Solar can play a key role in EU Green stimulus package

Following the informal European Council meeting on March 26th, EU leaders adopted a statement on the EU actions in response to the COVID-19 outbreak, calling on the European Parliament and Commission to “prepare the measures necessary to get back to a normal functioning of our societies and economies and to sustainable growth, integrating inter alia the green transition and the digital transformation”.

The statement lays out recommended next steps including the development of a Roadmap and action plan by the European Commission and the President of the European Council, in consultation with other institutions such as the European Central Bank.

Walburga Hemetsberger, CEO of SolarPower Europe said: “The decision of the European Council to include the green transition as a key element of the European COVID-19 stimulus package is smart and forward-looking. Solar power, as the most job intensive, low-cost and easily deployed renewable technology can play an important role in this regard. We are collaborating closely with our members to bring forward concrete proposals with the aim of mitigating the effects of the virus on the European solar sector and boosting new investments across the entire solar industrial value chain.”

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