Forging a Euro supply chain
The huge effort needed to build a PV sector to compete with China is daunting but not without hope, thanks to initial carbon footprint advantages. McKinsey & Company analysts explain how a European solar manufacturing renaissance need not remain an impossible dream.
With Europe targeting 750 GW of solar generation capacity this decade – to meet climate goals, support electrification, decarbonize the grid, and help achieve energy self-sufficiency – the 26 GW of solar installed in 2021 will have to reach 70 GW annually from 2025 to 2030.Right now, solar imports come almost entirely from China and …
Advertisement
Advertisement
Advertisement
Advertisement