It is reported that the European Commission recently launched three new European cooperation projects under the Horizon Europe program, aiming to consolidate the European continent's leading position in technology, enhance industrial resilience, and promote sustainable development. These initiatives will focus on the photovoltaic, advanced materials and textile industries, and it is expected that by 2030, the joint investment of the EU and the private sector will be close to 1.1 billion euros.

Among them, the "European Photovoltaic Innovation Cooperation Project" aims to expand Europe's photovoltaic manufacturing capacity and build a more resilient supply chain, which is in line with the goals of the European Green Deal, the "RepowerEU Plan" and the 2023 Renewable Energy Directive. From 2025 to 2030, the EU and private partners will each invest up to 240 million euros to enhance Europe's position in the global solar market and reduce its dependence on fossil fuels.