/ROME, December 14, 2023, 10:00 CET, FuturaSun/ FuturaSun, is proud to announce that it has received the prestigious China Awards 2023 in the Top Investors category. This award, now in its 18th edition and organised by Class Editori with the Italy China Council Foundation, annually celebrates the companies that have best grasped the opportunities for exchange between Italy and China. The prize was awarded to FuturaSun in recognition of the extraordinary ability demonstrated in managing investments in China and for building solid relationships with institutions and leading industrial players. FuturaSun’s deep understanding of the Chinese culture and market has played a key role in achieving the company’s business goals.

In a recent strategic agreement with the government of the city of Huai’an, in the Chinese province of Jiangsu, FuturaSun started the construction of a new solar cell production site covering an area of 266,000 square metres, thus becoming a producer of cells and marking a significant step in the verticalization project of its photovoltaic supply chain. At the same time, construction is underway on the new Asian HQ in Suzhou, comprising an innovative R&D centre and a gigafactory designed to produce 2 GW of high-efficiency photovoltaic modules.

In Italy, FuturaSun has invested in scientific research and the development of innovative technologies through the acquisition of the start-up Solertix based in Rome, specialised in the study of perovskite, considered the future of photovoltaics. The company has also completed the design of the Italian gigafactory to be set up in Cittadella and will contribute to the ambitious plan for the European re-industrialisation of the photovoltaic industry.

Earlier this year, FuturaSun 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, CEO of FuturaSun, proudly stated: “We are thrilled to receive this prestigious award, which confirms our ability to be a technological bridge of excellence between Europe and China. We believe that only by collaborating and combining European and Chinese know-how can we achieve the ambitious goals of our business plan and contribute significantly to the global energy transition.”

The award ceremony took place yesterday, on the 13th of December, in the evocative setting of the ‘Leonardo da Vinci’ Museum of Science and Technology in Milan, with the participation of about three hundred representatives of the Italian industry and business world.

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.

For more information and answers to your questions about the Italian and European solar energy market and related content (incl. a 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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