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Asia Solar Projects Intelligence Tracker - 2030

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Report Summary Examining the Investment Opportunity & Development Track for Asia Solar Markets till 2030

Asia Solar Projects Intelligence Tracker - 2030


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  • Summary
    Asia solar installed capacity crossed a mark of  500 GW in first quarter of year 2023.As of May’2023 the total solar installation across Asia around 600 GW & is anticipated to reach a capacity of approx. 1000 GW* by 2030 Asia Pacific countries are the biggest driver of such growth in solar capacities & will continue to hold a strong influence in the capacity additions as well. China commands approximately 41% of the total Asia solar installations, with an installed capacity above 400 GW. India has also shown a significant growth in its solar installations. The solar installed capacity of India witnessed an increase of more than 25 times over the last decade making it to reach to 68 GW from 2014 to 2023.  The active participation of India in solar energy adoption and installation showcases their commitment to renewable energy growth and sustainability in the region.

    Amidst the upward trajectory of solar energy capacity, several countries are emerging as frontrunners, demonstrating commendable efforts in expanding their contributions to the overall capacity growth by 2030.  The capacity expansions of few markets can be seen below:

    • China is set to have a significant number of upcoming solar plants (nearly 2000), with a combined capacity of  above 300 GW

     • Philippines is expected to have about 145+ upcoming solar plants, with a total capacity of more than 25 GW

    • Vietnam is anticipated to have 70+ upcoming solar plants with a total capacity of more than 10 GW

    • Afghanistan is expected to have 40+ upcoming solar plants with a total capacity of  approx. 5 GW
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