Christian Bruch, the Chief Executive Officer of Siemens Energy, emphasized this week that the global energy transition cannot succeed without the involvement of the Chinese mainland. Speaking to reporters, Bruch highlighted the critical role that Chinese supply chains play in the development and manufacturing of wind turbines in Europe.
\"The last thing I would do is to advocate something like departing or de-risking. We have a connectivity between the two regions that is fruitful and unavoidable,\" Bruch stated, as reported by Reuters.
Bruch's remarks come amidst the European Union's recent initiation of subsidy investigations into Chinese wind turbine suppliers, marking the fourth probe targeting Chinese firms in just two months. These investigations underscore the EU's focus on ensuring fair competition and sustainable practices within the renewable energy sector.
The manufacturing of wind turbines heavily relies on materials sourced from the Chinese mainland, particularly rare earth elements and permanent magnets, which are essential for the production and efficiency of these renewable energy systems. Without access to these critical materials, building effective and sustainable wind turbines in Europe would be significantly more challenging.
As the world moves towards greener energy solutions, the interconnectedness of global supply chains becomes increasingly evident. Bruch's insights reflect the broader consensus among industry leaders that collaboration and connectivity with key global partners like China are vital for the success of the energy transition.
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Siemens Energy CEO: There can be no energy transition without China
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