Module producer REC Photo voltaic has been chosen by the European Union to obtain a grant to help a 2GW heterojunction (HJT) photo voltaic manufacturing plant in France.
Below the European Union’s second Innovation Fund for large-scale tasks, the EU will contribute to the development of REC’s RISE (REC Innovation at Sarreguemines Enterprise) mission, earmarked for the north of France.
Profitable tasks below the EU scheme will now begin getting ready their particular person grant agreements that are anticipated to be finalised throughout This autumn 2022.
The outline of the mission given by the EU states the manufacturing facility will principally produce bifacial heterojunction modules, nonetheless there will likely be additional consideration for it to provide tandem-cell applied sciences equivalent to HJT-perovskite cells sooner or later.
“We’re completely happy to have been pre-selected for the EU grant. This is a vital recognition of EU’s confidence in REC’s mission plans. The grant award is a vital part of our France mission funding. Our administration is engaged on all the opposite elements that are wanted to make this mission a actuality,” a spokesperson for REC Photo voltaic advised PV Tech.
In whole 17 large-scale clean-tech tasks have been chosen by the EU to obtain a part of the €1.8 billion (US$1.8 billion) funding allotted for the second spherical throughout completely different industries together with inexperienced hydrogen, power storage and offshore wind.
The chosen tasks are positioned in Bulgaria, Finland, France, Germany, Iceland, the Netherlands, Norway, Poland and Sweden.
Within the first spherical, Enel Inexperienced Energy had obtained €600 million (US$601 million) to fund the event of its 3GW bifacial PV module plant in Catania that will likely be absolutely commissioned by July 2024.
Frans Timmermans, govt vice-president of the European Fee, mentioned: “In comparison with the primary disbursement spherical, the funds obtainable have elevated by 60%, enabling us to double the variety of tasks supported. This can be a large increase for the decarbonisation of energy-intensive business within the European Union.”
The Fee will launch in autumn the third name for large-scale tasks with funds virtually doubling to €3 billion because it was introduced within the REPowerEU plan printed earlier this yr.
Except for constructing a brand new HJT facility in Europe, the REC Photo voltaic has additionally elevated its manufacturing capability in Singapore and mentioned earlier this yr it was on monitor to succeed in 1.2GW of HJT module capability.