Wind competition.

Europe has lost its position as the world’s largest offshore wind market to the Asia-Pacific region led by China as a result of rising costs and supply chain disruptions, the Financial Times (paywall) reports.

This almost sounds like deja-vu, as experts have warned for months of a repeat of China's solar dominance, which left Europe in the dust. The news is a sting for Europe as it struggles with its industrial competitiveness.

Anca Gurzu

Chief Europe Correspondent