The era of cheap Chinese solar + storage is ending
For the past year and a half, Chinese manufacturers have been selling solar modules and storage systems at rock-bottom prices, trying to
Full details available in Ember's China Solar Export Methodology. The IEA has stated that China's solar photovoltaic exports account for 80% of the global market. While there is a wide variety of products that make up the solar supply chain, panels, cells and wafers make up the majority of exports by trade value, and can be expressed in GW terms.
The latest solar PV export data from the world's largest exporter, China, by country or region of destination. Data updated on a monthly basis. An interactive chart showing monthly solar PV exports from China, the world's largest exporter, by selected country or region of destination. China's exports account for 80% of global solar PV exports.
As more markets continue to adopt local content requirements (LCRs), China will start to face increasing constraints for solar exports. In response to growing LCRs, Chinese players are globalising manufacturing capacity to offset a loss in exports. Europe, the US, and Southeast Asia are among the top markets for Chinese manufacturing investment.
Indeed, most overseas production capacity has been allocated to electric vehicles (EVs), limiting the local supply flowing into the energy storage sector, thus leaving a huge opportunity for China's exports. Nevertheless, Chinese manufacturers should be cautious of persistent oversupply in the energy storage segment.
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