200 million to assist 3.5 GW growth tasks, it was reported pv journal. Funding agreements are anticipated to be finalized by the tip of the 12 months.
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