Energy transition: from Russian to Chinese dependence

By
Nico Beckert

For decades, Russia reliably ensured Germany’s power supply. This could soon come to an end. Partly in response to the invasion of Ukraine, the German government and the EU want to massively expand renewable energies. In reaction to Putin’s war, German Minister of Finance Christian Lindner even referred to renewables as freedom energies in the German Bundestag. But the solar industry is dominated by China. Are Germany and the EU slipping from one dependency to the next? And how will the prices for solar modules develop if two economic areas as large as the EU and China expand their solar power simultaneously?