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.

Are solar panels a threat to EU energy security?

Lastly, as pointed out in a recent EPRS note on solar as a source of EU energy security, China is the dominant producer of solar PV panels, which creates a risk of a new dependency from this supplier. Source: Eurostat, 2020.

What is a photovoltaic system?

Photovoltaic (PV) is the direct conversion system that converts sunlight into electricity without the help of machines or any moving devices. It is an inexhaustible energy source. PV systems offer longer service times with minimum maintenance costs.

What is the EU solar energy strategy?

The EU Solar Energy Strategy outlines a comprehensive vision to swiftly reap the benefits of solar energy, and presents four initiatives to overcome the remaining challenges in the short-term. First, by promoting quick and massive PV deployment via the European Solar Rooftops Initiative. Second, by making permitting procedures shorter and simpler.

Why is solar energy important in the EU?

The EU’s renewable energy policies helped bring PV costs down by 82% over the last decade 2 , turning it into one of the most competitive source of electricity in the EU. Solar energy, combined with energy efficiency, protects European citizens from the volatility of fossil fuel prices.

How can solar PV products be sustainable?

In the case of solar PV products offtakers, incorporate resilience, sustainability, responsible business conduct, ‘ability to deliver”, innovation and cybersecurity considerations in their strategies, including through cooperation with manufacturers. The European Commission INTENDS to: