China Clean Energy Sector Eyes $100 Billion in Overseas Spending

Oct. 1, 2024, 2:01 PM UTC

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.

The investments underscore the pressure Chinese manufacturers face as the US and Europe ramp up sanctions, and as a surge in domestic capacity drives down prices and ...

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