A view of the factory
Image: MCPV
MCPV has signed financing agreements worth €4.2 million with the Ministry of Economic Affairs, the Province of Groningen and the Investment and Development Agency for the Northern Netherlands.
The company said the new funds will enable it to kick-start the implementation of a 4 GW cell factory to be built in Veendam, in the northeast of the country.
The company has also signed an agreement with Enexis, a Dutch electricity grid operator, for sufficient grid capacity for the initial and future expansion of the production facility.
“Thanks to the close public-private partnership, reflected in the approval in 2023 of the significant financing under the National Growth Fund, the MCPV team has further strengthened the company’s position by achieving important project and financial milestones, enabling its implementation could get a flying start. phase,” Marc Judge, CEO of MCPV, said in a statement.
In previous announcements, MCPV had unveiled plans for a 3GW cell factory. The facility is expected to produce solar panels using an unspecified heterojunction cell technology with an efficiency of up to 26.5%. MCPV also plans to produce tandem perovskite-silicon solar panels at the factory in the future, with a cell efficiency of more than 30%.
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