How does the EU support the European solar PV manufacturing sector?

Over the last years, the EU has taken initiatives to strengthen its support to the European solar PV manufacturing sector, which includes several globally competitive companies in several steps of the value chain.

Is the EU ready for solar energy?

The EU has long been a front-runner in the roll-out of solar energy. Under the European Green Deal and the REPowerEU plan, solar power is a building block of the EU’s transition to cleaner energy. Its accelerated deployment contributes to reducing the EU’s dependence on imported fossil fuels.

Why is solar energy important in the EU?

Reducing the EU’s dependence on fossil fuels, solar energy plays a key role in both the clean energy transition and the REPowerEU plan. Solar energy technologies convert sunlight into energy, either as electricity (photovoltaics and concentrated solar power) or in the form of solar heat. Solar is the fastest growing energy source in the EU.

What is the EU photovoltaic charter?

Signed today in the margins of the informal Energy Council meeting by the Commission – represented by EU Commissioner for Energy Kadri Simson - energy ministers from 23 EU countries and industry representatives, the charter sets out a series of voluntary actions to be undertaken to support the EU photovoltaic sector.

How much solar power is installed in the EU?

About 2.3 GW of concentrated solar power has been installed in the EU since 2013, but most new projects take place outside of the EU. Solar thermal technologies are used mainly to produce domestic hot water in residential buildings and industry through heat collectors.

How much solar power does the EU have in 2023?

The EU solar generation capacity keeps increasing and reached, according to SolarPower Europe, an estimated 259.99 GW in 2023. The EU has long been a front-runner in the roll-out of solar energy. Under the European Green Deal and the REPowerEU plan, solar power is a building block of the EU’s transition to cleaner energy.