Export photovoltaic energy storage

Export amount of solar and energy storage inverters to South Africa in September reached $180 million. This showed a 54% year-on-year decrease but a notable 11% increase on a month-to-month basis, accounting for 3% of the total export value. - Exports of solar and energy storage inverters to Brazil in September amounted to $270 million.

China's 2023 solar exports hit a record high with over 40% growth for all equipment. The surge was dominated by modules that reached a new high of 227 GW. Meanwhile, cells had the most rapid growth at 61.6% to 38 GW. The country consolidated its control over module supply chain manufacturing, with its share exceeding 80%.

02 Jul 2024 by evwind. In 2023, China achieved record photovoltaic export volume growth across all subcomponents, driving manufacturing expansion in emerging markets.

China has at least 80% of the global market share in solar manufacturing capacity, making Chinese exports an important dataset for tracking the clean energy transition. In the first half of 2023, exports of solar panels from China grew by 34%, with 114 GW shipped worldwide, compared to 85 GW in the same period last year.

The General Administration of Customs of China (GACC) recently released the import and export data for inverters in September 2023. In September 2023, the domestic exports of energy storage inverters amounted to $650 million, marking a 33% year-on-year decrease and a 6% month-on-month decline.

Over the last 12 months, China exported 111 GW of solar modules to Europe, the same amount as the total installed PV capacity of the United States. With a total over the last 12 months of 19 GW, Brazil is the largest single destination for China's solar module exports outside of Europe.