A few days ago, the European Commission announced the details of the “REPowerEU” energy plan. EU countries and, above all, to promote the diversification of energy supply. The EU has announced a budget of 300 billion euros to speed up this process!
Clean energy is an essential production for Europe and its development should promote economic recovery. Since the end of the 20th century, Europe has vigorously developed these renewable energies and has long maintained world leadership in the research and development of these technologies.
With the advancement of the “REPowerEU” energy plan, the EU will further increase its investments in wind energy, photovoltaics and other areas; which has contributed to the importance of the clean energy industry in the EU economy and will accelerate the recovery of the EU economy.
In addition, rising prices of traditional energies such as crude oil and natural gas have lowered the relative price of clean energy, providing favorable conditions for expanding the scope and usage scenarios of energies. In the long term, the development of clean energies can facilitate the replacement of traditional energies and play a role in stabilizing the world price of energy.
An opportunity for China?
On the other hand, the green transformation of the economy is also important for China to gradually achieve sustainable development at home and promote the recovery of the global economy.
China and Europe therefore share the same objectives in the energy field. They complement each other technologically and share broad cooperation prospects.
At the European Hydrogen Energy Conference 2022 held in Madrid, capital of Spain, on May 18, Jose Antonio Borque, technical director of French company Technip Energy, said that China is in in the process of producing hydrogen in large quantities and managing both its storage and its transport.
Technip maintains close relationships with many electrolyser manufacturers in China. Remember that electrolyzers produce hydrogen economically from water. air transport, for industry, but also for domestic heating. In short, hydrogen seems set to be at the heart of the ecological transition strategy for the coming decades.
Angel Rodriguez, head of the renewable energy department of Spanish group Elekno, also said that they cooperate with many Chinese companies in the photovoltaic sector.
Cooperating to meet ecological challenges
Compared to traditional energy, new energies still have technical difficulties in acquisition, storage and transport. China and the EU should strengthen scientific research cooperation in cutting-edge technology fields such as energy storage, heat pump and carbon capture, and jointly promote innovative development. of the green economy.
At the same time, European companies are also showing strong interest in China’s new energy industry. At present, China and the EU already have a solid basis of cooperation in the areas of climate and energy, and have signed a number of joint agreements, plans and declarations to deepen ongoing cooperation in political, economic, technological and scientific research in the field of energy.
According to data from China Customs, in the first quarter of this year, the total export volume of China-made photovoltaic modules reached 37.2GW, a year-on-year increase of 112%. Among them, Europe has become the largest Chinese module export market, with Chinese module imports reaching 16.7GW in the first quarter, up from 6.8GW in the same period last year. a 145% year-over-year increase.
Now, with the implementation of the “RePowerEU” plan, China’s PV product exports are expected to resume explosive growth.
Recently, CATL, a Chinese lithium battery company, obtained the world’s first ECE R100.03 power battery system certificate issued by the German Ministry of Transport. In 2021, China’s new energy vehicle exports will reach 0,310,000 units, including Europe and Southeast Asia are the main markets. Electric vehicles made in China will account for almost 15% of all electric vehicles registered in Europe in 2021, second only to Germany in terms of share. From 2019 to 2021, the share of purely electric vehicles made in China on the European market has increased from a meager 0.5% to 14.7%!
