On October 23rd local time, the European Commission (EC) said that it would allocate 4.8 billion euros (about 37 billion yuan) from the Innovation Fund to fund 85 innovative net zero projects in 18 countries in accordance with the 2023 call for proposals. Net zero projects are expected to reduce emissions by about 47.6 billion tons of carbon dioxide equivalent in ten years.

The selected projects are distributed in 18 countries: Belgium, Denmark, Germany, Estonia, Greece, Spain, France, Croatia, Italy, Hungary, the Netherlands, Austria, Poland, Portugal, Slovakia, Finland, Sweden and Norway, of which Estonia and Slovakia were invited for the first time. The projects cover a wide range of areas in the following categories: energy-intensive industries, renewable energy, energy storage, industrial carbon management, net zero transportation (including shipping and aviation) and buildings.

Among them, the selected projects will contribute 3 GW of solar PV manufacturing capacity to the EU, including a water surface PV project in Belgium, a malt industry solar thermal power plant and storage facility in Croatia, and a 1.5 GW heterojunction PV module factory in Spain - these factories will be developed by Trina Solar's subsidiary Trina Solar (Luxembourg) Holdings.

Another selected company is Italian photovoltaic company FuturaSun, and the selected project is its FENICE manufacturing project (Futurasun Advanced Italian Manufacturing Center). FuturaSun had previously announced that it plans to invest in a module factory using BC technology in Italy with the support of ISC Konstanz. It is reported that in March 2023, the company announced the construction of a 2GW module factory in Cittadella, Italy.