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The EU has agreed in principle a non-binding 40 percent self-sufficiency benchmark for solar panels and other identified strategic technologies, to be approached or achieved by 2030. However, for the solar sector

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International trade in products related to green energy

In 2023, the EU imported solar panels to the value of €19.7 billion, liquid biofuels to the value of €3.9 billion and wind turbines worth €0.3 billion (see Figure 1). The EU import values of solar panels and liquid biofuels in 2023 were much higher

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Executive summary – Solar PV Global Supply Chains

China has invested over USD 50 billion in new PV supply capacity – ten times more than Europe − and created more than 300 000 manufacturing jobs across the solar PV value chain since

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Photovoltaic industry to get further policy boost

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European Solar Charter

European Solar Charter. The European Solar Charter, signed on 15 April 2024, sets out a series of voluntary actions to be undertaken to support the EU photovoltaic sector. Solar energy, in particular photovoltaics

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FAQs 6

Will China restrict solar-panel exports to certain countries?

The first is the economic risk that China might in the future make use of its predominant position in global solar PV manufacturing to distort the market and artificially obtain additional economic rents. The second is the geopolitical risk that China might restrict solar-panel exports to certain countries to pursue geopolitical goals.

How does the EU support the European solar PV manufacturing sector?

Over the last years, the EU has taken initiatives to strengthen its support to the European solar PV manufacturing sector, which includes several globally competitive companies in several steps of the value chain.

Should solar panels be imported?

However, for the solar sector specifically, there is no strong economic justification for an import-substitution approach. Such a strategy risks increasing the costs of solar panels, slowing deployment and creating industries that are over-reliant on subsidies.

Is there public support for solar PV Manufacturing?

The solar industry encompasses so many manufacturing processes that the concept of ‘public support for solar PV manufacturing’ is an oversimplification. The production of a solar panel begins with quartz (SiO2), commonly found in sand. This is transformed into polysilicon by an energy-intensive process of melting and purification.

What was the EU export value of solar panels in 2023?

The EU import values of solar panels and liquid biofuels in 2023 were much higher than the corresponding EU export values which were €0.9 billion for solar panels and €2.2 billion for liquid biofuels. By contrast, the EU export value of wind turbines in 2023 (€2.0 billion) was much higher than the corresponding value for imports.

Could China impose trade restrictions on solar panels?

Imposing trade restrictions on Chinese solar panels would lead to higher costs, slowing deployment of panels and, possibly, a net-negative job effect. That would occur if more jobs were lost from a slowing of deployment than new jobs were created in possible new manufacturing facilities.

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