European Solar Initiative by EIT InnoEnergy
“Enabling strategic value chains which accelerate the energy transition is at the core of EIT InnoEnergy’s mission. This ESI for the PV industry would be our third, after batteries (EBA) and hydrogen (EGHAC). The mix of National Energy and Climate plan demand, low cost of capital, notable successes in European technology development and a return of investment into the sector has created fertile ground for a rebirth of European PV. Europe has learnt from its previous experiences and with the Green Deal’s powerful, unambiguous political and business framework in place, scale and speed are going to be the key to unlocking PV’s potential.” — Diego Pavia, CEO of EIT InnoEnergy
What is European Solar Initiative?
EIT InnoEnergy and SolarPower Europe are together helping to redevelop the photovoltaics (PV) value chain in Europe by launching the European Solar Initiative (ESI). The ESI’s aim is to accelerate Europe’s climate agenda and economic recovery, contributing to the delivery of the European Green Deal objectives.
The ESI aims to redevelop a strong PV manufacturing industry in Europe — from raw materials to recycling — enabling the capture of the additional 20GW of annual solar demand that is forecast in Europe over the next decade.
This will generate €40 billion of GDP annually and create 400,000 new direct and indirect jobs across the PV value chain.
The ESI combines the thriving ecosystem of PV players created over the years by SolarPower Europe and the successful blueprint of the European Battery Alliance, led by EIT InnoEnergy, with its Business Investment Platform (BIP).
Learn more about European Batter Alliance (EBA)here:
The European Battery Alliance (EBA) by EIT InnoEnergy
The need for efficient batteries is growing fast, and for Europe, a domestic battery value chain is vital for a clean…
Learn more about Business Investment Platform (BIP) here:
Solar Manufacturing Accelerator:
SolarPower Europe has launched the “Solar Manufacturing Accelerator”, a platform aimed at accelerating the deployment of solar PV manufacturing projects in Europe as a critical milestone to strengthen the EU’s leadership in Clean Energy Technologies and contribute to the re-industrialization of Europe.
The ‘Solar Manufacturing Accelerator is an initiative coordinated by SolarPower Europe with the support of its strategic partners ESMC, ETIP-PV, IPVF, and VDMA.
It is open to all companies and organisations interested in developing or partnering on solar manufacturing projects.
The platform will cover a broad portfolio of European solar manufacturing projects by identifying partners and reaching out to financial investors, with an overall goal of increasing the number of solar PV manufacturing projects in Europe and contributing to the success of the European Green Deal.
Learn more here: https://europeansolarinitiative.eu/#accelerator
Business Investment Platform
The Solar Business Investment Platform is a unique platform that accompanies the development of comprehensive and competitive solar PV manufacturing projects in Europe and bridges the gap between project developers and investors. By applying to join the platform, project developers will be accompanied in the maturation of their project and in reaching out to financiers.
Designed with public and private financing institutions and core industrial players, the platform draws on the successes of the European Battery Alliance investment platform launched by EIT Innoenergy in 2019 and on the experience of the Solar Manufacturing Accelerator initiative.
Learn more here: https://europeansolarinitiative.eu/#investment
Thanks to a combination of factors including national energy and climate plan demand, low cost of capital, success stories across European technology development, and return on investment, the European PV sector is gaining in strength and the ESI will help unlock its potential.