(Wednesday) 10:00 - 12:30
To reach climate-neutrality and provide a competitive electricity supply to EU citizens, the EU increasingly relies on solar PV technologies. Solar is set to power 36% of Europe’s electricity generation
To reach climate-neutrality and provide a competitive electricity supply to EU citizens, the EU increasingly relies on solar PV technologies. Solar is set to power 36% of Europe’s electricity generation by 2050, according to Bloomberg New Energy Finance and more than 60% according to Lappeenranta University’s 100% renewable scenarios. Just last year, new solar installations in the EU increased by over 100%.
This creates new industrial opportunities for the European solar value chain. The vast market prospects for solar opens an unprecedented opportunity for EU solar manufacturers. At the same time, Europe remains a world leader in the next generation of solar technologies such as Heterojunction or Perovskite-based cells, or innovative application of PV (floating solar, Building-Integrated PV, or Agri-PV).
Seeing the growing momentum for solar PV manufacturing in Europe, SolarPower Europe has launched the Solar Manufacturing Accelerator, a platform which aims to accelerate the deployment of solar PV manufacturing projects in Europe. Together with strategic partners European Solar Manufacturing Council, ETIP-PV (European Technology and Innovation Platform for PV) and IPVF (French institute for photovoltaics), the platform will support the creation of industrial partnerships and connect potential investors.
From May 2020, the Solar Manufacturing Accelerator has selected 10 leading PV manufacturing projects, which will be presented to European stakeholders during a high-level conference on 8 July. Participants include representatives of the European Commission, Andrew McDowell, Vice-President of the EIB, Claude Turmes, Minister for Energy of the Grand-Duchy of Luxembourg, and Rytis Kėvelaitis, Vice-Minister for Energy of Lithuania.