EXPLAINER-China's dominance in wind turbine manufacturing [Yahoo! Finance]
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Source: Yahoo! Finance
destined for Europe, the bloc's anti-trust commissioner, Margrethe Vestager, has said. Tuesday's move is the latest in a growing effort in both Europe and the United States to shield domestic clean energy industries from cheap Chinese imports, which authorities say benefit from anti-competitive state subsidies. Washington would not accept U.S. industry being "decimated" by China's excess industrial capacity in key products such as EVs, batteries and solar panels, U.S. Treasury Secretary Janet Yellen warned during a visit to China this week. Here is what we know about China's wind power industry. HOW BIG IS IT? China has by far the world's biggest wind turbine production capacity, or 60% of 163 gigawatts (GW) in 2023, says Brussels-based industry association Global Wind Energy Council. Production capacity in Europe and the United States, by contrast, stood at 19% and 9% respectively. China exported about $1.42 billion of turbines and components to the EU last year. Its
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