ESMC demands €20 billion to restore the European PV value chains and industries
Post date: 14/04/2021 - 11:02
»Now there is a momentum for Europe not only to ensure enough of PV installations as a part of the green transformation, but also to create favorable conditions for PV manufacturing to benefit from added value in Europe,« says the European Solar Manufacturing Council (ESMC). By creating an opportunity for the PV industry to supply the European market, »Europe can once again take control of its energy transition and improve its resilience.«
ESMC believes that 75 percent of European PV installations should be manufactured in Europe, and two thirds of the production exported outside Europe. This would amount to about 60 GW manufacturing capacities and its full production utilization in Europe by 2026. The current €10.5 billion trade deficit of PV cells and modules should »be transformed into local PV manufacturing value of about €50 billion by 2026, secondly, around 178,000 additional jobs would be created by 2026 goods.«
In 2019, Europe only produced about 11 percent of the PV silicon, 1 percent of ingot and wafers, only 0.4 percent of the cells and 4 percent of the modules in a global context. »As Europe currently has about 15 percent of the global installation market, it is clear that European manufacturing only contributes to a fraction of the continents demand for PV installations, while maintaining a high standard both in terms of climate footprint and quality,« says Johan Lindahl, ESMC Secretary General. »The combination of European Green Deal targets, a post-Covid-19 environment and the EU Recovery and Resilience Facility (RRF) creates unique opportunities for Europe to strengthen and restore the PV value chains and industries.« Financial funds of €20 billion »would ensure a real breakthrough for the European PV manufacturing industry.«
The European Recovery and Resilience Facility aims to make €672.5 billion in loans and grants available to support reforms and investments undertaken by Member States. The RRF entered into force on 19 February 2021.