Huawei pivots to renewable energy as smartphones slump - U.S. sanctions force Chinese company to pursue solar power and storage projects
#Comment: China is already the world leader in all things renewables and is poised to significantly expand its technological and logistical lead in this crucial sector. Any other actor (nations, etc.) that wants to transform legacy energy systems to renewables, will inevitably have to deal with the Chinese and hence maintain somewhat positive relationships. Otherwise, all proclamations of energy transformation are just nice words. Case in point, recent headline from Germany - a country that is actively supporting the US-Empire lead war against China/Russia/Global-South/etc.:
Germany aims to fulfil all its electricity needs with supplies from renewable sources by 2035, compared to its previous target to abandon fossil fuels "well before 2040," according to a government draft paper obtained by Reuters on Monday. Europe's top economy has been under pressure from other Western nations to become less dependent on Russian gas, but its plans to phase out coal-fired power plants by 2030 and to shut its nuclear power plants by end-2022 have left it with few options.