A surge in U.S. investment by Chinese solar panel makers threatens to cement Beijing’s dominance in the sector rather than help the world’s largest economy, an analysis published Friday found.
The report by geopolitical and supply chain consultancy Horizon Advisory comes amid mounting criticism of Chinese investments in U.S. production of solar components, batteries and other technology essential to the transition from fossil fuels to a more sustainable world.
At least 24 gigawatts of new U.S. solar panel production has been announced by various joint ventures and subsidiaries of Chinese companies, enough to meet more than half of U.S. demand.
