The EU passed the “Net Zero Industry Act” on May 27th, which not only signifies a solid step forward in Europe’s efforts to combat climate change and promote the green transformation of industry, but also has a profound impact on the local photovoltaic manufacturing industry. According to the plan outlined in the act, by 2030, the EU will achieve at least 40% of its photovoltaic manufacturing capacity in order to meet the growing demand for clean energy and to reduce over-reliance on external supply chains.
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