2 Feb, 2023

Green Deal Industrial Plan

The European Commission has released its Green Deal Industrial Plan based upon four pillars aimed at scaling up domestic manufacturing capacity for net-zero technologies.

The plan – which was first announced during the World Economic Forum in Davos earlier this year – will be based on four pillars: a predictable and simplified regulatory environment, faster access to funding, enhancing skills and open trade for resilient supply chains.

Ursula von der Leyen, President of the European Commission, said: “We have a once in a generation opportunity to show the way with speed, ambition and a sense of purpose to secure the EU’s industrial lead in the fast-growing net-zero technology sector. Europe is determined to lead the clean tech revolution. For our companies and people, it means turning skills into quality jobs and innovation into mass production, thanks to a simpler and faster framework. Better access to finance will allow our key clean tech industries to scale up quickly.”

Solar PV has become by far the cheapest form of electricity generation in most countries across the world, leading to strong solar uptake in recent and coming years. In Europe, the market is currently on track to reach the EU Commission’s REPowerEU strategy target of 750 GWdc installed solar by 2030, up from 210 GWdc today. 

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