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Last Updated on 28
Nordcell Group is planning to build the GIGA ONE solar panel factory in Sweden. The facility will run entirely on renewable energy and have an annual production capacity of 2.5 million solar panels, equivalent to 1.2 gigawatts (GW) . The group anticipates commencing production by the first half of 2025.
Furthermore, the annual production is expected to generate clean energy equivalent to powering 600,000 homes while simultaneously boosting the current European domestic solar panel production capacity by 50 percent. Once operational, it will be the greenest solar panel factory in the world.
According to Nordcell, more than 97% of all solar panels installed in the EU are imported and sourced from China and South Asia, making the European Union completely dependent on Asian imports for the foreseeable future. Nordcell aims to mitigate the imports and become one of the leading solar panel manufacturers in Europe.
The EU has announced a target that at least 40% of all net-zero technologies, including solar panels, will be manufactured within the EU to serve the European solar PV market by 2030.
Nordcell aim is to build a vertically integrated production system that covers all four primary stages of solar panel production; silicon, ingot & wafer, cells, and panels. The GIGA ONE has a production capacity of over 2.5 million panels annually. Some other key objectives include:
One of the project's primary objectives is to help the European Union (EU) reduce its dependence on solar panel imports from China and South Asia. The EU is estimated to install around 1 billion solar panels by 2030, and unless something changes, 97% of them will be non-European panels.
The project aims to leverage the low-CO2 emissions electricity mix in Northern Sweden to bring to market a product with lower CO2 emissions associated with its production. This aligns with the growing demand for truly sustainable products, driven both by consumers and by regulatory pressure from the EU.
The project seeks to take advantage of the opportunities presented by the regulations expected as a result of the NZIA, which provides a quota of 40% of technologies to be manufactured within the EU by 2030.
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The database is a vital resource for a wide range of entities, including developers, EPC companies, project owners, solar PV module suppliers, BOM, Operation and Maintenance (O&M) companies, data analytics and software providers, consulting and advisory firms, power utilities, investors and financial institutions lending to projects as well as refinancing existing projects, research and development organizations, companies looking for acquisition of solar power plants, government and regulatory bodies, and law firms
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