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China Daily / 2022-12 / 26 / Page013

All charged up for high-growth era

By ZHENG XIN | China Daily | Updated: 2022-12-26 00:00

Chinese energy firms ride new opportunities across industry segments globally

Chinese companies' ability to meet wide-ranging energy demands of countries, regions and blocs such as the European Union, Africa, Latin America and the Asia-Pacific, which are all at various stages of transition to clean power besides seeking energy security, will spawn an era of high-growth opportunities for them, industry experts said.

From solar and wind to new-age battery business and energy storage solutions, Chinese companies have already built up an enviable prowess and a strong market presence, which will help them to ride a wave of opportunities to grow globally, they said.

For instance, Europe's energy crisis has unexpectedly created growth opportunities for Chinese renewable power companies. Historical opportunities await them as several European countries are set to cut their reliance on Russian energy. Besides, they are stepping up their transition to a low-carbon energy setup.

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