Newly founded solar panels company Nordcell Group AB on Wednesday announced a plan to build a 1.2-GW factory in Sweden in an effort to help the EU tackle its dependence on imports from China and South Asia.
Dubbed GIGA ONE, the new facility is expected to manufacture 2.5 million solar panels annually. Nordcell says the plant is planned as the greenest solar panel factory to be powered by 100% fossil-free energy and supplied with next-level automation combined with the globally most advanced production equipment, according to a statement.
Stockholm-based Nordcell has pledged to build a vertically integrated production line that covers all four primary stages of solar panel manufacturing -- silicon, ingot and wafer, cells and panels.
The specific terrain for the future plant has not been chosen yet. The company is presently assessing different sites in the northern region of Sweden with a final decision expected to be made soon.
GIGA ONE’s commissioning is targeted for the first half of 2025.
Once installed, the future facility will be able to make enough devices to produce about 1.5 TWh of clean electricity, an output enough to power 600,000 homes or cover roughly 1% of Sweden's total energy needs.
Nordcell was launched at the beginning of 2023 by a group of serial entrepreneurs from the EU solar industry. The company will target the residential, commercial, and utility markets.
The Swedish firm noted in the statement that it had dedicated the past year to developing the GIGA ONE plan. Germany’s Fraunhofer Institute for Solar Energy Systems (Fraunhofer ISE) has been partnering with the company on the project since the very beginning, initiating an early Life Cycle Assessment (LCA) to analyse the environmental impact of production.
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