On the other hand, Enel recently secured a EUR 560 million financing package for the ongoing expansion of its 3Sun solar panel factory in Catania in Sicily. The European Investment Bank and a pool of Italian banks led by UniCredit is extending the loans, with backing from the EU and the government. The EIB may add more this year.
Moreover, Italian Prime Minister Giorgia Meloni said Enel Green Power would receive EUR 90 million from the National Recovery and Resilience Plan (NRRP) for the project. It plans to complete the facility by the end of the year and reach 3 GW in annual capacity.
spoiler
the facility won’t be complete by the end of the year and once it is done it will not reach 3 GW in annual capacity.
Btw they are ABSOLUTELY DEVOTED to stopping the climate Armageddon
I hope some powerful groups of humans are.
As always, free trade for thee, protectionism for me
Just as a glimpse into the American side, because we’ve created import bans on Chinese chip making components recently but previously offshored anything and everything to save a dime, public universities are unable to do significant research on developing PV cells because the only source for some niche aspects of the process are only made in China now.
As an added note, there is an incredible amount of concern about IP because ‘China will steal it’ and badmouthing of the Chinese government for, checks notes, subsiding R&D for PV cells and storage technology at a rate that massively outclips Biden’s flimsy recent CHIPS Act (which still hasn’t started distributing funds yet)
I hold no love for JFK, but it is admirable he was hoping to conduct joint missions with the USSR to the moon. For something as catastrophic as climate catastrophe, you’d think we’d all want to cooperate on creating the most efficient harvesting and storage technology as possible, but no, or proooofiittsss and IPPPPPPPP.
It’s things like this that make any alien movie or otherwise that shows humanity uniting for the continuation of the species laughable. The US would use it as an opportunity to nuke China then see if they could sell the aliens some oil.
As an added note, there is an incredible amount of concern about IP because ‘China will steal it’
If we’re talking about solar technology, it’s actually much more likely China will giggle at American backwardness mean girls style.
Pretty much what the researcher I was speaking with told me, the US is an entire generation of engineers behind China as it stands
If nothing else, perhaps it is for the best that the frontiers of humanity’s future- space, the transition to green energy, etc- be built safely away from excessive US influence nowadays. Western behavior makes it clear, particularly as of late, our elites hold nothing sacred, and will weaponize, attempt to sabotage, and destroy anything in their quest for hegemony.
