SolarPower Europe: new Finance Workstream to accelerate investments in solar

5/20/20, 10:39 AM -

SolarPower Europe has launched a new Finance Workstream to help shape the agenda of the European Green Deal Investment Plan.

The European Green Investment plan offers huge opportunities for solar PV.

The European Green Deal Investment Plan will mobilise at least €1 trillion in sustainable investments over the next decade, with the aim of creating an enabling framework to facilitate public and private investments in the service of a climate-neutral, competitive, and inclusive European economy. Within this context, SolarPower Europe has launched a new Finance Workstream to help shape the agenda of the European Green Deal Investment Plan and to contribute to the development of favourable financing solutions for the European solar sector.

Accessible finance to fast-track the adoption of PV

Bryan Dufour, Strategy Manager, Renewable Energy at UL and Chair of the Finance workstream, said: “I am honoured and thrilled to be appointed as Chair of the Finance workstream. Accessible finance will be a pivotal issue to fast-track the adoption of solar PV and meet the 2050 climate neutrality goal set by the EU. Our work will also be particularly relevant as we charter the post-subsidy era, and at a time where the European power sector is rocked by new uncertainties brought by a pandemic. I look forward to work with my esteemed colleagues from the industry and deliver meaningful contributions to all of our stakeholders.”

Ensuring the quality and correct deployment of solar

Anika Giller, Director of Business Development EMEA & APAC at Clean Energy Associates and Vice-Chair of the Finance workstream, commented: "I am honored to serve as the Vice-Chair of the Finance Workstream. Ensuring the quality and correct deployment of solar and energy storage projects is critical for achieving investment confidence and to take renewables to the next stage of a post-subsidy era. I am convinced that together, we will succeed on the search for ways to overcome financial obstacles for deploying more renewable energy projects to power the European Green Deal and to reach the EU clean energy targets."

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Exchange best practices for solar financing

Merce Labordena, Senior Policy Advisor at SolarPower Europe and Coordinator of the Finance workstream, said: “Through this workstream, we will facilitate discussions between financial investors from the private and public sector, law firms, and solar project developers, to exchange best practices for solar financing. We aim to address innovative financing models, risk mitigation, and regulatory assessment, all with the aim of enabling European solar companies to maintain their global leadership role. The workstream is open to all interested companies, particularly project developers, asset owners, asset management providers, advisory firms, financial institutions, investment groups, and law firms.” (HCN)