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China Clean Energy Giants Poised to Help EU Ditch Russian Fuel

Photovoltaic panels at a solar farm in China.

Photovoltaic panels at a solar farm in China.

Photographer: Qilai Shen/Bloomberg

Europe’s wartime plan for a faster transition to clean energy as it seeks to replace Russian fossil fuels will provide a boost to the order books of China renewable manufacturers.

Europe will ramp up wind and solar power installations, adding 900 gigawatts between now and 2030, according to the REPowerEU plan announced Tuesday. That’s nearly double what it was expected to add, Morgan Stanley analysts said in a Wednesday note.