Enel Green Power (EGP) has secured a grant agreement with the European Commission to build a solar panel gigafactory. The funding will come from the European Union’s (EU) inaugural Innovation Fund, and will be used to create an industrial-scale bifacial photovoltaic (PV) module manufacturing facility. The facility will be developed in EGP’s 3Sun solar panel factory in Catania, Sicily, and will be known as the Italian PV GigaFactory (TANGO). The EGP will invest $659 million in the capacity expansion, with almost $129 million from EU funding. The company is expected to have 400 MW of TANGO projects online by September 2023, with the complete 3 GW of capacity projected to be operational by July 2024.
