Chinese solar exports hit record 68GW in March 2026 – Ember

For instance, exports to India grew by 6.6GW between February and March 2026, the most to any single country, and reflecting a 141% month-on-month growth rate. Over the same month, the consumer price index in India rose to 3.4%, up from 3.21% the previous month, according to Bloomberg, as the conflict has raised crude oil prices and limited gas supplies, putting pressure on India’s energy supply.

Africa, meanwhile, was the continent to see the largest month-on-month increase in solar exports from China, with exports rising 176% in March. This was led by Nigeria, which saw a 519% month-on-month increase, followed by Ethiopia with a 391% increase and Kenya with a 207% increase. The three countries each imported over 1GW of solar PV products in a month for the first time, and Ember noted that this trade “predominantly” consists of solar cells.

Shifting manufacturing capacity

These trends follow a number of announcements of new manufacturing projects in Africa, as several East Asian companies have sought to circumvent US legislation that makes it expensive to export products to the US by building manufacturing bases in Africa. For instance, in Egypt alone, EliTe Solar started work at a 5GW cell and module manufacturing facility, while GCL has announced plans to build its own manufacturing plant in the country.

More broadly, upstream components, such as cells and wafers, are now accounting for a larger proportion of China’s total solar exports. According to Ember, cell and wafer exports first exceeded module exports in October 2025, and between February and March this year, cell and wafer exports rose 108% to 36GW.

However, this legislation did not dissuade US buyers from acquiring solar products made in China in March. The US was one of several larger economies to set an all-time record for volume of solar products acquired from China last month, alongside Australia, France, India, Italy and Japan, and the map above shows which countries set records for imports of Chinese solar products in March.

“Solar has already become the engine of the global economy, and now the current fossil fuel price shocks are taking it up a gear,” said Ember senior analyst Euan Graham. “Countries are importing solar modules at record levels, and building up their own domestic assembly and manufacturing capabilities to address surging global demand.”

Ember did note, however, that factors beyond the current energy crisis could have affected Chinese export figures. On 1 April, the Chinese Ministry of Finance and State Taxation Administration will end export tax rebates for the VAT of solar PV products exported overseas; in effect this means Chinese PV manufacturers will not be able to claim back as much as 13% of their VAT for products sold to other countries, as they once did.

This is likely to cause manufacturers to increase the prices of their products, with this cost passed on to buyers. It’s possible that the ending of these rebates at the start of April triggered a rush of activity, as international buyers sought to acquire Chinese products quickly, before an anticipated price increase from 1 April.