The three industrial partners of the project, Sharp corporation (Japan), ST Microelectronics (Italy/France) and Enel green power (Italy) plan to enter in to the investment via a Special Purpose Vehicle (SPV).
Location
Italy
Description
The project concerns the establishment and ramp-up of a photovoltaic (PV) module manufacturing plant in Catania, Sicily, with annual production capacity of 480 MWp in PV modules.
Objectives
The project aims to contribute to the cost reduction in the solar photo-voltaic industry, to the development of renewable energies in the EU and, indirectly, to the EU’s policy objectives on climate change.
Comments
Sector(s)
Industry
Proposed EIB finance (Approximate amount)
Up to EUR 400 million
Total cost (Approximate amount)
Approximately EUR 900 million
Environmental aspects
Production of semiconductors, which include Silicon-based solar cells, is not listed in EIA directive 97/11 and the project will be carried out in existing industrial facilities already authorized. Therefore it is unlikely that the competent authority requires an EIA. However, all the environmental related issues will be assessed during the appraisal.
Procurement
Procurement is in line with EIB guidelines for private sector projects.
Status
Approved
-
20/09/2011.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).
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