FuturaSun Establishes 10 GW Industrial Hub and Becomes PV Cell Manufacturer

The project involves the construction of a 266,000-square-meter gigafactory. The investment will initially amount to 150 million euros and will be carried out in two phases. In a 3-year span, once finalised and operational, the plant will have an annual production capacity of 10 GW of state-of-the-art, high-efficiency N-type solar cells based on TOPCon technology.

The production process, starting in the spring of 2024, will be highly automated. The resulting solar cells will become an integral part of FuturaSun’s modules, catering to both its Italian and Chinese gigafactories.

Vertical integration will provide even greater quality assurance, enhanced supply autonomy, and increased ability to address future technical and technological advancements.

“This is an extraordinary and unprecedented project in which our Italian Group sets the goal of entering an arena that has so far been dominated by Chinese big players. It is a testament to our ability to reach new frontiers and turn seemingly-impossible dreams into reality. Today, FuturaSun is further consolidating its supply chain, ensuring supply for the main module component – the solar cell – while upholding its quality standards – not only for our Chinese facilities but also, and most importantly, for their European counterparts. In just a few years of existence, we have emerged as a prominent reference in the photovoltaic industry, particularly within the framework of Europe-China relations“, Alessandro Barin, CEO and co-founder of FuturaSun, comments.

For the production of its photovoltaic modules, FuturaSun established its first gigafactory in Taizhou in 2020, and it is currently developing a second gigafactory and the HQ Asia in Suzhou.

Both facilities are located within the extensive photovoltaic district of Jiangsu Province, the largest and most dynamic in the world. 

FuturaSun, as the first and only Italian company in the area, has managed to establish itself among the giants of the photovoltaic industry in terms of competence, determination, and strategic vision.