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EU rules out measures against imports of solar panels from China. More than 97% of solar panels installed in the EU are imported and most come from China. (balkangreenenergynews.com)

submitted 9 months ago by [email protected] to c/[email protected]

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[–] [email protected] 0 points 9 months ago

On the other hand, Enel recently secured a EUR 560 million financing package for the ongoing expansion of its 3Sun solar panel factory in Catania in Sicily. The European Investment Bank and a pool of Italian banks led by UniCredit is extending the loans, with backing from the EU and the government. The EIB may add more this year.

Moreover, Italian Prime Minister Giorgia Meloni said Enel Green Power would receive EUR 90 million from the National Recovery and Resilience Plan (NRRP) for the project. It plans to complete the facility by the end of the year and reach 3 GW in annual capacity.

spoiler

the facility won't be complete by the end of the year and once it is done it will not reach 3 GW in annual capacity.