The European Commission has unveiled energy plans to double solar photovoltaic capacity by 2025

The European Commission on May 18 announced the "RepowerEU" energy plan to speed up the transition to green energy.

It proposes increasing the overall target for renewable energy in the EU's "55% reduction" policy mix from 40% to 45% by 2030; Establish a dedicated EU solar strategy to double solar PV capacity by 2025 and install 600GW by 2030; Doubling the deployment rate of heat pumps and taking steps to integrate geothermal and solar energy into modern district and public heating systems; By 2030, 10 million tons of renewable hydrogen will be produced and 10 million tons imported to replace natural gas, coal and oil used in industries and transportation sectors that are difficult to reduce carbon emissions.

The Commission also announced that the EU Cohesion Fund and the Common Agricultural Policy (CAP) could contribute 26.9 billion euros and 7.5 billion euros to the EU Recovery Measures Fund (RRF) through voluntary transfers. The European Commission will double the 2022 mass call for the Innovation Fund to about 3 billion euros this autumn. Source: Finance Union; Original title: European Commission unveils energy plan to double solar photovoltaic capacity by 2025

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