(Photo Credit: TaiyangNews) Between January and September 2024 this year, Chinese solar PV manufacturers together shipped 186.77 GW of solar modules, representing a year-on-year (YoY) increase of 18% compared to 157.65 GW exported during 9M 2023, according to InfoLink Consulting.
Separately, market research firm InfoLink has also released an analysis report based on customs data, which pointed out that from January to December 2024, China exported a total of 235.93GW of PV modules, an increase of 13% compared to 207.99GW in the same period in 2023. Comparison of Chinese PV module exports in 2023 and 2024. Source InfoLink
For the 20% of customers with solar, there could be a range of export charge impacts, depending on system size. A 4−6kW system would still earn on average $900 – about $70 less than now. But this impact could look very different if they took up options that rewarded them for using the system differently – such as self-consuming power.
The most obvious decline was in the European and Asia Pacific markets. China exported close to 6.8 GW of solar modules to Europe in September 2024, a 17% MoM and an 11% YoY drop. In aggregate terms, in Q3 2024 the shipments totaled 23.53 GW, and in 9M 2024, these added up to 85.33 GW.
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