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As Europe aggressively pursues a green energy transition to reduce its reliance on imported traditional fuels, Chinese new energy companies are playing a pivotal role by providing high-quality photovoltaic solutions, industry experts said. This collaboration is crucial as the European Union aims to. . China accounted for around half of both newly added and total global solar photovoltaic (PV) capacity in 2024, a milestone hailed by European analysts as a major contribution to the world's carbon reduction goals. China installed 329 gigawatts (GW) of solar capacity within 2024, representing 55. . This cooperation allows Europe to keep getting affordable green tech for its energy transition, while China secures a large market for its mass-produced renewable technologies. It was a win for both, even if not an equal one. Finland builds world's largest sand battery — and it's heating homes. .