Global Clean Energy Manufacturing Gains Momentum with Major Deals and Strategic Initiatives

The push for clean energy manufacturing is accelerating worldwide, with governments and corporations making bold moves to secure their positions in the renewable sector. In India, Telangana’s Chief Minister Revanth Reddy announced a landmark $2.4 billion investment pact with Akshat Greentech at the World Economic Forum 2025 in Davos, aimed at establishing a state-of-the-art solar panel manufacturing hub. This deal, part of Telangana’s broader goal to generate 20 GW of renewable energy by 2030, is expected to create over 15,000 jobs and position the region as a leader in India’s solar supply chain. Meanwhile, the Indian government launched the Bharat Cleantech Manufacturing Platform to foster innovation and collaboration in sectors like battery storage and green hydrogen, reinforcing its ambition to achieve 500 GW of clean energy capacity by 2030.

Asia-Pacific nations are also vying for dominance in the electric vehicle (EV) market. Philippine President Ferdinand Marcos Jr. publicly urged Tesla to establish an EV manufacturing facility in the country, leveraging its growing domestic market and strategic access to critical minerals like nickel. This aligns with Tesla supplier Panasonic Energy’s recent announcement to reduce reliance on Chinese materials for its U.S. operations, signaling a broader industry shift toward diversifying supply chains. These developments highlight the geopolitical and economic stakes of clean tech manufacturing, as countries compete to attract investments and localize production.

In Eastern Europe, a joint study by the International Finance Corporation and World Bank identified Poland, Romania, Bulgaria, and Croatia as emerging hubs for wind turbine, EV battery, and electrolyzer production. Poland, in particular, is poised to lead the region with its strong industrial base and access to EU funding under the Net Zero Industry Act. However, challenges such as workforce shortages and policy gaps remain critical hurdles. As nations worldwide prioritize energy security and decarbonization, the race to build resilient, localized clean energy supply chains is reshaping global manufacturing landscapes—with innovation, investment, and international collaboration at its core.