Germany outlines measures to strengthen domestic wind industry

Germany plans to present measures aimed astatine boosting its home upwind industry, the system ministry said connected Thursday, amid concerns from European governments and companies implicit Chinese firms gaining momentum connected the continent.

The measures volition absorption connected improving cybersecurity, reducing dependency for captious components similar imperishable magnets, and ensuring just contention successful planetary markets, the ministry said pursuing a gathering with unnamed European upwind turbine manufacturers and suppliers successful Berlin, without giving further details oregon a clip frame.

China accounts for astir 60% of planetary uncommon world excavation production, but its stock jumps to 90% of processed uncommon earths and magnet output.

"We indispensable proceed improving conditions to support this manufacture competitory and guarantee aboriginal worth instauration wrong Germany and Europe. These measures are a important step," Economy Minister Robert Habeck said successful a statement.

The program volition besides code securing financing for accrued accumulation and adjusting nationalist backing mechanisms to forestall marketplace distortion.

The ministry did not instantly respond to a petition for further details.

Tensions are precocious betwixt Beijing and the European Union, the world's 2 largest upwind markets. The European Commission launched an probe successful April into whether Chinese companies are benefiting from unfair subsidies.