Investing in European solar power projects

What is the EU doing with solar energy?

The EU funds many solar cell projects, such as the PERTPV project, in which perovskite-based materials were used to build a new type of solar cell. Photovoltaic technology is becoming more widely used worldwide. Year after year, photovoltaics make up a bigger share of the EU’s energy mix.

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 should European governments invest in solar power?

Grid resiliency and innovations in consumer participation are other key advancements that make investing in solar capacity more appealing to European governments and private investment. Progress can be slow though, with interconnection capacity between EU countries only moving from 9% to 10.5% between 2015 and 2020, for example.

How can the EU boost solar energy?

EU measures to boost solar energy include making the installation of solar panels on the rooftops of new buildings obligatory within a specific timeframe, streamlining permitting procedures for renewable energy projects, improving the skills base in the solar sector and boosting the EU's capacity to manufacture photovoltaic panels.

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.

Will Europe have a solar energy future?

A factor that may seem obvious for the future of European solar energy that hasn’t materialised in a strong correlation yet, is climate. Despite already impressing with its renewable energy numbers and being far from Europe’s sunniest country, Germany leads solar capacity by some distance.