Source: Pixabay (Pexels)

Why markets need to reshore renewable equipment supply

Fitch Solutions expects markets to strengthen reshoring efforts. 

Markets are expected to strengthen efforts to reshore renewable equipment manufacturing as Fitch Solutions sees markets working to secure their supply chain. 

“We have observed that companies have ambitions to bring back domestic manufacturing capabilities, known as ‘reshoring’, to North America and Europe, and expand their operations to other parts of Asia, such as Southeast Asia,” Fitch noted in a report. 

At present, markets are overly reliant on China for renewable equipment, which could dampen the growth of renewables globally. 

Read more: China to sustain lead in renewable equipment manufacturing

Fitch raised reshoring efforts could have benefits, such as cost savings as markets cut expenses on transportation and logistics amongst others.

It can also improve quality control as well as enhance security as reshoring allows companies to protect their intellectual property and proprietary information. 

Moreover, it increases efficiency by reducing the time and effort spent in coordinating with a foreign supplier. It also boosts the local economy as it leads to job generation and stimulation of local economies.


Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


PLN Icon Plus provides bundling solutions to expand PV Rooftop services
The company utilised the PLN app, downloaded by 43 million users, to streamline installations and monitor energy consumption efficiently.  
Cambodia’s 18-year energy plan sets ambitious targets for renewables
To attain energy security, Cambodia will have to overcome investment challenges, cut wasteful consumption, and review pricing policies.