It now owns five of the world’s six largest solar-module manufacturing firms and the largest wind-turbine manufacturer
China is cementing its global dominance of renewable energy and supporting technologies, aggressively investing in them both at home and around the globe, leaving countries including the US, UK and Australia at risk of missing the growing market.
A report by the Institute for Energy Economics and Financial Analysis (Ieefa) found China’s dominance in renewables is rapidly spreading overseas, with the country accelerating its foreign investment in renewable energy and supporting technologies.
Related: China to generate a quarter of electricity from wind power by 2030
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