What is the story about?
What's Happening?
A report by SolarPower Europe and Fraunhofer ISE suggests that Europe could achieve 30 gigawatts of solar manufacturing by 2030 with appropriate policy support. The report highlights the potential for Europe to produce solar modules competitively, challenging imports from China. It emphasizes the need for CAPEX and OPEX support, along with output-based incentives, to reduce production costs and enhance supply chain resilience. The report calls for EU-level support schemes and the implementation of the Net-Zero Industry Act to boost domestic solar manufacturing and create thousands of jobs.
Why It's Important?
Expanding solar manufacturing in Europe is crucial for enhancing energy security and achieving climate goals. By reducing reliance on imports and strengthening local production capabilities, Europe can retain economic value and create jobs. The report's recommendations align with broader efforts to transition to renewable energy and reduce carbon emissions. Successful implementation of these strategies could position Europe as a leader in clean technology manufacturing, contributing to global sustainability efforts.
What's Next?
The report urges EU Member States to adopt non-price criteria in renewable energy auctions, as outlined in the Net-Zero Industry Act. These measures are expected to diversify supply chains and support the reshoring of solar manufacturing. The success of these initiatives will depend on effective policy implementation and collaboration between governments and industry stakeholders. Achieving the 30 GW target by 2030 will require significant investment and coordinated efforts across the region.
AI Generated Content
Do you find this article useful?
