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European Solar Charter Strengthens Support for Solar Sector

by Krystal

Today, the European Commission is intensifying its efforts to bolster the solar sector in Europe with the introduction of the European Solar Charter. Signed during the informal Energy Council meeting by the Commission, represented by EU Commissioner for Energy Kadri Simson, along with energy ministers from 23 EU countries and industry representatives, the charter outlines voluntary actions aimed at bolstering the EU photovoltaic (PV) sector.

Commissioner Kadri Simson highlighted the significance of the charter, emphasizing the commitment of signatories to uphold the competitiveness of the European PV manufacturing industry. She underscored the importance of promoting the development of a market for high-quality products that adhere to stringent sustainability and resilience standards, aligning with the EU’s climate and energy objectives. Key elements outlined in the charter include the early implementation of relevant provisions in the Net-Zero Industry Act, focusing on the utilization of non-price criteria in renewable energy auctions, public procurement, and other pertinent support schemes.

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The European Solar Charter represents the Commission’s latest initiative to bolster solar panel manufacturing within Europe. Prior measures include the proposal for a Net-Zero Industry Act, now provisionally agreed upon by co-legislators, and the establishment of the European Solar Photovoltaic Industry Alliance. These efforts are aimed at ensuring a symbiotic relationship between the green transition and Europe’s industrial goals, facilitating the accelerated deployment of renewables while enhancing sector competitiveness and fostering the creation of green jobs.

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Background

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The rapid and widespread deployment of renewable energy, particularly solar energy, is imperative for achieving the EU’s 2030 target of at least 42.5% renewable energy, with aspirations to reach 45%, and the 2050 climate neutrality objective.

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Solar energy, particularly photovoltaics, currently stands as the fastest-growing renewable energy sector in the EU, witnessing record annual installations over the past three years, with approximately 28 GW in 2021, 41 GW in 2022, and 56 GW in 2023.

However, despite this growth, a significant portion of the demand for solar modules in Europe is met through imports, with China accounting for 97% of imported solar panels into the EU.

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