What next for Southeast Asia’s China-backed solar boom?

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The story "What next for Southeast Asia’s China-backed solar boom?" was covered 1 days ago by Eco-Business, a news publisher based in Singapore.

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Eco-Business 1d ago

What next for Southeast Asia’s China-backed solar boom? - Eco-Business

Quick Summary:

The region has emerged as a leading solar exporter, helped by Chinese companies’ relocating their production – but US tariffs are beginning to bite.

As the US becomes an increasingly inaccessible export market, the possibility of the region looking to alternative markets has been raised.“It’s not so much about Southeast Asian nations reducing their dependency on China as it is about reducing their dependency on the US as a market,” Grant Hauber, strategic energy finance advisor for Asia at the Institute for Energy Economics and Financial Analysis, told Dialogue Earth.

Even before the Biden administration’s 2024 tariff increases, Chinese solar companies in Southeast Asia had already begun pre-emptively shifting their strategies to avoid trade barriers.