, Southeast Asia
Photo by Pixabay from Pexels.

Southeast Asia’s RE manufacturing to generate up to $100b revenue by 2030

Its solar PV manufacturing capacity could reach 125 GW to 150 GW.

The growing renewable manufacturing sector in renewable energy could generate around $90b to $100b in revenue by 2030 and create around six million renewable energy jobs by 2050.

In a statement, the Asian Development Bank said the renewable manufacturing of Asia could support the region’s economic growth as it could lose up to 30% of its gross domestic product by 2050 because of the rise in climate change.

According to its report, the region's solar photovoltaic manufacturing capacity in modules could reach 125 gigawatts (GW) to 150 GW by 2030 from 70 GW. It could also produce 140 GW-hours (GWh) to 180 GWh of battery cells by 2030.

ALSO READ: Solar PV manufacturing in China to grow to over 230 GW in 2026

Southeast Asia can also increase its assembly capacity for electric two-wheelers from 1.4 to 1.6 million units a year to around four million units by 2030.

The region’s production factors could benefit from trade across the value chain to improve workforce quality and distribution.

The ASEAN Power Grid could also boost the demands market, making room for higher renewables deployments and expanded grid balancing areas, it said.

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.