Europe to invest 1,235 million Euros in R&D for PV technology

07/06/2010 09:10 Renewable

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The European Photovoltaic Industry Association and the European Photovoltaic Technology Platform presented a plan at the SET Plan Conference in Madrid on June 3rd and 4th to support reaching competitiveness in the sale prices for residential and commercial customers.

The plan will aid getting solar energy 12 percent of the power demand in the European Union in 2020. An investment of about 1,235 million Euros in R&D would be required during the next three years as to raise the competitiveness of the photovoltaic technology, with about 60% of the whole being put in by the private sector and the other deriving from the European Commission and the European countries.

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