The European Commission (EC) has launched a new strategy to address the fossil fuel energy crisis in the Middle East and accelerate the “shift to homegrown, clean energies”, said EC president Ursula von der Leyen.
Solar PV accounted for more than a quarter of total global energy demand growth in 2025, becoming the single largest contributor to new energy supply, according to the International Energy Agency.
The EU’s Economic Security Doctrine has identified solar inverters as a high-risk dependency, a move which the European Solar Manufacturing Council (ESMC) has lauded.
According to a report from the International Renewable Energy Agency (IRENA), the global levelised cost of electricity (LCOE) for solar PV reached US$0.043/kWh in 2024.