The IEEFA report covered Japan, South Korea, Malaysia, Taiwan, Vietnam, Philippines, and Indonesia. Image: Masdar
Balance of system (BOS) component manufacturing for the solar PV industry could account for 75% of industry investment in the Asia-Pacific region by 2050, as opposed to manufacturing in the silicon solar value chain.
A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) shows that the higher cost of BOS components like trackers, inverters, racking and electrical components in comparison with solar modules creates a market opportunity for local manufacturing in APAC.
(The above content is reproduced from pv-tech，By Will Norman）
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