Le technologies for the energy renewable could pose a significant problem for Donald Trump. American protectionism will hardly be able to counteract quality products with continuously decreasing prices, especially from China. The new US president's energy strategy, based on traditional fossil fuels, aims to dismantle industrial and financial operations in favor of renewables. But how long can such a strategy last, considering that - tariffs or not - Chinese industry exports green technologies at increasingly competitive prices? Neither Trump nor the Chinese leadership seem particularly concerned about the effects of climate change, but the overproduction of technologies for solar and wind power plants It could throw many plans into disarray, with far-reaching effects that could manifest themselves very soon.
BloombergNEF report
According to the Levelized Cost of Electricity 2025 report di BloombergNEF,the energy produced from sources renewable It is currently the cheapest in the world. 2024 has already been a good year, but 2025 could see even greater progress, with effects set to double over the next ten years. It is clear, however, that excessive confidence in energy plans can prove illusory. The BloombergNEF report, now in its 16th edition, compared data from 50 countries and analyzed the performance of 30 technologies. One particularly significant finding: the cost global reference for the battery storage projects have decreased by a third in a year, settling at $104 per megawatt-hour (MWh), a very competitive price. “New solar plants, even without subsidies, are approaching the costs of new U.S. gas plants,” the researchers note.
Trump, for his part, eliminated the subsidies introduced by Biden for industrial reconversion, thus placing a significant obstacle in front of large American industries.
Solar, the most cost-effective source?
Currently, the gas price in the united states è lower of about a quarter compared to that in Europe and Asia. But how long can U.S. industry ignore this discrepancy? In the global energy market – including renewable options – the cost of supply weighs on production, as Italian industrialists, struggling with the high cost of energy, know well.
“Our study suggests that solar could become even more competitive in the coming years, especially if the United States begins to export liquefied natural gas,” he said. Love Vasdev, author of the BloombergNEF report.
If the costs of green technologies continue to fall in the medium to long term, both exporting and importing countries will have to upgrade their energy systems, from electricity generation to storage systems, which are benefiting from increasingly revolutionary solutions.
Le trade barriers they might slow down temporarily the falling technology costs, but they are unlikely to prevent a decline in the levelized cost of electricity in the coming years. In China, meanwhile, further technological and economic improvements continue to be achieved.
