MCPV, a cell producer based mostly within the Netherlands, has secured €4.2 million ($4.6 million) in Dutch authorities assist for a 4 GW photo voltaic cell plant to be constructed within the metropolis of Veendam. It has additionally secured electrical energy provide commitments for preliminary manufacturing traces and future growth.

A rendering of the manufacturing facility

Image: MCPV

MCPV signed €4.2 million financing agreements with the Ministry of Economic Affairs, Province of Groningen, and the Investment and Development Agency for the Northern Netherlands.

The firm stated the brand new funding will allow it to “kick-start” implementation of a 4 GW cell manufacturing facility to be inbuilt Veendam, within the north-eastern a part of the nation.

The firm additionally signed an settlement with Enexis, a Dutch distribution electrical energy community operator, for enough grid capability for the manufacturing facility initially and for future growth.

“Behind the shut public-private cooperation, demonstrated by the approval in 2023 of great funding beneath the National Growth Fund, the MCPV staff additional strengthens the corporate’s place by hitting key initiatives and monetary milestones, enabling the beginning of its implementation part,” stated MCPV CEO Marc Rechter in a press release.

In earlier bulletins, MCPV revealed plans for a 3 GW cell manufacturing facility. The facility is anticipated to supply photo voltaic panels utilizing an unspecified heterojunction cell expertise with an effectivity of as much as 26.5%. MCPV additionally plans to fabricate tandem perovskite-silicon photo voltaic modules on the facility sooner or later, with cell efficiencies exceeding 30%.

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