Chinese solar exports double in a month to hit record high amid energy crisis
2 hours ago
- #cleantech exports
- #energy resilience
- #solar energy
- Many Asian and African countries are advancing in the solar value chain by developing manufacturing and assembly capabilities.
- China's exports of solar cells and wafers surpassed panel exports in October 2025, with panel exports rising 91% to 32 GW and cells/wafer exports up 108% to 36 GW by March 2026.
- Solar, batteries, and EVs are crucial for enhancing energy resilience and reducing dependence on fossil fuels amid high oil and gas prices.
- China's cleantech exports (solar, batteries, EVs) hit a record in March 2026, increasing 70% year-over-year and 38% month-over-month.
- Battery exports surged 44% to $10 billion in March 2026, driven by demand in the EU, Australia, and India for energy storage solutions.
- Record solar growth in 2025 displaced gas-fired electricity equivalent to all LNG exports through the Strait of Hormuz, and EVs displaced 1.8 million barrels per day of oil demand.