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America Wanted a Homegrown Solar Industry. China Is Building a Lot of It.
- Source :
-
Wall Street Journal - Online Edition . 3/6/2024, pN.PAG-N.PAG. 1p. - Publication Year :
- 2024
-
Abstract
- Chinese solar companies are expanding their operations in the United States, taking advantage of generous government subsidies. These companies, which dominate global solar production, are setting up or expanding panel factories in various locations across the US. China-based companies are responsible for nearly a quarter of the new solar-panel capacity announced since the introduction of production subsidies in 2022. While this rush of Chinese interest benefits the US economy and clean-energy goals, it also raises concerns about the country's dependence on China and potential threats to energy security. The Biden administration is navigating the challenge of simultaneously fighting climate change, expanding domestic manufacturing, and recapturing leadership in solar technologies. [Extracted from the article]
Details
- Language :
- English
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Online Edition
- Publication Type :
- News
- Accession number :
- 175878076