Southeast Asia Has Become A Important Market for China Photovoltaic Companies

Southeast Asia has become a "must compete" for domestic photovoltaic companies. At present, many leading photovoltaic companies have successively built factories in Southeast Asia, such as Longi Solar, Trina Solar, JA Solar and JinkoSolar, which are building photovoltaic module production. 

The photovoltaic market in Southeast Asia is developing rapidly investment, and cost reduction. Currently, Vietnam, Thailand and the Philippines are the largest photovoltaic markets in Southeast Asia, with Vietnam being one of the most potential markets. In addition, countries such as Indonesia, Malaysia and Singapore are also gradually strengthening the development of their photovoltaic markets.

In order to carry out its own industrial upgrading and energy transformation, Southeast Asia has an increasing demand for photovoltaic products. According to data from Rystad Energy, investment in renewable energy in Southeast Asia will exceed US$76 billion by 2025. The U.S. National Renewable Energy Laboratory (NREL) also stated that the proportion of renewable energy installed capacity in Southeast Asia will be in 2025. will reach 35% annually.

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