"...The main report (available here) identifies China being the main manufacturer of renewable components as a supply chain risk.
… China currently dominates the manufacturing and trade of most clean energy technologies...For mass-manufactured technologies like wind, batteries, electrolysers, solar panels and heat pumps, the three largest producer countries account for at least 70% of manufacturing capacity for each technology – with China dominant in all of them. …
Read more: https://www.iea.org/reports/energy-technology-perspectives-2023/executive-summary
The report also predicts renewable energy component prices will continue to fall, despite admitting resource constraints are driving up prices – but I can’t find a clear explanation for WHY they believe costs will continue falling, other than some vague statements about specialisation and government policy;...
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