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How did China's solar module exports perform in the first quarter?

[Photo/Xinhua] China's solar module exports rose to 41.3 gigawatts of capacity in the first quarter, up 109 percent compared with the same period of the previous year despite the COVID-19 pandemic, according to the General Administration of Customs.

What are China's top six photovoltaic module manufacturers?

Overseas exports have become the major source of revenue for China's top six photovoltaic module manufacturers, which are also the world's top six, including Shanghai-based solar power energy company Jinko Solar, LONGi Green Energy Technology and Trina Solar, according to news portal Jiemian.com.

Why are Chinese photovoltaic module exports increasing?

According to Luo, the increase in Chinese photovoltaic module exports during the first three months, mostly to Europe, the US and India, also reflects their ambitions to further develop renewable energy while accelerating the process of carbon neutrality.

Does China have a slack in the solar industry?

It is hard to overstate the extent of slack in the solar industry. China’s solar cell production capacity reached about 1,000 gigawatts last year — not only exceeding current global demand but enough, at the rate of last year’s growth, to exceed total projected demand through to 2035.

Will China's solar industry get quotas?

The firms will receive quotas for how much they can produce next year, based on their existing market share and capacity as well as expected demand, according to local media. The CPIA declined to comment on the agreement. The accord comes as China’s solar industry contends with overcapacity, heightened geopolitical tensions and slowing demand.

Which countries export photovoltaic modules?

According to the China Photovoltaic Industry Association, the Netherlands, Brazil and India saw a sharp increase in market share, which respectively account for 24.3 percent, 12.2 percent and 10.3 percent of those modules exported from China. The European market saw a high growth momentum during the first quarter of this year.