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China’s Solar Firms Poised to Benefit From EU’s Energy Plan

  • US trade frictions leave Europe as their top export market
  • Ship delays to continue even after Shanghai lockdown eases

Chinese renewable power companies are poised to benefit from the European Union’s plan to cut its reliance on Russian energy.

Some of China’s, and therefore the world’s, biggest solar manufacturers, such as Longi Green Energy Technology Co. and Jinko Solar Co., have been forced to divert panels away from the US as shipments get snarled up in trade frictions with Washington. That’s left the EU, where there are no such obstacles, as the single largest market for Chinese firms, accounting for 46% of exports in 2021, according to Morgan Stanley.