News /
EU and U.S. alliance to combat climate change
2022-12-24
The European Solar PV Industry Alliance (ESIA) was officially launched on Dec. 9, with its goal of reaching 30 GW of committed European solar PV manufacturing capacity by 2025 across all value chain segments. With the backing of the European Union, this move is seen as a way to reduce supply chain dependencies and help phase out fossil fuels in order to combat climate change.
In response to the U.S.'s Inflation Reduction Act which incentivizes domestic manufacturing within the solar value chain, Enel Green Power announced plans for a 3 GW cell and module plant in America, while their subsidiary 3Sun operates a 200 MW solar facility in Italy with intentions to expand it up to 3 GW.
At a recent meeting between U.S. and European leaders, a joint statement was issued to address the EU's concerns about the climate law with a new Transatlantic Initiative for Sustainable Trade in order to promote shared objectives. Secretary of State Antony Blinken emphasized President Joe Biden's commitment to work with European counterparts while Valdis Dombrovskis, the European Union commissioner for trade, expressed optimism following the discussion.
The U.S.'s Inflation Reduction Act provides incentives concerning module assembly as well as cell production, wafer production, polysilicon manufacturing and backsheet creation. Jochen Hauff of BayWa r.e., believes that this initiative shows there is progress towards softening State Aid rules in order to revive Europe's PV value chain.
The ESIA aims to further develop the European solar PV industry through increased production while at the same time reducing environmental footprints. With the help of this alliance, it is hoped that Europe will be able to make significant strides towards a green energy future.
There is no doubt that a transformation in Europe's solar industry needs to take place in order for it to become more competitive on a global scale. The formation of the European Solar PV Industry Alliance (ESIA) is designed to bring about this change and achieve its goal of reaching 30 GW of committed European solar PV manufacturing capacity by 2025 across all value chain segments. This comes days after U.S. and European leaders met to discuss the impact of America's Inflation Reduction Act and the potential for sustainable trade in order to support shared climate goals.
It will be interesting to see how this progresses over the next few years, as Europe continues its journey towards a clean energy future.
The European Solar PV Industry Alliance (ESIA) was officially launched on Dec. 9, with its goal of reaching 30 GW of committed European solar PV manufacturing capacity by 2025 across all value chain segments. With the backing of the European Union, this move is seen as a way to reduce supply chain dependencies and help phase out fossil fuels in order to combat climate change.
In response to the U.S.'s Inflation Reduction Act which incentivizes domestic manufacturing within the solar value chain, Enel Green Power announced plans for a 3 GW cell and module plant in America, while their subsidiary 3Sun operates a 200 MW solar facility in Italy with intentions to expand it up to 3 GW.
At a recent meeting between U.S. and European leaders, a joint statement was issued to address the EU's concerns about the climate law with a new Transatlantic Initiative for Sustainable Trade in order to promote shared objectives. Secretary of State Antony Blinken emphasized President Joe Biden's commitment to work with European counterparts while Valdis Dombrovskis, the European Union commissioner for trade, expressed optimism following the discussion.
The U.S.'s Inflation Reduction Act provides incentives concerning module assembly as well as cell production, wafer production, polysilicon manufacturing and backsheet creation. Jochen Hauff of BayWa r.e., believes that this initiative shows there is progress towards softening State Aid rules in order to revive Europe's PV value chain.
The ESIA aims to further develop the European solar PV industry through increased production while at the same time reducing environmental footprints. With the help of this alliance, it is hoped that Europe will be able to make significant strides towards a green energy future.
There is no doubt that a transformation in Europe's solar industry needs to take place in order for it to become more competitive on a global scale. The formation of the European Solar PV Industry Alliance (ESIA) is designed to bring about this change and achieve its goal of reaching 30 GW of committed European solar PV manufacturing capacity by 2025 across all value chain segments. This comes days after U.S. and European leaders met to discuss the impact of America's Inflation Reduction Act and the potential for sustainable trade in order to support shared climate goals.
It will be interesting to see how this progresses over the next few years, as Europe continues its journey towards a clean energy future.