Italian heterojunction module manufacturer 3Sun says it started production at its factory in Catania, Italy, in September.
Sources previously indicated that they would do so pv magazine that Enel may have postponed its plans for the Catania plant due to economic considerations.
“They could be waiting for the increase in panel prices that we expect with the passage of the FerX decree and especially with the start of the Transition 5.0 program,” said a source who asked not to be identified.
A second source familiar with the situation said 3Sun produced the first panels in late September.
“There are five production lines of 600 MW. The first started in September, the second should start by the end of the year,” the source said. “The plant should reach 3 GW by the end of 2025.”
Enel initially planned to start production of 3Sun panels in June 2023, but later postponed this to September 2024. The certification achieved last week is expected to accelerate sales.
Regarding the US 3Sun project, CEO Flavio Cattaneo stated that Enel prefers to collaborate with local companies and would only consider a minority role in a potential US factory.
For the 2025-2027 plan, Enel focuses on financial performance by maximizing returns and increasing shareholder compensation. The company plans to increase investments in networks by 40% compared to its previous strategy.
“The group’s total gross investments in the 2025-27 plan amount to approximately €43 billion, an increase of approximately €7 billion compared to the previous plan,” the company said. “In particular, it is expected to allocate around €26 billion to networks, of which around 78% in Italy and Spain.”
Enel plans to allocate 26 billion euros to network investments, of which 16 billion euros is intended for Italy and 4 billion euros for Spain.
In terms of renewable energy, the company appears to be prioritizing onshore wind energy over solar energy, signaling a strategic shift.
Enel outlined plans to allocate around €12 billion for sustainable energy between 2025 and 2027. The company said it plans to add about 12 GW of capacity, focusing on a diverse technology mix dominated by more than 70% onshore wind and other programmable sources such as hydropower and batteries. storage.
Enel said it aims to reach a total capacity of around 76 GW by 2027, increasing renewable energy production by more than 15%. It also said it will invest €4 billion in renewable energy in Italy over the period 2025-2027.
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