A planned increase in the cost of Chinese solar exports and the shock to oil and gas supplies from the Iran war drove record solar sales to Asia and Africa
China exported a record amount of solar components and photovoltaic panels last month, signalling that manufacturers are benefiting from stronger demand for clean energy technologies as the Iran war has caused oil and gas prices to soar and threatens supply shortages.
The world’s second largest economy exported solar panels, cells and waferscapable of generating 68 gigawatts (GW) in March – the equivalent of Spain’s entire solar capacity, according to analysis of data from Chinese customs authority by global energy think-tank Ember.
March’s volume was more than double exports in February and 49% more than the previous record set in August 2025. Three-quarters of the increase came from exports to Asia and Africa.
As well as the Middle East conflict, a rush by Chinese manufacturers to export solar modules and cells before an export tax rebate ended on April 1 – adding 9% to solar panel costs – was a major driver of the export spike.