Chinese solar exports rose by 64% in 2022, says Wood Mackenzie
- Admin
- Apr 26, 2024
- 1 min read
China's PV module, cell, and wafer exports surged by 64% to $52 billion in 2022. Chinese modules were 57% cheaper than those produced in the United States and the European Union. Europe imported approximately 29.5 GW of Chinese modules in the first quarter of this year. US tariffs on Chinese-made modules have driven module production to Southeast Asia. China's wafer and cell export capacity is expected to surpass 230 GW by 2026. The US is counting on the Inflation Reduction Act to stimulate domestic manufacturing, but costs still favor imported modules. Europe and India also aim to secure local PV manufacturing.
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