About Acquisition of photovoltaic bracket factory
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3 FAQs about [Acquisition of photovoltaic bracket factory]
Will a 500 MW photovoltaic module be built in Bourgoin-Jallieu?
Carbon has proposed a €40 million investment to create a 500 MW photovoltaic module production unit at Photowatt's Bourgoin-Jallieu site, set for completion by the end of 2025.
Why did EDF acquire Photowatt?
Photowatt will also serve as a pilot facility for testing and refining module production. EDF Renewables, which acquired Photowatt in 2012, had been seeking an industrial partner to manage the 170-employee factory, which has faced financial challenges due to Chinese competition.
Will EDF renewables buy Photowatt?
“EDF Renewables considers that the acquisition project for Photowatt proposed by Carbon would provide new impetus to sustain the company’s activity and secure jobs on the site,” said Bruno Fyot, deputy CEO of EDF Renewables. Carbon still needs to secure €1.7 billion to build its 5 GW factory in Fos-sur-Mer, France.
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