July 08, 2011 | 0 Comments
3Sun, an equal share joint venture between Enel Green Power, Sharp and STMicroelectronics, opened its photovoltaics panel manufacturing site in Catania, Italy. The fab will produce integrated multi-junction, thin-film solar cells and modules.
July 8, 2011 -- 3Sun, an equal share joint venture between Enel Green Power, Sharp and STMicroelectronics, opened its photovoltaics (PV) panel manufacturing site in Catania, Italy. The fab will produce integrated multi-junction, thin-film solar cells and modules.
Capacity comes in at 160MW/year, though it could be bumped up to 480MW/year in coming years. The factory output is intended to meet the demand of solar power markets in Europe, the Middle East and Africa (EMEA), using both projects under development and the sales networks of Enel Green Power and Sharp.
The facility was financed through a mix of capital from the partners; EUR49 million from CIPE; and project financing with Banca IMI, Centrobanca and Unicredit. Enel Green Power, Sharp, and STM each subscribed to a third of the capital: 70 million euros each in cash or in tangible and intangible assets. Enel Green Power provides expertise in development and operation of renewable power plants and PV panel retail marketing through its subsidiary Enel.si. Sharp brings multi-junction thin-film technology to be manufactured in Catania, as well as photovoltaic panels marketing through Sharp?s subsidiaries in Europe. STMicroelectronics provides manufacturing capabilities, an advanced technology staff, and energy-saving power-management systems expertise.
Enel Green Power and Sharp formed a second joint venture, Enel Green Power & Sharp Solar Energy (ESSE), to develop, build and operate photovoltaic systems in the EMEA area with an output target of over 500MW by 2016, using panels manufactured by the Catania factory. ESSE will build a 1MW solar installation on the Catania factory's rooftop.
In attendance at the PV facility's opening were the President of the Sicily Region, Raffaele Lombardo, the President of the Catania Province, Giuseppe Castiglione, and the Mayor of Catania, Raffaele Stancanelli. Enel Chairman Paolo Andrea Colombo and Enel CEO Fulvio Conti, Sharp Corporation President Katsuhiko Machida, STMicroelectronics supervisory board Vice Chairman Bruno Steve and STMicroelectronics President and CEO Carlo Bozotti, Enel Green Power CEO Francesco Starace, Sharp Representative Director and Executive Vice-President, Toshishige Hamano, 3Sun President Andrea Cuomo and 3Sun CEO Mauro Curiale presided over the event.
Enel Green Power is the Enel Group company devoted to the development and management of power generation from renewable sources at the international level, with a presence in Europe and the Americas. Learn more at www.enelgreenpower.com
Sharp manufactures LCD TVs, solar cells, and other electronic products. For more information, visit http://sharp-world.com/index.html
STMicroelectronics makes semiconductors and MEMS for multimedia convergence and power applications. Further information on ST can be found at www.st.com.