New Energy
China Clean Energy Sector Eyes $100 Billion in Overseas Spending
China spent $676 billion on its energy transition last year, more than double any other nation.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China’s world-leading clean energy companies are investing more abroad amid fierce domestic competition and trade tensions with rivals like the US, according to a report by Climate Energy Finance.
From solar farms and battery factories to hydroelectric dams and transmission lines, Chinese firms have announced plans for an estimated $100 billion in clean technology spending overseas in the past two years, the Sydney-based think tank said in the report released Wednesday.