Clean-energy manufacturers around the world now have double the production capacity needed to meet global renewable energy demand as factory output surges in Asia while the US and Europe lag behind.
Production of the parts required to make solar, battery and wind energy far outstripped demand last year across the entire supply chain, BloombergNEF said in its 2026 Energy Transition Supply Chain report released Wednesday, reflecting rapid manufacturing growth in parts of Asia despite China’s enduring dominance.
The oversupply pushed renewable-energy prices lower in 2025 before oil prices soared as a result of the war in Iran, strengthening the appeal of clean energy as an alternative to fossil fuels. Countries including Myanmar, Laos, Vietnam, Cambodia and Chile are responding to higher fuel prices with policies aimed at accelerating clean-technology adoption, according to the report.
