Sunwafe secured regional approval from Asturian authorities in March 2026 for a 30-hectare site in Gijón to develop its flagship silicon wafer manufacturing plant, marking a critical regulatory milestone for the €1.4 billion project. The company, backed by Chinese capital and EIT InnoEnergy, received a €200 million grant from the Spanish government under the PERTE Cadena de Valor program in June 2026, reducing the first-phase investment requirement to €670 million. Sunwafe appointed Tresca Ingeniería, a León-based engineering firm, to provide project development services for the industrial facility in the Zona de Actividades Logísticas e Industriales de Asturias. The plant is designed to produce 2,500 million silicon wafers annually by 2030, equivalent to 20 GW of solar capacity, targeting European and North American cell and module manufacturers upon commercial operations in early 2029. Sunwafe's CEO Michael Pinto confirmed the company has preliminary supply agreements covering its initial production capacity, with final investment decision scheduled for February 2027 and construction expected to begin the same year.