Wind energy: Chinese competition growing

After Russia’s invasion of Ukraine, the EU wants to accelerate the expansion of renewable energies. But Europe’s wind energy industry is in crisis, with Chinese suppliers now pushing into the market. Is there a threat of another debacle like the one in the solar industry?

The European Union wants to expand renewable energies faster as a result of the Russian war in Ukraine. And wind energy plays a major role. By 2030, 480 gigawatts of wind capacity are to be connected to the grid. Before the Ukraine shock, only 450 gigawatts were projected. The 2030 target has thus been increased by an additional 30 gigawatts. So these are golden times for the European wind energy industry – one might think. But the competition from China is pushing stronger on the global market and could profit from Europe’s wind power expansion. The European industry is therefore already warning of a loss of market share. However, a repeated disaster like the complete elimination of the German solar industry by overwhelming competitors from the Far East is not to be expected.

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