{"id":805509,"date":"2026-04-29T13:40:02","date_gmt":"2026-04-29T13:40:02","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=805509"},"modified":"2026-04-29T13:40:02","modified_gmt":"2026-04-29T13:40:02","slug":"68gw-chinas-solar-pv-exports-hit-record-high-in-march-global-rush-driven-by-energy-crisis-and-vat-rebate-policy-adjustment","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/68gw-chinas-solar-pv-exports-hit-record-high-in-march-global-rush-driven-by-energy-crisis-and-vat-rebate-policy-adjustment_805509.html","title":{"rendered":"68GW &#8211; China\u2018s Solar PV Exports Hit Record High in March &#8211; Global Rush Driven by Energy Crisis and VAT Rebate Policy Adjustment"},"content":{"rendered":"<p style=\"text-align: justify;\">68GWChina Solar PV ExportsMarch 2026 Record$9.1BSolar Cell Export Value+84% Year-on-Year50+Countries HitAll-Time Import Highs<\/p>\n<p style=\"text-align: justify;\">In March 2026, China&rsquo;s solar PV product exports reached an unprecedented <strong>68GW<\/strong>, doubling February&rsquo;s figure and breaking the previous record set in August 2025. The single-month export volume of 68GW is roughly equivalent to Spain&rsquo;s total installed solar capacity, or Australia&rsquo;s total national installed capacity. In terms of export value, China&rsquo;s solar cell exports reached <strong>$9.1 billion<\/strong> in March, up 84% year-on-year, also hitting a record high.<a rel=\"nofollow\" href=\"https:\/\/www.vmaxpowerpv.com\/uploads\/449c-6ae8387249e9eec229ec26f1be6a5a24.jpg\"><img decoding=\"async\" class=\"alignnone size-full wp-image-15532\" src=\"https:\/\/www.vmaxpowerpv.com\/uploads\/449c-6ae8387249e9eec229ec26f1be6a5a24.jpg\" alt=\"449c-6ae8387249e9eec229ec26f1be6a5a24\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">Global markets saw simultaneous surges. <strong>50 countries<\/strong> recorded all-time highs in solar imports from China, covering Asia, Africa, Europe, and Australia. The African market performed particularly strongly, with export volume up <strong>176% month-on-month<\/strong>, surpassing 10GW for the first time in a single month. Nigeria, Ethiopia, and Kenya each exceeded 1GW of imports for the first time. The Asian market also grew rapidly, with export volume doubling to 39GW. Afghanistan (+320%), Turkey (+277%), and Japan (+215%) saw the most significant growth. Among major importing countries, <strong>India<\/strong> ranked first with 11.3GW (up 141% month-on-month), followed by <strong>Indonesia<\/strong> with 6.2GW. Major economies including the United States, Australia, France, Italy, and Japan also recorded record-high solar imports from China.<\/p>\n<p style=\"text-align: justify;\">Two Key Drivers Behind the Export Surge<\/p>\n<p style=\"text-align: justify;\">1. Escalating Energy Security Concerns<\/p>\n<p style=\"text-align: justify;\">Geopolitical conflicts, including the US-Iran war, have caused global oil prices to soar. The Strait of Hormuz has been almost completely closed, described by the International Energy Agency (IEA) as the <strong>most severe energy supply disruption in history<\/strong>. Against this backdrop, solar energy &mdash; a clean energy source not restricted by geographical boundaries and capable of decentralized deployment &mdash; has rapidly gained strategic importance. Oil and gas import-dependent regions such as Japan, Australia, and the European Union are accelerating their transition from fossil fuels to solar power.<\/p>\n<p style=\"text-align: justify;\">2. VAT Rebate Policy Adjustment<\/p>\n<p style=\"text-align: justify;\">Effective April 1, China cancelled the VAT export rebate for solar PV products (previously around 13%). Overseas buyers rushed to place orders before prices increased, further boosting March export figures. Experts point out that the simultaneous increase in both volume and price indicates this is not a short-term phenomenon &mdash; China&rsquo;s solar products are gradually moving beyond &ldquo;cutthroat competition&rdquo; toward a return of value.<\/p>\n<p style=\"text-align: justify;\"><a rel=\"nofollow\" href=\"https:\/\/www.vmaxpowerpv.com\/uploads\/059fb83bbe3996228cad0dfd741eca231518.jpeg\"><img decoding=\"async\" class=\"alignnone size-full wp-image-15531\" src=\"https:\/\/www.vmaxpowerpv.com\/uploads\/059fb83bbe3996228cad0dfd741eca231518.jpeg\" alt=\"059fb83bbe3996228cad0dfd741eca231518\" \/><\/a>From Product Export to Capability Export<\/p>\n<p style=\"text-align: justify;\">Notably, the export surge is not limited to finished modules. Exports of solar cells and wafers also grew significantly, reaching <strong>36GW<\/strong> in March, up <strong>108% month-on-month<\/strong>. Since October 2025, cell and wafer exports have surpassed module exports. This indicates that many countries are accelerating the establishment of local solar assembly and manufacturing capabilities &mdash; moving from &ldquo;buying modules&rdquo; to &ldquo;buying components and assembling locally.&rdquo; China&rsquo;s solar industry is evolving from <strong>&ldquo;product export&rdquo;<\/strong> to <strong>&ldquo;capability export.&rdquo;<\/strong><\/p>\n<p style=\"text-align: justify;\"><a rel=\"nofollow\" href=\"https:\/\/www.vmaxpowerpv.com\/uploads\/534fb0915df2ff7bfd36d59b730e8f98.jpeg\"><img decoding=\"async\" class=\"alignnone size-full wp-image-15534\" src=\"https:\/\/www.vmaxpowerpv.com\/uploads\/534fb0915df2ff7bfd36d59b730e8f98.jpeg\" alt=\"534fb0915df2ff7bfd36d59b730e8f98\" \/><\/a>Global Solar Growth Accelerates30%Global Solar Capacity Growth in 202570%+China&rsquo;s Share of Global PV Production14%Wind Energy Growth in 2025 (vs. Solar 30%)<\/p>\n<p style=\"text-align: justify;\">Ember data shows that global solar power generation capacity grew by <strong>30%<\/strong> in 2025, far surpassing wind energy (14%). China accounts for more than <strong>70%<\/strong> of global PV production, firmly securing its leadership position in the global solar sector. Experts note that with its cost advantages, technology, and full industry chain, China&rsquo;s solar industry has become a dominant force in the global energy transition. Against the backdrop of persistently high energy prices, solar energy &mdash; as a clean, economical, and rapidly deployable solution &mdash; will further strengthen its market competitiveness.<\/p>\n<p style=\"text-align: justify;\"><a rel=\"nofollow\" href=\"https:\/\/www.vmaxpowerpv.com\/uploads\/20171031080844126.jpg\"><img decoding=\"async\" class=\"alignnone size-full wp-image-15536\" src=\"https:\/\/www.vmaxpowerpv.com\/uploads\/20171031080844126.jpg\" alt=\"20171031080844126\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">Ensuring Long-Term Efficiency &ndash; A Critical Challenge<\/p>\n<p style=\"text-align: justify;\">As global markets rush to purchase Chinese solar products, ensuring the long-term efficient operation of these power plants has become an equally critical challenge. <strong>MULTIFIT<\/strong> specializes in solar cleaning robots and smart operation &amp; maintenance, providing a reliable &ldquo;China Solution&rdquo; for power plants worldwide.<\/p>\n<p style=\"text-align: justify;\"><a rel=\"nofollow\" href=\"https:\/\/www.vmaxpowerpv.com\/uploads\/09285567-584a-45ce-b089-07fe3ca133aa.jpg\"><img decoding=\"async\" class=\"alignnone size-full wp-image-15535\" src=\"https:\/\/www.vmaxpowerpv.com\/uploads\/09285567-584a-45ce-b089-07fe3ca133aa.jpg\" alt=\"09285567-584a-45ce-b089-07fe3ca133aa\" \/><\/a><\/p>\n<p><span style='font-size:18px !important;'>Media Contact<\/span><br \/><strong>Company Name:<\/strong> <a href=\"https:\/\/www.abnewswire.com\/companyname\/vmaxpowerpv.com_179657.html\" rel=\"nofollow\">MULTIFIT<\/a><br \/><strong>Email:<\/strong> <a href=\"https:\/\/www.abnewswire.com\/email_contact_us.php?pr=68gw-chinas-solar-pv-exports-hit-record-high-in-march-global-rush-driven-by-energy-crisis-and-vat-rebate-policy-adjustment\" rel=\"nofollow\">Send Email<\/a><br \/><strong>Country:<\/strong> China<br \/><strong>Website:<\/strong> <a href=\"https:\/\/www.vmaxpowerpv.com\/\" target=\"_blank\" rel=\"nofollow\">https:\/\/www.vmaxpowerpv.com\/<\/a><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.abnewswire.com\/press_stat.php?pr=68gw-chinas-solar-pv-exports-hit-record-high-in-march-global-rush-driven-by-energy-crisis-and-vat-rebate-policy-adjustment\" alt=\"\" width=\"1px\" height=\"1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>68GWChina Solar PV ExportsMarch 2026 Record$9.1BSolar Cell Export Value+84% Year-on-Year50+Countries HitAll-Time Import Highs In March 2026, China&rsquo;s solar PV product exports reached an unprecedented 68GW, doubling February&rsquo;s figure and breaking the previous record set in August 2025. The single-month export &hellip; <a href=\"https:\/\/www.abnewswire.com\/pressreleases\/68gw-chinas-solar-pv-exports-hit-record-high-in-march-global-rush-driven-by-energy-crisis-and-vat-rebate-policy-adjustment_805509.html\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[401,410,403,404,416],"tags":[],"class_list":["post-805509","post","type-post","status-publish","format-standard","hentry","category-Business","category-Manufacturing-Industry","category-UK","category-US","category-World"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/805509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=805509"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/805509\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=805509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=805509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=805509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}