Africa/Asia/LatAm solar boom vs. component shipment backlog/costs [escalating]
Key Questions
How much solar did China export to Africa?
China exported 18.8GW of solar panels to Africa, a 48% increase from the previous year, fueling the solar boom.
What is the Total-Masdar JV in Asia?
TotalEnergies and Masdar formed a $2.2B joint venture for 9GW renewables in Asia, targeting Indonesia, Japan, South Korea, and Southeast Asia.
What are Philippines' offshore wind ambitions?
The Philippines targets 178GW offshore wind potential with 68GW contracts awarded and a 3.3GW auction underway.
What is South Korea's renewable energy goal?
South Korea aims for 100GW of renewable energy by 2030, supporting the Asia solar boom.
How is IRENA viewing solar progress in Africa/Asia/LatAm?
IRENA notes lags behind targets but highlights microgrids and rooftop solar growth; a $5T investment gap persists.
What solar developments are in Thailand and Kenya?
Thailand experiences a rooftop solar boom; Kenya onboards investors for Olkaria Green Energy Park and explores AI baseload grid strategies.
What challenges face the solar boom?
Component shipment backlogs and high costs hinder progress despite booms in Indonesia's solar for islands and Africa's business switch to solar.
How is Indonesia advancing renewables?
Indonesia pursues a solar revolution to power islands and end fossil fuels reliance, amid broader Asia green hydrogen and rooftop initiatives.
China 18.8GW Africa exports + GCF finance boost; Total-Masdar $2.2B 9GW Asia JV (Indonesia/Japan/SK/SE, 3GW ops+6GW pipeline); Philippines 178GW offshore/68GW contracts/3.3GW auction; SKorea 100GW RE '30; IRENA lag but microgrids/rooftop; Thailand/Kenya/Indonesia + KenGen Olkaria geothermal; India solar+storage 90% demand; $5T gap. Status: escalating.