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Middle East Conflict Unlikely to Ease China Solar Glut, Analysts Say
The ongoing conflict in the Middle East and the resulting volatility in energy prices are reviving debate over whether energy-security fears could give renewable power a fresh lift, though analysts say any near-term demand boost is unlikely to resolve the severe overcapacity in China’s solar industry.
“From the long-term energy transition perspective, geopolitical conflicts do reinforce the importance of renewable energy, but it is difficult to improve the overcapacity in China’s solar industry in the short term,” a solar industry insider told Caixin.
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