China Is Quietly Winning the Clean Energy Trade War
Equinor Pulls Out of Japan’s Offshore Wind Market Haley Zaremba is an energy journalist and researcher with more than a decade of professional experience covering global energy systems, land and natural resources, and… China’s clean energy dominance is growing.
Buoyed by the skyrocketing energy needs and future projected demands of the artificial intelligence boom, clean energy projects are getting greenlit at a breakneck pace.
And those projects depend on cheap Chinese clean energy components, as Beijing has near-total control of global supply chains for clean energy tech including solar panels and lithium-ion batteries for electric vehicles as well as energy storage systems.
As a result, Chinese clean energy exports are going gangbusters in virtually every corner of the globe, from the poorest counties in the Global South to the richest nation in the world.
Despite the Trump administration's best efforts to put America first when it comes to energy production, customs data from last month shows that exports of clean energies from China to the United States are growing at a rapid clip.
Exports of the photovoltaic cells that make up solar panels surged 346 per cent year on year to reach US$39.96 million, lithium-ion batteries rose 20.8 per cent year on year to reach US$780 million, and export values of lead-acid batteries increased 151 per cent year on year to reach US$6.72 million, according tofiguresfrom the South China Morning Post.
A recentreportfrom nonpartisan news outlet Semafor remarks that this development is a reflection of several factors: improved diplomacy between the U.S.
and China, hyperscalers, and the war in Iran.
SetOilPrice.comas a preferred source in Googlehere.
The United States’ and Israel’s war in Iran has caused enormous and potentially permanent shifts in global supply chains and international energy security strategies.
Before the war began in February, one-fifth of the world’s crude oil and oil products flowed from the Middle East through the Strait of Hormuz to reach shipping lanes to the rest of the globe.
The overnight closure of the Strait has led to extreme turmoil in global oil and gas markets, leaving import-dependent nations extremely vulnerable to price shocks and supply shortages.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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