The Dutch cupboard says it’s going to assist photo voltaic factories that produce panels with a round financial system method. It additionally allotted €296 million to assist battery manufacturing.

Energyra’s photo voltaic panel manufacturing facility is positioned in Zaanstad, within the province of North Holland, Netherlands.

Picture: Energyra

The Dutch cupboard introduced as we speak that it’s going to allocate €2.6 billion ($2.84 billion) by it The Nationwide Progress Fund to assist the creation of latest applied sciences within the fields of sustainability, power, excessive tech, digitalization, and healthcare.

The federal government says it’s going to allocate a major a part of this quantity – €412 million – to assist the manufacturing of photo voltaic modules based mostly on a round financial system method.

“The solar performs a key position within the power transition,” the federal government stated in an announcement, with out giving additional particulars on the implementation of this system. “Researchers, suppliers of uncooked supplies, building corporations and the automotive sector have come collectively to make sure that the subsequent technology of photo voltaic panels is developed right here in a completely round approach.”

Within the Netherlands, there may be presently a plan for a 3 GW photo voltaic cell manufacturing unit below the MCPV consortium consisting of 9 corporations.

The federal government has additionally allotted €296 million to assist battery manufacturing. “Massive Dutch corporations, SMEs, start-ups, and academic establishments are collaborating on round battery applied sciences constructed from different and non-critical uncooked supplies,” it additionally stated.

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