Yuan Yang

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A factory worker in Taizhou, east China, prepares overseas orders. Since 2011, Beijing has invested 10 times more than Europe in new solar panel manufacturing capacity © CFOTO/Sipa USA/Reuters

EuropaUnión EuropeaEconomía

At the annual gathering of Europe’s solar power lobby in Brussels this month, industry executives celebrated the rapid rollout of panels across the region after the retreat from Russian gas.

Standing behind a DJ deck, Walburga Hemetsberger, SolarPower Europe’s chief executive, said that the night should be “the best party ever”, adding that the European industry had broken records on solar installations last year. But EU officials speaking at the same event had their minds on an even bigger challenge.

“Switching from fossil fuels to renewables should not mean replacing one dependency with another”, announced energy commissioner Kadri Simson, who has spent the past year marshalling the bloc’s efforts to wean itself off Russian gas.…  Seguir leyendo »

The electric vehicle boom in a quiet Hungarian town

EuropaUnión EuropeaEconomía,

Sándor Máriás still remembers the Soviet fighter jets that kept him up all night as a child. He grew up during the communist era on a small farm next to a military air base outside Debrecen, in eastern Hungary. Their family home was 300 metres from the runway.

“The jets’ roar was deafening especially when they practised touch-and-go manoeuvres”, he recalls.

His family was one of a handful that the communist authorities allowed to keep their farm at a time of mandatory co-operatives. After the regime collapsed in 1989, the others all sold their land, but Máriás held out. That was until a wave of green technology started to wash over Debrecen.…  Seguir leyendo »

© FT montage: Getty; Reuters | Olaf Scholz and Xi Jinping

MundoAsiaEuropaUnión EuropeaEconomía,

Rarely has a deal encountered such strong government opposition. Six German ministries came out last month against Chinese shipper Cosco’s planned acquisition of a stake in a Hamburg container terminal. But it went through anyway.

The man who ensured its safe passage through the German cabinet was Chancellor Olaf Scholz. He insisted on a compromise — Cosco would have to make do with a 25 per cent stake, rather than the 35 per cent that was initially proposed.

But the German foreign ministry remained opposed, even after Scholz pushed it through. State secretary Susanne Baumann wrote an angry letter to Scholz’s chief of staff, Wolfgang Schmidt, saying the transaction “disproportionately increases China’s strategic influence over German and European transport infrastructure and Germany’s dependence on China”.…  Seguir leyendo »