Expanding ASEAN grid supply chains could mitigate critical transmission equipment shortages (Institute for Energy Economics and Financial Analysis)
In June 2024, the Institute for Energy Economics and Financial Analysis (IEEFA) released a report on renewable energy supply chain opportunities in the Asia-Pacific region. The report highlighted the potential for countries to expand their focus beyond manufacturing solar panels and wind turbines when developing energy transition industries. It encouraged embracing a wider array of technologies and services to deliver clean electricity to the grid effectively.
Creating fully grid-integrated energy supply projects requires a wide array of complementary materials, components, and services that go beyond making solar panels or wind turbines. As IEEFA has reported, these “balance of system” elements can account for 55% to 80% of the total investment cost in a solar or wind project, thus representing attractive areas for localization.
