Belgian Solar Manufacturer Belinus to Build 5 GW Solar Module Facility in Belgium, Georgia

Belinus, the Belgian solar manufacturer giant, will be constructing a 5GW solar PV module manufacturing facility in Belgium and Georgia. It said that the solar module factory will be operational by the end of 2025.

Belinus held that the solar module factory will be developed in two phases. In the First Phase Belinus will build a 500 MW production facility for Tunnel Oxide Passivation Contact (TOPCon) module.

In the Second Phase, the Belgian firm will be developing over 1 GW of Tandem Back Contact (TBC) solar cell technology facility.

JinkoSolar Announces Financial Results; Net Profit Stands at $96 Million

Also Read

Belinus wants to build the new manufacturing facility with the objective to expand the supply chain in Europe and also able to cater to the American markets.

 “We are already in active negotiations with local government officials to start production by the end of the first quarter of 2024,” said Francis Roma, Chairman of Belinus. At present, Belinus has an annual capacity of more than 2.2GW.

The European Commission is aiming to achieve 30 GW of manufacturing capacity across the value chain in the renewable energy segment by the middle of this decade.

Utility Scale Solar Takes Biggest Hit in 2022 In US as 20.2 GW Fresh Capacity Added

Also Read

Last year, Belinus launched an ultra-black double-glass bifacial heterojunction solar module that would be employed in residential spaces. It was also awarded as Top PV Brand from EUPD Research which is a famous market research company based out of Bonn, Germany.

The vagaries of climate change and the brazen economic impact of the Russian-Ukrainian conflict has compelled Europe to expand its renewable energy sector and solar manufacturing is inalienable part of it. The European Commission recently came up with Green Deal plan. Exiom and Iberdrola are in collaboration to develop a 500MW TOPCon facility in Spain in 2023 itself. Carbon – a French Renewable Energy company – will construct 5GW and 3.5GW capacity of manufacturing facilities. AE Solar will be to building a 10 GW solar module facility in Romania.