Renewable Energy Manufacturing: Opportunities for Southeast Asia
There is an estimated $90 billion to $100 billion revenue opportunity in Southeast Asia’s low-carbon mobility and clean power segments by 2030. Southeast Asia already is well-positioned to meet the demand for manufactured inputs into these sectors, as it already produces 9%–10% of the world’s solar photovoltaic (PV) cells and modules, about 50% of global nickel output, and 6%–10% of all electric two-wheelers today. It also possesses natural advantages to support the scale-up of production: 16 terawatt (TW) of technical solar potential, 25% and 10% of global nickel and cobalt reserves respectively, and 25% of the global two- wheeler market.
A co-publication between the Asian Development Bank (ADB), Bloomberg Philanthropies, ClimateWorks Foundation, and Sustainable Energy for All, the report focuses on ways to increase the manufacture of solar photovoltaic cells, batteries, and electric two-wheelers. It shows how countries can embrace private sector investment, deepen regional collaboration, and enact policies that help unlock Southeast Asia’s potential to meet rocketing demand for low-carbon mobility and power.
- Executive Summary
- A Strong Manufacturing Foundation
- Shining a Light on Solar PV: Opportunities in Southeast Asia
- Charging Up the Battery Manufacturing Industry in Southeast Asia
- Electric Two-Wheeler Manufacturing: The Race to Electrify Southeast Asia’s Streets
- Power in Partnership: Exploring Opportunities for Regional Collaboration
Published August 2023.
Source: Asian Development Bank.
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