Top 10 Solar Developers in Asia | PF Nexus
Discover the current state of solar developers in Asia, learn about buying and selling solar projects, and find financing options on PF Nexus.
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In little over a decade, Southeast Asia has become one of the world's top exporters of solar power equipment – a success driven significantly by the relocation of Chinese manufacturers to the region. But now, the sector faces considerable challenges as US tariffs cut off their main export market, intensifying pressure on a previously booming trade.
Ever since finding themselves in the crosshairs of US import tariffs in 2012, Chinese solar manufacturers began shifting their production to Southeast Asia to circumvent trade barriers. More recently, overcapacity and brutal price wars in China's domestic market have accelerated these international relocations.
Southeast Asia's solar exports have primarily targeted the US, with more than 80% of the equipment it imported in the first half of 2024 sourced from Malaysia, Vietnam, Thailand and Cambodia, according to BloombergNEF. But this successful run is now under threat.
A worker inspects cables at a floating solar power project in Rayong, Thailand. Southeast Asian countries have welcomed investment to produce solar equipment domestically, though this has largely been destined for export to the United States rather than supporting local capacity (Image: Wang Teng / Imago / Alamy)
Discover the current state of solar developers in Asia, learn about buying and selling solar projects, and find financing options on PF Nexus.
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