Foreign giants get involved in the battle for China's new energy market

At the “Global Think Tank Summit” sub-forum, Zhang Xiaoqiang, deputy director of the National Development and Reform Commission, stated that in the future, the Chinese government will promote the steady development of foreign direct investment (FDI) from four aspects, including encouraging foreign investment in new energy, advanced manufacturing, etc. . It has been alleged that in the past four years, foreign giants have mainly been involved in China's wind power and solar energy markets, and now they are moving toward second-generation biofuel technology and energy-saving technology markets.

Starting several years ago, many foreign giants have been secretly searching for new energy products, and wind power equipment is one of the hot spots. Global wind power equipment manufacturers "move the wind" and have accelerated the pace of entering the Chinese market.

Not long ago, as an important part of its strategy in China, GE Energy China's first wind turbine assembly plant was formally announced in Shenyang. The newly established General Electric Energy (Shenyang) Co., Ltd. is a wholly-owned subsidiary of GE Energy, and the plant will be responsible for the production of 1.5 MW fans. In the eyes of people in the industry, the establishment of a new GE fan plant is just a microcosm of global wind power equipment manufacturers in China. In fact, the current share of more than 70% of China's wind power equipment market has been monopolized by foreign manufacturers.

Under the background of the gradual depletion of conventional energy sources in the world and the rising demand for environmental protection, the development and utilization of clean energy and renewable energy are good choices. This has become the consensus of the global energy industry.

With the promotion of concepts such as energy conservation and the guidance of Chinese government policies, the demand for new energy in China will gradually increase, and the market potential in the future will not be underestimated. This is also one of the important factors for the foreign giants to take advantage of China's new energy.

In fact, the Chinese government has in recent years increased its support for the development of new energy industries in terms of laws, regulations, and policies. This is considered to be a major driving force for foreign companies to invest in China's new energy industry.

In the ten major industry rejuvenation plans that have been released, the support for new energy is reflected. The expected energy industry revitalization plan is expected to clarify the share of new energy power generation, put forward interconnection methods and technical standards related to the power grid system, and further support financial, price, taxation, and technology R&D.

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