China's ambitious energy transition is turning heads globally—and European investors like French power giant Electricité de France (EDF) are taking notice. 🔍 With the annual 'Two Sessions' approaching, global attention is locked on China's economic resilience, which hit a 5.2% growth rate in 2023 despite challenges. But the real story? Its green energy revolution is reshaping global markets. 💥
'China's policies in renewables and low-carbon tech are a game-changer,' says Fabrice Fourcade, EDF's chief representative in China and president of the France-China Electricity Partnership Association. As one of the largest foreign investors in China's power sector, EDF has operated there for 40 years and plans to double down. Why? Over 50% of China's electricity now comes from non-fossil fuels, with renewables and nuclear energy driving the shift. 🌞⚡
China approved 10 new nuclear reactors in 2022—and another 10 in 2023. By 2028, it’s projected to account for nearly 60% of new global renewable capacity. 'This isn’t just about energy; it’s about creating partnerships that benefit everyone,' Fourcade adds, highlighting opportunities for European businesses in tech innovation and sustainability. 🤝✨
While Western media speculate about 'decoupling,' companies like EDF are riding the wave of China's green policies. From solar farms to next-gen nuclear, the message is clear: China’s energy transition isn’t just inspiring—it’s profitable. 💰🌍
