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Chinese Firms Dominate Global Wind Market But Profits Sink: Report

Wood Mackenzie’s latest report on global wind turbine original equipment manufacturers (OEMs) reveals that Chinese wind energy companies led the global market in 2024. For the first time, Goldwind, Envision, and MingYang secured the top three positions worldwide, highlighting China’s increasing influence in the sector. However, the dip in their profitability remained a concern, the […]

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Trump Entry, Chinese New Year To Mark A Turning Point On Solar Prices?

As the Chinese New Year holidays start on Jan 29, like always, the country is already preparing for the massive national holiday, which will run into the first week of February. For the Chinese solar sector, and by extension, a large part of the global solar sector, it is the post-holiday changes that will be […]

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Li-Ion Batteries: How US Firms Want To Counter Chinese Dominance

The American Active Anode Material Producers (AAAMP), an American graphite producers coalition, recently submitted a petition to the United States (US) Commerce Department  (Commerce) and International Trade Commission (ITC). The petition aims to initiate a trade investigation and impose tariffs as high as 920% on imports of natural and synthetic graphite from China used to […]

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Global Non-Chinese Inverter Firms Seek Protection Against Chinese Dominance

China’s solar demand doubled in 2023, driving significant growth in PV inverter supply. Similar to the solar PV sector, Chinese inverter manufacturers are emerging as the dominant force in the global inverter market, accounting for over half of global shipments. Since 2022, the top 5 ranks in the global inverter shipments have also been taken […]

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As Chinese Wind Turbine Makers Call Truce On Price Wars, Could Solar Follow?

In a clear indication of the extraordinary efforts being made in China to stem the losses or low profitability in its renewable energy manufacturing sectors, a conference on Wind Energy in Beijing saw 12 of the country’s leading wind turbine firms sign a truce. Four of the world’s top 5 wind turbine makers are Chinese, […]

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Chinese Provinces Seek To Build EV Momentum With Higher Incentives

China, which has built the most formidable Electric vehicle ecosystem under the very noses of global competitors over the past 15 years, is in no mood to let the advantage slip. Electric car sales, which are expected to keep rising and top 17 million units in 2024, accounting for over 20% of cars sold worldwide. […]

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