New Delhi, April 24 (IANS) Europe is losing its strategic autonomy as it is getting increasingly dependent on Chinese factories for goods, even for the Green Transition in energy that it is aiming for, according to an article.The article in Brussels Signal highlights that China now controls 80 per cent of the world’s solar panels, 75 per cent of the batteries, and 70 per cent of the electric vehicles, which represents “a total monopoly on the energy and mobility of the next generation”.”This i…
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New Delhi, April 11 (IANS) China’s push to become a global supplier of renewable energy technology is drawing sharp criticism from Africa, South Asia and Latin America, alleging Chinese solar panels, wind turbines and batteries to be low‑quality and poorly suited to local conditions, a new report has said.The report from Nepal Aaja also argued that these projects are also tied to financing that creates long‑term dependencies.”China’s financing model typically ties loans to technology imp…
Damoh, March 27 (IANS) PM Surya Ghar: Muft Bijli Yojana, launched to provide free electricity to crores of households across the country, has brought unprecedented gains for the people of the Bundelkhand region in Madhya Pradesh. Tendukheda in the Damoh district is one of the regions witnessing the direct impact of the scheme. Thousands of residents have installed rooftop solar panels ranging up to 3 kilowatts. These solar systems have not only slashed their electricity bills by half but also…
New Delhi, March 2 (IANS) Price wars are taking a heavy toll on China’s corporate sector as profits are being sharply eroded in the fierce competition to grab a share of the dwindling market pie amid excess production capacity. This is also resulting in the dumping of cheap Chinese goods in overseas markets.Intense, cutthroat competition is forcing companies to slash prices relentlessly, even when they can’t cover their costs, according to an article published in The Wire China Podcast.In ma…
Ahmedabad/Surat, Feb 3 (IANS) The Indian share market surged on Tuesday after the announcement of a trade agreement between India and the United States, which lowered tariffs on Indian exports. The deal, finalised after discussions between Prime Minister Narendra Modi and US President Donald Trump, cuts tariffs from 50 per cent to 18 per cent, ending months of uncertainty that had been weighing on investor sentiment.The reduction in tariffs has had a notable impact on key sectors, partic…
New Delhi, Jan 22 (IANS) Rapidly declining costs of electrotech like solar panels and batteries have unlocked a new energy path for countries like India that did not exist a decade ago when China was expanding its power sector.In 2004, when China crossed 1,500 kWh of electricity use per capita, coal generation was about ten times cheaper than nascent solar photovoltaics (PV). This led to coal accounting for nearly 70 per cent of the growth in China’s electricity generation over a decade.In con…