Press Release: State aid: Commission clears €49.06 million aid for 3Sun’s photovoltaic modules plant in Catania, Italy

The European Commission has authorised under EU state aid rules €49.06 million of regional investment aid for the company 3Sun Srl, a joint venture between STMicroelectronics NV, Sharp Corporation and Enel Green Power SpA, for the production of photovoltaic modules in Catania (Sicily), Italy. The project involves an investment of €358.68 million. The Commission found the measure to be compatible with EU rules, and in particular with the requirements of the Regional Aid Guidelines 2007-2013 (see IP/05/1653), because, on balance, the positive effects of the investment on regional development outweigh potential distortions of competition induced by the aid.