Carbon, a solar panel manufacturer, is planning to establish a 5 GW solar panel facility in France by 2025. As per the company statement, by the end of this decade, it expects to triple its production capacity to 15 GW.
According to the company, the Gigafactory project will provide over 2,000 direct and 4,000 indirect employment opportunities. Efficient photovoltaic (PV) technologies like as TOPCon and IBC will be used at the manufacturing (Interdigitated back contact). The factory will also produce low-carbon polysilicon made in Europe.
Carbon will seek a first round of funding of between €100 million and €200 million in the near future, with plans to begin production in 2023 or 2024. By the end of this decade, the company anticipates Europe’s installed solar capacity to have increased by at least fourfold. This means that by 2025, the annual demand for PV modules will have risen to almost 60 GW. Further, the demand will increase to 100 GW per year by 2030.
