Bill that supports local clean energy manufacturing has sparked a rush to open factories in the US. Read more at straitstimes.com.
WASHINGTON - China’s leading renewables firms are joining the rush to open factories in the United States after Washington passedSome of the nation’s top solar panel makers are involved in setting up American plants, while the Chinese company that makes the world’s largest wind turbine, Ming Yang Smart Energy Group, is exploring whether to establish production and research facilities there.
The company has not announced any US plans yet, but three of its clean energy peers are in the process of building their presence there: JA Solar Technology Co. in Arizona, Longi Green Energy Technology Co. in Ohio, and Jinko Solar Co. in Florida. That is due to Washington’s increasingly adversarial approach to Chinese firms, according to Li Junfeng, managing director of the China Energy Research Society, a government-affiliated think tank. He cited the scrutiny faced by battery maker Contemporary Amperex Technology Co. over its recent tie-up with Ford Motor Co., as well as the furore linked to national security concerns that has erupted over social-media platform TikTok.
Cleantech is assuming a strategic importance as it becomes the world’s biggest source of new energy. China’s advantage means that governments elsewhere are trying to chip away at its dominance by carving out their own supply chains. But Beijing is fighting its corner, albeit in ways that could undercut the industry’s pleas for fair treatment from US authorities.
China is scared of being cut off from key technologies, but other countries have the same fear, he said. One answer is to “encourage Chinese companies to build factories abroad”.Trade barriers
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