REPowerEU: New industrial Alliance to boost the EU's solar power and energy security
Today, the Commission together with industrial actors, research institutes, associations and other relevant parties launched the European Solar PV Industry Alliance.
The alliance will help mitigating supply risk by securing diversification of supplies through more diverse imports and scaled up solar PV manufacturing of innovative and sustainable solar PVs in the EU. In a joint statement, the Commission and signatories of the Alliance set out the immediate priorities for 2023.
Boosting domestic manufacturing capacity will be key for the EU to reach the REPowerEU objectives of over 320 GW of newly installed solar photovoltaic capacity by 2025, and almost 600 GW by 2030.
The new Alliance has endorsed the objective of reaching 30 GW of European manufacturing capacity by 2025, across the entire value chain. Reaching this objective would deliver €60 billion of new GDP per year in Europe and the creation of more than 400,000 new jobs.
The Alliance will also offer policy inputs to reduce Europe's risk of supply and support domestic industry