๐ 50% of German Universities Focus on Applied Sciences. 66GW German Wind Capacity. Global Silicon Production.
Chart of the Day #172 looks at Universities, Wind Energy, and Semiconductors
Poland is launching a โฌ5B EU-funded program to support offshore wind farms on the Baltic Sea, targeting 5.9 GW capacity by 2030. In the first half of 2024, Chinaโs semiconductor equipment investments reached $25B, surpassing South Korea, Taiwan, and the US combined, with the potential to reach $50B this year.
Today's Topics
๐ Universities. 50% of German universities focus on applied sciences
๐จ Wind Energy. Germany led EU in cumulative wind power capacity in 2022
๐ฟ Semiconductors. China has led global silicon production since 2009
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๐ 50% of German Universities Focus on Applied Sciences
In the winter semester of 2022/2023, universities of applied sciences dominated Germanyโs higher education, representing nearly half of all institutions. This emphasis on practical and vocational education helps address skill gaps and labor shortages, making sure the workforce is aligned with the economy's needs, complemented by specialized institutions like art and theological schools.
๐จ Germany Led EU in Cumulative Wind Power Capacity in 2022
In 2022, Germany led the European Union's wind power capacity with over 66 GW, significantly surpassing other member states. Spain and France, the EU's two other largest economies, followed as major contributors with 29 GW and nearly 21 GW, respectively. This aligns with the EU's objectives to increase renewable energy capacity and reduce carbon emissions by 2050.
๐ฟ China Has Led Global Silicon Production Since 2009
In 2022, China led global silicon production with 6M tons, outpacing all other producers. Russia and Brazil followed with 580,000 and 390,000 tons, respectively. This significant production gap highlights Chinaโs dominant role in the silicon market, which is vital for meeting the rising global demand for semiconductors and renewable energy technologies.
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