China's solar exports double in H1 2022 as module deliveries soar

• The value of Chinese solar PV exports during the very first fifty percent of 2022 more than doubled year-on-year as module deliveries surged, according to new government figures.

China exported US$ 25.9 billion of PV products in H1 2022, a boost of 113%, while module exports leapt 74% to 78.6 GW, the nation's Ministry of Industry and also Information Technology claimed this week.

The country's polysilicon result during the 6 months was around 365,000 tonnes, a year-on-year increase of 53%, while wafer manufacturing rose 46% to concerning 152.8 GW.

According to the ministry, China's H1 2022 crystalline silicon module output enhanced by 54% to 123.6 GW.

Publication of the figures complies with a report published previously this month by the International Energy Agency (IEA) that warned of China's growing PV production supremacy, recommending that the country's share of international polysilicon, ingot as well as wafer manufacturing will certainly soon reach almost 95%.

The IEA stated China is the most cost-competitive location to produce all components of the solar PV supply chain, with costs in the nation 10% less than in India, 20% lower than in the United States and 35% less than in Europe.

Solar investment in China throughout the first 4 months of 2022 increased greater than 200% year-on-year to US$ 4.4 billion, figures from the country's National Energy Administration (NEA) disclosed.

The NEA has forecasted that China can install approximately 108GW of solar this year, virtually double the 54.88 GW deployed last year.