In view of the upcoming communication on Industrial Strategy within the context of the European Green Deal strategy, which will outline the EU’s long-term vision of industrial competitiveness, growth and innovation, Germany’s VDMA (Mechanical Engineering Industry Association), one of Europe’s largest industry associations, with its Photovoltaics Equipment business group, is the latest sign of a joint venture.

This would identify the European solar industry as a Strategic Value Chain, opening up new solar markets, such as the IPCEI Strategic Forum.

Jutta Trube, Vice Managing Director Electronics, Micro and New Energy Production Technologies & Division Manager Photovoltaic Equipment at VDMA, said: “Solar PV power generation is one of the most cost-effective sources of electricity in Europe and in many parts of the world, and will be the largest source of electricity in the near future. It is in a good position to deliver the European Green Deal, as a renewable and scalable technology. Yes, when it comes to solar, Europe has a long history, as it was European research institutes and developers which led the world in solar innovation.

In order to safeguard Europe’s energy supply security and ensure energy self-sufficiency, we need to improve European solar manufacturers ‘ industrial capability. An industrial policy for solar is therefore of vital strategic importance for a green World. “Industrial manufacturer in Europe and Germany, Peter Fath, Managing Director of RCT Solutions GmbH and Chairman of the VDMA Photovoltaic Equipment Committee commented:” European solar photovoltaic production can be profitable. A recent study by VDMA, together with the German solar research institute Fraunhofer ISE, shows that solar photovoltaic manufacturing can be highly competitive in Europe and Germany if the scale of the fab is sufficient.

As European producers of solar equipment, we at VDMA are ready to contribute to the EU’s energy and climate goals. “Walburga Hemetsberger, CEO of SolarPower Europe, said:” The industrial policy of the European Commission provides a unique opportunity for the solar industry. The EU will take global leadership on the current and next generation of renewable technology, production, and services with a new industrial policy for solar energy.

A recent JRC study found that an annual amount of gigawatt production could improve the productivity of the European manufacturing chain. With an industrial strategy in place, we can do this and create sustainable high-tech jobs in industries that can benefit from Europe’s leading solar research centres.

Source – here