Renewable Energy in Southeast Asia: Powering Sustainable FuturesRenewable Energy in Southeast Asia: Powering Sustainable Futures
  • Home
  • Solar News
    • Utility Scale
    • Rooftop Solar
    • Manufacturing
  • Other Renewables
    • Wind Energy
    • Biofuels
    • Hydro Power
    • Others
  • Storage
    • Lithium-Ion
    • Large Storage (100 kW+)
    • Small Storage
    • Battery Technology
  • Research
  • Finance
  • Events
  • Advertise
Facebook Twitter Instagram
India Edition | Middle East Edition
Facebook Twitter LinkedIn
Renewable Energy in Southeast Asia: Powering Sustainable FuturesRenewable Energy in Southeast Asia: Powering Sustainable Futures
  • Home
  • Solar News
    • Utility Scale
    • Rooftop Solar
    • Manufacturing
  • Other Renewables
    • Wind Energy
    • Biofuels
    • Hydro Power
    • Others
  • Storage
    • Lithium-Ion
    • Large Storage (100 kW+)
    • Small Storage
    • Battery Technology
  • Research
  • Finance
  • Events
  • Advertise
Renewable Energy in Southeast Asia: Powering Sustainable FuturesRenewable Energy in Southeast Asia: Powering Sustainable Futures
Home » South Asia Becomes Hotspot For Global Solar Module Manufacturing
Solar News

South Asia Becomes Hotspot For Global Solar Module Manufacturing

Saur News DeskBy Saur News DeskJune 24, 2024Updated:June 24, 2024No Comments
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Southeast Asia Emerging As The Biggest Solar PV Exporters To US
Southeast Asia Emerging As The Biggest Solar PV Exporters To US. Photo by Senivpatro/Freepik
Share
Facebook Twitter LinkedIn Pinterest Email

A recent report by REN21 found solar manufacturing to be concentrated geographically in just five countries, which are estimated to produce more than 90% of the global capacity for producing solar modules. These countries are namely reported to be, China which leads with around 80% of overall solar PV manufacturing capacity, followed by Vietnam, India, Malaysia, and Thailand.

REN21, a policy network and a multistakeholder governance group report highlighting growth in India’s renewable energy strategy. The report showed that, in 2023, renewable energy globally was on a path of recovery and progress, set against persistent challenges and disparities among technologies and regions. It highlighted, “Energy crisis of the previous year continued to abate, with the world witnessing a remarkable boom in solar photovoltaics (PV) and a significant surge in energy investments. Global additions to renewable power capacity increased an estimated 36% in 2023 to reach around 473 gigawatts (GW), a new record for the 22nd consecutive year.2 Solar PV drove the increase and accounted for three-quarters of all the renewable power capacity additions in 2023.”

The REN21 study found that China’s growing dominance in the renewable energy component industry has influenced trade policy in the United States. The study showed that the US has resultantly begun to increasingly turn to the EU, India, Cambodia, Malaysia, Thailand, and Vietnam to import solar panels (in addition to boosting domestic solar manufacturing capacity). The report further explained that US support for India’s solar industry may have unintentionally enabled the entry into the United States of illegal Chinese solar components (banned due to forced labor issues) through Indianassembled products.44 The move towards friend-shoring and on-shoringiv is, in part, a reaction to these challenges, offering a way to strengthen supply chains and diversify the supply of renewable products.

The report found, “The United States and India agreed to launch a renewable energy technology platform, with a focus on wind and geothermal energy, energy storage and hydrogen. The United States and China, in a side negotiation at the G20 summit in Bali, Indonesia, reached a climate agreement to speed renewable energy development and accelerate the reduction of fossil fuels.”

It further elaborated, “Of the 3,000 GW of projects awaiting grid integration globally, an estimated 1,500 GW are in advanced stages, located mainly in the United States, Spain, Japan, Brazil, Italy, the United Kingdom, Germany, India, Australia, Mexico, Chile and Colombia. Around one-third of these projects (500 GW) have a high chance of connecting to the grid within five years, as they are in the final stages of signing connection agreements.

For the remaining 1,000 GW of advanced projects under review, the need for grid enhancements could delay or halt progress.” To further extend support to renewable energy, the newly launched investment platform Allied Climate Partners is reported to begin with USD 800 million in four funds focused in India, Africa, Southeast Asia, and the Caribbean and Central America.

manufacturing REN21 report solar module South Asia
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Saur News Desk
  • Website

Related Posts

Philippines and Indonesia Team Up on Solar and Wind

June 20, 2025

Korea Backs Saudi Solar Farm with $225 Million Loan

June 18, 2025

New Jakarta Data Centre to Use Solar and Batteries

June 17, 2025

Leave A Reply Cancel Reply

1 + 2 =

Latest News

Philippines and Indonesia Team Up on Solar and Wind

June 20, 2025

Vietnam Moves from Solar Boom to Energy Reform

June 19, 2025

Korea Backs Saudi Solar Farm with $225 Million Loan

June 18, 2025

New Jakarta Data Centre to Use Solar and Batteries

June 17, 2025
ADVERTISE WITH US

We are the no.1 B2B solar media in India. With SaurEnergy, you have a full menu of options to pick from to reach the largest audience for your products and services.

To get in touch, contact us at info[at]saurenergy.com

Or Call at 9891147599 / 8802315631

Facebook Twitter Instagram YouTube LinkedIn WhatsApp
Latest News
  • Philippines and Indonesia Team Up on Solar and Wind
  • Vietnam Moves from Solar Boom to Energy Reform
  • Korea Backs Saudi Solar Farm with $225 Million Loan
  • New Jakarta Data Centre to Use Solar and Batteries
  • Kashgar Reaches 10.2 GW of Solar Power
SAURENERGY NEWSLETTER

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

    © 2025 Saurenergy International.

    Type above and press Enter to search. Press Esc to cancel.