European PV firm FuturaSun settles China headquarters in Jiangsu Province

Updated: October 29, 2022 Source: Belt and Road Portal
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Photo shows the signing ceremony of FuturaSun's China headquarters project held in Wuzhong District, Suzhou City, Jiangsu Province in east China on October 24.

FuturaSun, a leading photovoltaic firm based in Italy, will settle its China headquarters in Wuzhong District, Suzhou City of Jiangsu Province in east China, which will inject new momentum into the development of the new energy sector in the district.

The signing ceremony for the project was held on October 24 in Wuzhong District. Commercial Consul of the Consulate General of Italy Alessandra Palumbo, local officials and executives from FuturaSun participated in the ceremony.

Suzhou and Italy have a long history of friendship, and Venice is the first overseas city of friendship and exchange that Suzhou has concluded, for 42 years now, said Zhang Huaqian, member of the standing committee of the CPC Wuzhong District Committee.

With the settlement of the China headquarters in Wuzhong, FuturaSun, the only Italian photovoltaic company investing in China, will help the district further strengthen the development foundation of its new energy industry and enhance its green development momentum, added Zhang, noting that the district will strive to create a sound business environment for the win-win cooperation.

Alessandra Palumbo said that the friendship between the two peoples of China and Italy is the basis for the good economic and trade relations between the two countries.

2022 coincides with the China-Italy Year of Culture and Tourism, and the special exhibition of  "Etruscans - Lords of Ancient Italy" was successfully launched at the Museum of Wu, fully reflecting the in-depth cooperation between Italy and Suzhou in cultural exchange, she noted.

The settlement of the Chinese headquarters of FuturaSun in Wuzhong represents a further expansion of Italian enterprises in the Chinese market and highlights the important connotation of the cooperation between Italy and China to achieve the goal of carbon neutrality, she added.

Alessandro Barin, CEO and co-founder of FuturaSun, said in his video message that Italy is one of the first countries to start developing the photovoltaic industry, and FuturaSun has been focusing on the field for 15 years. Wuzhong District boasts an ecologically-pleasant urban environment, efficient and convenient application scenarios, and an open and inclusive cultural environment that will help FuturaSun's photovoltaic business reach new heights, he added.

Founded in 2008, FuturaSun focuses on R&D, manufacturing and sales of solar crystalline silicon cells and photovoltaic modules, and it has world-class cell and module technology reserves. Relying on independent innovation, it has built a global sales landscape, with products covering more than 70 countries and regions in Europe, South America, the Middle East and  Africa.

The company will also set up a photovoltaic module R&D and production base in Wuzhong, and the project will have a proposed registered capital of 40 million euros and a total investment of not less than 1.5 billion yuan, with an estimated annual sales of 2 billion yuan after delivery.

Editor: Su Dan