After being selected to serve as the Secretariat for the EU Solar Photovoltaic (PV) Industry Alliance, EIT InnoEnergy, which is a sustainable energy innovation engine, will contribute to the delivery of an additional 30GW of solar manufacturing capacity in Europe by the year 2025. The goal of the Alliance and the European Commission is to establish an industry that will be able to supply the increased capacity, which will result in an increase of €60 billion in annual GDP in Europe and the creation of more than 400,000 new jobs (direct and indirect).
EIT InnoEnergy will serve as the leader of the Alliance in its efforts to redevelop, de-risk, and expedite the photovoltaic (PV) business in Europe in order to accomplish the goals of the EU Solar Strategy. This will help to develop a competitive position in the midst of the skyrocketing demand for solar photovoltaic cells not only in Europe but all around the world. In order to realize these goals, the Alliance will adhere to a seven-point strategic action plan that addresses the essential factors that must be satisfied before investments can be made in photovoltaic manufacturing facilities in Europe.
This includes determining the obstacles in the manufacturing scale-up process and easing access to financial resources. In addition to this, it will assist in the growth of international partnerships and the resilience of global supply chains. This will help offer a framework for cooperation measures for the development and uptake of the framework. On the steering committee for the partnership are EIT InnoEnergy, as well as SolarPower Europe and the European Solar Manufacturing Council.
The Chief Executive Officer of EIT InnoEnergy, Diego Pavia, had this to say about the appointment: “We are honored to be given the responsibility of directing the activities of the EU Solar PV Industry Alliance.” We will now do for solar PV what we have done for batteries through our work on the European Battery Alliance. Leveraging our robust industrial value chain blueprint and network of stakeholders, we will work toward the goal of achieving rapid development of manufacturing projects across the solar PV value chain for the benefit of EU citizens.