January 22, 2021
The EU could benefit from clean, efficient lighting technologies like solar
Solar technologies present a unique opportunity for European Union recovery plans, according to lighting company Signify
In response to the economic fallout from Covid-19, the Union proposes a major recovery plan for the continent with a key focus on adapting to the digital age and investing in cleaner and more resilient technologies for the future.
Signify, formerly Philips Lighting, argues that Europe can leapfrog directly to solutions like solar as part of its Green Deal, dubbed as “Europe’s Man on the Moon moment” by European Commission president Ursula van der Leyen.
According to Allied Market Research the global market solar energy was US$52.5 billion in 2018 and is set to grow to US $223.3 billion by 2026, vastly accelerating the scale of renewables. One of the fastest growing solar technology segments is street lighting.