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IHS Markit: 27GW Solar Capacity will be Added in Southeast Asia by 2025

Release date:2021-07-11 Source:Raytech Pageviews:-

In the past two years, the installed capacity of photovoltaic market in Southeast Asia has increased continuously driven by Vietnam market. It will reach a new high of 26.6GW in 2020. Although the outbreak of cowid-19 still affects many market projects, it also makes more enterprises and governments accept renewable energy. Dharmendra Kumar, an analyst at IHS Markit, said that Southeast Asia is driven by attractive incentive measures such as on grid electricity price, net metering electricity price and auction mechanism based on electricity price. In the next five years, new solar capacity to be installed will reach 27GW.

Ningbo Raytech New Energy Materials Co., Ltd. specializes in “PV Modules Manufacturing and System Integration” and “Smart Panel Materials Manufacturing”. The company has independent product R&D teams, national key laboratory and 1.2GW full-automatic manufacturing line. Raytech Double-glass modules come with 12-year product warranty and 30-year performance warranty (2 years and 5 years longer than industry's standard product / performance warranty respectively).

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