Share

Enel: 180 million tax bonus in the US for the construction of the Gigafactory 3Sun

Kevin Stitt, governor of the state of Oklahoma, has decided to apply the IRA launched by the Biden administration. The new Enel 3 Sun factory will have a capacity of 3 GW, which can be doubled

Enel: 180 million tax bonus in the US for the construction of the Gigafactory 3Sun

Arriving important incentives for Enel in the United States. The Republican governor of the state of Oklahoma, Kevin Stitt, announced the arrival of 180 million dollars di tax bonus to the Italian company for the construction of the new gigafactory in the Tulsa Port of Inola city area. The tax rebate falls within theInflation Reduction Act, launched in August by the Biden administration which provides for interventions related to the environment for 386 billion dollars (incentives and tax credits for households and businesses aimed at promoting the transition to renewable energy sources or nuclear power). The Wrath bonus provides a 10% tax credit of the cost of the project. In the American state, Enel North America will build the 3Sun solar panel factory, a company controlled by Enel Green Power, sul model of the one active in Catania.

Investment of one billion, 3 gigawats of annual capacity

Enel, through its subsidiary Enel Green Power North America, announced a few days ago the choice of Oklahoma, setting the necessary conditions for the approval of the project to obtain economic incentives. L'initial investment estimated for the 3Sun is approx a billion of dollars. The company aims to amortize costs with a partner that has not yet been formalized. The gigafactory will have one annual production capacity of 3 gigawatts. Among the benefits of its realization also that of jobs: they are foreseen thousand new jobs by 2025. The works on the construction of the factory should begin in the fall of 2023. The first panels will be available on the market by the end of 2024.

In the project it is a second phase is also planned which provides for the doubling of production to 6 GW per year, with the creation of another 900 jobs. An increase in employment (for a total of 1.900 places) which falls among the requirements to obtain the entire tax bonus which is linked to the achievement of certain financial and employment parameters in several years: 1,8 billion dollars of qualified capital expenditure and, precisely, the creation of at least 1.400 new permanent jobs.

Among the first factories to produce solar cells in the United States

The factory will be among the first (and among the largest) facilities in the United States a produce solar cells, the basic building block of PV modules. An important novelty for the USA, where most of the projects are built with imported panels. The gigafactory will also be one of the first US factories to produce silicon-based solar cells on a large scale.

The investment is one of the largest in solar power generation since the passage of US President Joe Biden's landmark climate change bill, the Inflation Reduction Act (IRA). Enel's announcement is “the latest proof that the My Investing in America program is working and that American manufacturing is back,” said the president of the United States.

“When I took office, I promised to bring Oklahoma to the world and the world in Oklahoma. L'Enel's expansion is a big win for Oklahoma and I am excited about their record investment in our state's economy and workforce, which will have an enduring legacy and will continue to influence Oklahomans for generations,” said the Governor of Oklahoma.

“We are proud to help usher in a new era of American produced energy and to do so with a state that is already a leader in the energy sector,” he said. John Bertolino, responsible of 3Sun Use – With this announcement, we take an important step forward in the development of a state-of-the-art photovoltaic factory, bringing hundreds of jobs and millions in long-term tax revenues, putting Oklahoma at the forefront of renewable energy production.

comments