Producing a solar module in Europe with EU-made solar cells costs around €0.103 ($0.12)/W more than producing the same module in China, according to a new report.
From 2024, the EU needs to install at least 70 GW of solar per year to reach its climate targets. The European Commission calls solar the ‘kingpin’ of REPowerEU – the continent’s effort to get off Russian gas. Solar panels are even featured prominently on a REPowerEU banner at the European Commission headquarters.
In 2023 and 2024, European solar module manufacturers have faced a particular challenge due to a sharp drop in the prices of imported panels.
A report by SolarPower Europe and Fraunhofer ISE finds EU-made solar modules cost €0.103 ($0.12)/W more than Chinese imports, but targeted policies could close the gap and help reach the EU’s 30 GW annual manufacturing target by 2030.
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As part of the Clean Energy Technology Observatory (CETO), this report on Photovoltaics (PV) is built on three sections: the technology state of the art, future …
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A report by SolarPower Europe and Fraunhofer ISE finds EU-made solar modules cost €0.103 ($0.12)/W more than Chinese imports, but targeted policies could close the gap …
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