This chapter asks how the transition to renewable energy affects geopolitics. The focus is on industrial competition. While the energy transition could be seen merely as an economic shift, the chapter holds that green industrial policy has a strong geopolitical dimension. Renewable energy and green growth have the potential to greatly affect domestic industrial structures. Moreover, they have an impact on international trade. From a geopolitical point of view, it is therefore important to understand which countries gain from the energy transition in terms of industry, and which countries will not profit in the same way. Different indicators can be used to come to such an assessment. Industrial competition received surprisingly little attention in the literature, but some of the more recent discussion in the field of the geopolitics of renewables emphasises the importance of manufacturing, industry, job development, export markets, and technological innovation. This chapter contributes to this literature by systematically sketching the field of industrial competition and by shedding light on renewable energy as a factor that is currently shaping industrial competition and development.