China Faces Power Wastage Amid Renewable Energy Boom

China's rapid expansion in wind and solar energy has led to increased rates of wasted power, with solar curtailment at 5.7% and wind at 6.6% in early 2025, largely due to grid limitations. The country's cleantech manufacturing sector faces overcapacity, price wars, and declining product quality, prompting government intervention. China has also established a national fusion energy company to advance next-generation clean energy technology. Meanwhile, the U.S.–EU $750 billion energy pact emphasizes energy security and fossil fuels, contrasting with China's renewables push. European leaders warn that failing to adopt renewables could threaten the region's competitiveness and industrial growth. The global energy sector is characterized by rapid technological change, geopolitical competition, and the urgent need to align energy strategies with sustainability.