GreenergyDaily

Mar. 24, 2026

Investors are rushing into Chinese renewable stocks, betting the oil shock triggered by the Iran war will boost global demand for green energy, a sector China dominates.

Such a ‌portfolio trend in Asia, spurred by heightened worries about energy security and growing distrust in Washington's reliability, contrasts with a shift in the U.S. back towards oil and gas.

"When you take a step back, the dust settles or the price of oil starts to come back down, whatever that may be ... countries now need to focus on energy security," Aaron Costello, head of Asia at Cambridge Associates, told a conference in Hong Kong on Monday.

"They need to further build out their renewables, build out their energy grids, maybe more nuclear power, more focus on defence. The U.S. has become, ⁠if not unreliable, certainly more erratic."

Since the U.S.-Israeli war against Iran erupted on February 28, money has been moving into Chinese stocks in areas ranging from solar and wind energy to electric vehicles and batteries.

The CSI Green Electricity Index has climbed 6% in March, while the CSI New Energy Index is up 2%, despite the benchmark Shanghai Composite Index slumping 8% amid war-induced panic selling.

Industry leaders have outperformed, with solar energy giant GCL Energy Technology surging 48% so far this month.

Battery king Contemporary Amperex Technology has jumped 15% and China National Nuclear Power Co is up 8%.