The International Solar Manufacturing Initiative (ISMI) was launched in Brussels in the presence of representatives from the European Commission and the European Investment Bank, with a statement of support from eight European solar manufacturers.
EU Clean Industrial Deal: Opportunity for renewables and European manufacturing
Máté Heisz, Director of Global Affairs at SolarPower Europe said; “EU legislation, like the Net-Zero Industry Act, and the new European competitiveness agenda is driving demand for resilient solar products at home. ISMI is set to complete the picture by driving demand for European products and expertise abroad, while simultaneously helping Europe’s partners to deliver their economic and sustainability goals.”
Key goals of the initiative
ISMI has four key goals:
1. Supporting European solar manufacturing companies in tapping into the enormous global clean-tech demand pull.
2. Advocating for export and development cooperation policies that will boost European competitiveness and the development goals of EU partner countries.
3. Working to secure public financing from the EU Global Gateway strategy, European Development Finance Institutions (DFIs) and Export Credit Agencies (ECAs) to realise concrete manufacturing projects and export opportunities.
4. Building a stronger and more resilient global solar PV supply chain.
Eight European manufacturers participate – more to come
The first participants in ISMI include solar manufacturers based in five European countries (IT, ES, FR, DE, CH), who are active amongst several steps in the value chain including manufacturing equipment, solar modules, mounting systems, inverters, as well as system connection solutions.
Following companies have signed the launch statement of the initiative so far: Ecoprogetti, Holosoli, K2, Mondragon, SMA, Staubli, Unex and Weidmuller. „We expect to add more in coming weeks and months“, Bethany Megan, spokeswoman of SolarPower Europe told pv Europe.
Mobilise up to €300 billion of investments
Through ISMI, SolarPower Europe will act as a facilitator between the EU Global Gateway strategy, DFIs, and ECAs to secure public financing and access to global markets for European solar manufacturers.
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Between 2021 and 2027, the Global Gateway strategy will mobilise up to €300 billion of investments. This will allow EU partners to develop their societies and economies, but also create opportunities for the EU Member States’ private sector to invest and remain competitive, whilst ensuring the highest environmental and labour standards, as well as sound financial management. (hcn)
