/Europe's dependence on China's photovoltaic modules is more than 80%
Europe's dependence on China's photovoltaic modules is more than 80%
2022.May20
The European Commission announced an energy plan called "RepowerEU" to rapidly promote the transition to green energy. The plan proposes to increase the overall 2030 target for renewable energy in the EU’s “55% carbon reduction” policy portfolio from 40% to 45%; establish a dedicated EU solar strategy to double solar photovoltaic capacity by 2025; 600GW installed in 2030.
Since 2021, EU member states such as Germany and Portugal have begun to raise their renewable energy installation targets. Only considering the target updates of Austria, Germany and Portugal since last year, the EU’s guaranteed bottom-line target for cumulative PV installations in 2030 is expected to be raised to 459-472GW. The agency pointed out that the European region's dependence on China's PV module supply will remain above 80% in the medium and long term. According to PVInfolink data, China will export 40.9GW of modules to the European market in 2021, a 54% increase from 26.7GW the previous year.