Can Europe''s solar industry close the cost gap with China?
The study, titled Reshoring Solar Module Manufacturing to Europe, reveals that producing a solar module in the EU with Europe-made cells currently costs around 10.3 ct
A report by SolarPower Europe and Fraunhofer ISE finds EU-made solar modules cost €0.103 ($0.12)/W more than Chinese imports, but targeted policies could close the gap and help reach the EU's 30 GW annual manufacturing target by 2030.
Producing a solar module in Europe with EU-made solar cells costs around €0.103 ($0.12)/W more than producing the same module in China, according to a new report.
The Reshoring Solar Module Manufacturing to Europe report, by SolarPower Europe and the Fraunhofer Institute for Solar Energy Systems (ISE), says the gap is caused by higher costs for equipment, materials, labour, buildings and facilities.
The report says the cost gap between European-made and Chinese-imported solar can be reduced to below 10% with the right mix of policies, including combining Capex and Opex schemes under output-based support schemes.
PDF version includes complete article with source references. Suitable for printing and offline reading.
Download detailed product specifications, case studies, and technical data for our off-grid PV containers and mobile energy storage solutions.
15 Innovation Drive
Johannesburg 2196, South Africa
+27 87 702 3126
Monday - Friday: 7:30 AM - 5:30 PM SAST