EU's new policy on solar energy

According to the European Green Deal and the 2030 Climate and Energy Framework, the two "green deals" will promote the development of renewable energy and strategic goals such as emission reduction and energy transition.

The European Climate Law mentions that the EU's renewable energy share should reach 40% by 2030, with a total installed capacity of over 500 GW. With the support of the European Green Bond Market, direct subsidies and tax reductions will be provided for solar projects, promoting their implementation.

In this context, the EU may introduce new policies to simplify the approval process for solar projects, such as simplifying environmental impact assessments and reducing government approval times. It will also support the application of BIPV, incentivizing the installation of PV on existing buildings and increasing financial support for households and businesses installing photovoltaic systems.

In addition to strengthening policy and financial support, the EU will focus on strengthening domestic photovoltaic manufacturing, researching new types of solar panels, improving the conversion efficiency of panels while reducing installation and manufacturing costs. Solar, wind energy, and hydrogen energy will complement each other in the European electricity system, forming a more flexible and reliable energy supply system.

The EU’s solar policies are aimed at vigorous promotion, not only simplifying processes, increasing financial support, and building related industries, but also researching next-generation solar panels. The EU holds significant market potential for PV.

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