
China is clearly winning the global race to renewable energy, with a near trebling of investment into the sector over the last decade. China’s manufacturing industry is primed to produce solar panels, wind turbines, heat pumps, and so on for the rest of the world. There’s a lot of profit to be made as the globe gets fully electrified and moves away from fossil fuels. The Republicans in the USA have guaranteed victory to China in their recent budget. Of course, other nations can all vie for second and ought to as the future is green power and whichever nation can produce renewable energy in the most economical way will dominate the later half of the century.
China is on an absolute tear installing wind and solar power. The country reached nearly 900 gigawatts of installed capacity for solar at the end of 2024, and the rapid pace of building has continued into this year. An additional 198 GW was installed between January and May, with 93 GW coming in May alone.
For context, those additions over the first five months of the year account for more than double the capacity of the grid in California. Not the renewables capacity of that state—the entire grid.