October 20239their core business investments but evaluate them as real estate assets, so investment hurdles should go down.The financial support is not needed anymore and should shift towards the sustainability standards we wish to achieve in Europe. In defining these standards, Europe should consider CO2 emission values for producing PV modules and include/quantify social responsibility norms. This will put local/European manufacturers in favor forcing them to respect social rules and environmental behavior we wish to get applied in the world. For some equipment, this will push European manufacturing by increasing some hurdles for import. You can think about inverters and transformers with high value and technical complexity. I am not convinced that Europe will ever be able to take over the module production (new sand mines to be permitted to produce polysilicon, large scaled factories for wafers). Still, it might create incentives to improve Social Responsibility and awareness about environmental behavior from the Chinese suppliers. A second European hurdle is the technical requirements imposed by the grids. In every country, a different set of technical rules is applicable. There are IEC norms on which equipment must comply, but the features to be provided in the global E-design seem to vary in every country. The EPC contractors are hesitating to cross some internal European barriers because, in every country, you need a specific partner with local knowledge about the grid. Some harmonization should be obvious as many of the grids face the same problems of congestion, concentration of renewable assets and pollution of the grid. As the European grid is physically interconnected, cooperation between the national grids is more complicated by applying different rules for renewable assets, curtailment rights and obligations regarding the delivery of reactive power to optimize power quality.A more aligned regulation could speed up the growth of PV and renewables in Europe. It might create a more standardized volume market, leading to more competitiveness of the PV installations.If Europe really wants to succeed in its Green Deal with a European renewable manufacturing industry behind it, there should definitely be much more "Europe" in place. This specific PV industry has become a commodity volume market where small niches can never survive without costly support. It will never lead to the boost of investments needed to reach our Climate targets. A more aligned regulation, might speed up the growth of PV and renewables in general, in Europe. It might create a more standardized volume market which can lead to more competitiveness of the PV installations
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