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Intelligence for energy companies seeking a data-driven approach to cost management

APAC Power & Renewables Cost Inflation Outlook 2023

March 16, 2023 at 2:47 PM / by Wood Mackenzie Supply Chain

The power and renewables sector heads into the new year in unchartered waters. Continuous commodity volatility, trade protectionism, and high interest rates will challenge operators in 2023.

In our APAC Power & Renewables Inflation Report, we delve into key themes, such as:

  • How the shift in polysilicon supply and demand balance will lead to PV module rates falling to $0.214/Wdc in 2026.
  • How raw-material inflation in the wind supply chain varies across different regions, with Europe paying a steel premium of 25% vis-à-vis Asia.
  • Why NMC battery costs will de-escalate by almost 5%, while LFP battery costs will surge by the same percentage.
  • Why large-tier utilities will spend $41M less for distribution transformers if item cost inflation falls by 1.70%.

Capex Examples_APAC P&R DO


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