WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 131
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China's dominance in low-carbon technology is so significant that the world relies on China for the energy transition.
Rare earth and metals: Up to 90%
Solar panels: 80%
China vs Rest of the World (ROW)
HOME
Geopolitical impacts will maintain
uncertainty in energy markets
Windmills: 60%
Global wind turbine maufacturing capacity in 2023
Other (APAC excl. China and India) 1%
0
10
20
30
40
50
60
70
80
90
100
LATAM 4%
Copper
Indian 7%
China
Nickle
USA 9%
ROW
Cobalt
Source
https://www.iea.org/reports/solar-pv-globalsupply-chains/executive-summary
Lithium
Europe 19%
Graphite
Russia
Chile
Indonesia
Japan
Finland
Canada
Argentina
Solar Panel Production Cost (USD/Watt)
0,15
USA
0,24
Europe
0,23
Source: https://www.asia昀椀nancial.com/china-solar-panel-costs-plunge-in-2023-60-cheaper-than-us
Green hydrogen: 80%
Nuclear 3rd generation reactors
Electrolysers. China vs ROW
Country
Units
Status
Chinese tech?
China
2 (Taishan 1 and2)
Operational
Yes
France
1 (Flamanville 3)
Under construction
No
Finland
1 (Olkiluoto 3)
Operational
No
Planned
No
Under construction
No
UK
UK
1 (Sizewell C)
1 (Hinkley Point C)
China
China (incl. capacity from three western turbine OEMs) 60%
Note: Wind turbine manufacturing capacity refers to wind turbine nacelle
assembly capacity and doesn’t represent actual nacelle production in 2023.
Source: GWEC Market Intelligence, Fabruary 2023
Total
402
Under Construction
238
Operational
164
Gigafactories: 72%
World Gigafactories Sep 2023
Rest of World
9%
ROW
Europe
9%
North America
10%
3rd generation technology (EPR) dominating up to now is coming from French EDF and AREVA.
China currently has the second-largest nuclear 昀氀eet across all generations (after the USA and
ahead of France) and is on track to become the largest in the near future.
Source: https://www.asia昀椀nancial.com/china-solar-panel-costs-plunge-in-2023-60-cheaper-than-us
30% Green and Grey Hydrogen production from China in 2022, vs only
10% in 2020. Rapid progress.
China
Sources: https://source.benchmarkminerals.com/downloads/special-issues/130595a8?mc_cid=b3fbca6cc2&mc_eid=fc872bf221
WEMO 2024
Rare earths
China
Region
China
Rare earths
China: 90%
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