The Green Deal Industrial Plan was announced by European Commission.
This plan is a response to both the Russian invasion of Ukraine and other global renewable energy legislative commitments like the US’ Inflation Reduction Act (IRA).
The first pillar will see the introduction of the Net-Zero Industry Act
The second pillar of the plan as outlined by the speech will boost investment and financing for clean tech production and manufacturing.
The Green Deal Industrial Plan is a significant moment for European solar manufacturers.