So to sum up:
- the EU cut itself off from Russian oil and gas
- is suffering from unprecedented energy supply issues from the Middle-East
- has industrial energy costs 2-3X higher than its competition
- produces 40% LESS electricity than the US despite having 33% MORE people (and 75% less electricity than China)
And their move - right now, in this context - is to deliberately raise the cost and slow the rollout of Chinese solar, the cheapest and fastest-deploying form of electricity in the market, on the flimsy pretext it's a "security threat."
You'd think the bigger "security threat" would be having your industrial base relocate to countries that didn't voluntarily price themselves out of energy. Or, for that matter, ensuring that any new AI infrastructure or industrial projects gets built anywhere but Europe.
Beyond parody.
JUST IN - EU blocks funds for key Chinese solar energy parts from Nov 1st, citing "security concerns," as imported inverters could be used to manipulate energy networks and gain unauthorised access to operational data, which could lead "to countrywide blackouts." โ FT