According to the International Energy Agency, 36% and 40% of the world’s growth in solar and wind energy in the next five years will come from China. As stated in its 14th five-year plan, China will lift investment restrictions on coal, oil, gas, power generations and new energy business as part of its near-term strategy between 2021 – 2025. It is up to open its energy sector to foreign investment.
Now it’s the right time for European technology companies specialized in cleantech solutions to enter into Chinese market. China has encouraged foreign investment in solar and wind technology to reach its capacity ambition. Besides the incentives provided by the government, renewable power projects (including wind, solar, biomass, geothermal, waste, wave, tidal, and others) do not require a Chinese person or entity serving as the majority shareholder.
However, as energy sector is highly policy driven and that regulations can have an immediate impact on investment, how can European new energy companies face the situation in Chinese market? How to facilitate the process of market entry, once the investment commitment is made? What are the challenges that European Energy Technology companies are expecting?
Join our EU Tech Chamber China Chapter’s Digital Talk on February 25th Thursday,2021, 9am – 10:30 am (CET) on “New Energies business in China” to find out the answers.
Register now and join us:
DATE Thursday, February 25, 2021
TIME 09:00 a.m. – 10.30 am CET
LOCATION Zoom Webinar