How banking giant ICBC helped Chinese firms gain a foothold in Europe's wind market

The Industrial and Commercial Bank of China (ICBC) has played a key role in financing Chinese wind energy companies' expansion into Europe, providing substantial loans to firms like Goldwind Science & Technology, which is under EU investigation for alleged unfair competitive advantages from state aid. This activity coincides with the EU’s push for clean energy independence and concerns over reliance on Chinese technology in critical energy infrastructure.

This Wire brief sits within Fusion42's coverage of Clean Energy.