Noel King

So China can make about 1 terawatt of solar panels per year.

And just to put that in context, all of the world last year deployed about 650 gigawatts of solar panels.

That means there is just in China 35% more capacity than the world currently is deploying.

And the numbers are similarly crazy when it comes to batteries.

So China announced that by 2030, it will have enough manufacturing capacity for batteries to meet 6 terawatt hours of global demand.

Currently, the expected demand for 2030s is less than two terawatt hours.

So China alone will have enough capacity by 2030 to meet global demand three times over.

That is incredible.

And so, OK, so China is ahead of the game making solar panels, making EVs, expanding its renewable energy capacity.

And then it's got all this stuff, you know, being made in factories.

I'm imagining it on the loading dock, ready to hit the rest of the world.

So the Strait of Hormuz closes, oil prices go up.

And then what happens to all that Chinese clean energy that's like sitting on a loading dock?

Yeah, it's cheap, it's available, and people want it.

And so we saw in March numbers that correlate to what we expected people to do, which is to try and buy these cleantech from China in as much quantity as it can.

The month of March saw record exports of clean energy technologies from China, about $22 billion worth.

And that's sort of like a large number compared to just the previous March figure, but also compared to February, the month earlier.

OK, so this is short term.

This is the war's been going on since February 28th.

What do you think the long term trend is going to show?