European Solar Initiative BIP
Developing a European Solar Initiative
About the European Solar Initiative BIP
The Business Investment Platform (BIP) is a unique platform for key stakeholders along the entire solar photovoltaic value chain to accelerate transactions between investees and investors.
€40 billion of front-loaded investment in photovoltaic production capacity is required to reach Europe’s targets for renewable energy supply. As per the “Fit for 55” and NECPs targets, it is anticipated that an additional 20 GW per year of solar photovoltaic will be required. This is a unique opportunity to strengthen our value chain. To bridge the gap between investors and investees, EIT InnoEnergy has co-designed a Business Investment Platform (BIP) together with financial institutions – public and private – and several core industrial partners.
The Solar Photovoltaic BIP selects high potential industrial projects to de-risk, accelerate and finance, by mobilising known risk and debt investors, PV ecosystem players and off takers. It mirrors the success of the European Battery Alliance (EBA) BIP, also run by EIT InnoEnergy.
In summary, the goal is to enhance the robustness of the investment cases, and so the objective of the BIP is to:
Shorten the time to investment
Reduce business risk for the investee
Reduce investment risk for the investor
The main tools the BIP will deploy to achieve the above targets are:
Promotion and co-creation of industrial projects across the value chain
Building connections with other industrial and energy value chains
Acceleration of technology development
Stimulation of market growth
Societal acceptance
