In Short : Germany’s 1Komma5° is set to launch a 5GW TOPCon (Tunnel Oxide Passivated Contact) solar cell manufacturing plant. This development signifies a major stride in advanced solar technology, enhancing the country’s position as a leader in renewable energy innovation. The large-scale facility highlights Germany’s commitment to expanding clean energy capacity and promoting cutting-edge solar solutions, contributing significantly to the global push for sustainable energy sources.
In Detail : 1Komma5° plans to set up a 5 GW TOPCon module assembly plant in Germany in 2024. Join the European push for higher-priced modules and reduce reliance on Chinese-made solar – discover 1Komma5°’s new production plant in Brandenburg or Saxony.
Germany-based energy startup 1Komma5° has announced plans to set up a 5 GW tunnel oxide passivated contact (TOPCon) module assembly plant in Germany in 2024. The production plant is expected to be located either in Brandenburg or Saxony and will have an initial annual nameplate capacity of 1GW before increasing it to 5GW by 2030. 1Komma5° had raised €250 million (US$263 million) in equity through a Series B funding round, and €215 million was raised through re-investment options. The focus is on Europe for now, covering key markets like Germany, Sweden, Denmark, Spain, Finland and Italy, as well as Australia. The move into expanded manufacturing is part of a push to reduce reliance on Chinese-made modules, though industry people point out the vast gulf between Chinese modules and European modules, with Chinese prices almost 50% lower. The future of the European push for higher-priced modules may depend on subsidies, as skepticism about solar continues to exist in some countries.