To meet a target set by the EU’s Net ZeroIndustryAct (NZIA) of having 40% of the ... The NZIA also sets a target of the EU having a share of the global production of PV components above 15% by 2040.
Production has begun at a battery energy storage system (BESS) factory designated as a project of strategic importance by the European Commission (EC) due to its use of local supply chains ....