Recently, while examining the global energy landscape, I discovered a quite interesting phenomenon.

China's control over renewable energy is far beyond most people's imagination. It's not just participation, but a complete dominance of the entire photovoltaic industry chain. Let's look at the specific data to understand this better.

In 2024, China accounts for 93.2% of global polysilicon production, 96.6% of silicon wafers, 92.3% of photovoltaic cells, and 86.4% of photovoltaic modules. This is not market competition; it is absolute dominance through vertical integration. From raw materials to final products, every link is in China's hands.

What does this mean? It means China controls the pricing power of global solar panels. Solar energy has already become the main engine of renewable energy growth. Last year, 75% of new renewable energy installations came from solar. In other words, whoever controls the solar industry chain controls the pace of the global energy transition.

Some compare China to OPEC+ in the renewable energy sector, but I think this analogy is not entirely accurate. OPEC+ still requires coordination among member countries, whereas China's photovoltaic industry chain is truly a monopoly. While Europe promotes green energy policies and countries try to reduce dependence on oil, they are actually relying on China's solar panel supply.

From participant to industry dominator, China has completed this transformation. Now, when discussing global renewable energy, it is impossible to ignore China's solar panel supply chain. This is a geopolitical reality that is seriously underestimated.