/ROME, March 9, 2023, 10:00 GMT, FuturaSun/ FuturaSun, has acquired a 24,000 sqm plot of land in the industrial area of Cittadella (Padua) to establish a new Italian Gigafactory. The facility will reach a 2 GW/year production capacity of high-efficiency photovoltaic modules manufactured using the most innovative technologies. The company relaunches the European photovoltaic supply chain with a new centre dedicated to developing and producing PV modules.

With this important step, the company commits to a total investment of 25 million Euros over the next few years. The project fits into the company’s strategic industrial plan, and it follows through on the European mission of rebuilding the European supply chain, with FuturaSun taking the role of one of the main players.

Alessandro Barin, the CEO of FuturaSun, declares,“With this new industrial hub, we believe we can enhance our hometown while also becoming a reference point in the REpowerEU plan and the European Green Deal to revive the Italian and European photovoltaic industrial supply chain in support of continental energy transition strategies.”

The new HQ will be designed according to across-the-board environmental and sustainability criteria and will include an R&D centre for applied scientific research, a large test field for product control and improvement, a PV Academy and a training centre to recreate the expertise of industry professionals.

About FuturaSun

FuturaSun was founded in Cittadella in 2008 and has successfully transformed the 2012 photovoltaic crisis into an opportunity. After 15 years of uninterrupted growth, with a Gigafactory already active in China and two others under construction, the company continues in its project to reposition the supply chain, initiating another dream of reviving the Veneto district of photovoltaics in Cittadella.

The more information and answers to your questions about the Italian and European solar energy market and related content (incl. list of solar energy developers and investors, data, and forecasts), you may read here: Europe Solar Photovoltaic (PV) Power Market Outlook 2023 ÷ 2032

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