China’s solar panel makers just formed the OPEC of renewable energy. The biggest manufacturers of solar equipment have essentially formed a cartel and have agreed to production quotas next year in response to soaring supplies that have destroyed profits www.bloomberg.com/news/article... - ThreadSky

willmathis.bsky.social • 89 days ago

China’s solar panel makers just formed the OPEC of renewable energy.

The biggest manufacturers of solar equipment have essentially formed a cartel and have agreed to production quotas next year in response to soaring supplies that have destroyed profits

https://www.bloomberg.com/news/articles/2024-12-09/china-s-solar-industry-looks-to-opec-for-guide-to-survival

Comments

profraywills.bsky.social•89 days ago

In 2023, clean energy sector was 9% share of China's GDP
In 2024, China's investment is up 40% YoY
For the moment, won't China just increase self-consumption (like they did with EVs?)
https://bsky.app/profile/profraywills.bsky.social/post/3lcmzn4o63c2b

blackbloke.bsky.social•89 days ago

Then every country needs to have the capability of producing their own solar, wind, and batteries. Cartels are unstable and I expect immediate defection for individual profit but that escape hatch threat should remain.

vanguardmcblack.bsky.social•89 days ago

B-berg always with interesting timing.

"Solar cartel reminiscent of OPEC" sounds bullish af.

KraneShares clean china etf saying more "gtfo before 26.2x"

plugpower.bsky.social•89 days ago

This is a perfect example of why the IRA Bill is so important to America. The bill goes a long way to bring #Solar #Wind #GreenHydrogen production to the US instead of relying on energy from other countries. #Jobs #Energy #Independence Free countries need to control their own destiny.

jamesbelcher.bsky.social•89 days ago

Energy sovereignty is indeed better than energy security. That said, the IRA threw a lifeline to the fossil fuel industry and new nukes. Its overselling is a problem.

bluedar4.bsky.social•88 days ago

It was the best that could be done. And we can still fight the drilling. I was raised next to Cook Inlet. Their drilling has greatly dwindled. Part of that is depletion, part is resistance affecting the break even point.

jamesbelcher.bsky.social•88 days ago

"It was the best that could be done."

Respectfully disagree. It was mismanaged on purpose.

bluedar4.bsky.social•88 days ago

Manchin was our reality.
I gave presentations at meetings in support of the GND and marched for it. If I could have gotten better, I’d be upset. But I am grateful we managed something.

bluedar4.bsky.social•88 days ago

I have been witness to the climate crisis in Alaska and SoCal. Things needed doing NOW. Thanks to the BIL and IRA, people in Kotzebue are relocating inland after storms flooded the town (no ice barrier).

jamesbelcher.bsky.social•88 days ago

Besides the evidence that the bills were split in bad faith, leading to diminished results & Manchin side deal, the bar is just too low: "We managed *something*"

There will always be a Joe Manchin in the Democratic Party. We must build dual power outside of Ds and Rs.

ericallyn.bsky.social•89 days ago

Seems like an opportunity for the US and others to take advantage of.

[looks at president-elect]

Oops. Well, even so, maybe.

timglowa.bsky.social•89 days ago

Can look at this chart 2 ways:

> Prices have flattened since 2019, suggesting efforts to work together to stabilize prices

> Prices are approaching zero per watt - they can't get much lower

victoralvher.net•89 days ago

"Flattened" since 2019 means another -66% drop up to date.

The PV product cycle and its production processes will be increasingly able to be replicable, reusable and automatable everywhere.

That "OPVEC" will not have such a market power, just in short term.

timglowa.bsky.social•88 days ago

You are right. I was eyeballing the slope of the curve.

ianfisch.bsky.social•89 days ago

wtf this should not be legal in America

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