The Austrian "News" reported on July 19 that in the context of the energy crisis in which the global energy consumption continues to rise, especially in emerging countries, and Europe is actively seeking alternative sources of Russian oil and natural gas, renewable energy industries such as solar energy and wind energy are booming. According to statistics, renewable energy will account for nearly 13% of electricity generation in 2021. In June, EU energy ministers agreed to increase the proportion of renewable energy to 40% by 2030. Meanwhile, U.S. President Joe Biden announced in early June a two-year tariff reduction for solar modules in four Southeast Asian countries, Cambodia, Malaysia, Thailand and Vietnam, but China was not on the list. In 2020, nearly 90 percent of U.S. solar modules were imported, most of which came from Southeast Asia.
According to the International Energy Agency, China's solar panel manufacturing share is over 80%. In 2021, China's photovoltaic capacity will be 327 TWh, ranking first in the world, followed by the United States with a production capacity of 165 TWh. China's JinkoSolar, the largest player in China's solar energy industry, signed a framework agreement with Germany's Memodo in May to provide it with energy storage solutions in German-speaking countries.
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