April 24

Analysis: China Is Extending Its Lead Over the US in Africa’s Energy Transition

By Martin K.N Siele

China’s manufacturing “overcapacity,” fueled by government subsidies, is giving its companies an edge over the United States in Africa’s transition to green energy, analysts say.

W. Gyude Moore, senior fellow at the Center for Global Development, speaking at the Semafor World Economy Summit (WES) on Thursday, said that China’s reported overcapacity — whereby its production capability significantly exceeds domestic demand — enabled its companies to offer competitive prices for green energy technologies in low-income countries.

Photo courtesy of Clayton Cardinalli.

Source: Semafor (link opens in a new window)

Energy, Technology, Transportation
electric vehicles, energy access, global development, renewable energy