Apr 04, 2024 04:59 PM
BUSINESS
Chart of the Day: Dutch, Indian Buyers Snap Up Chinese Solar Panels
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The Netherlands and India were the biggest importers of solar panels from China in the first two months of 2024, as price cuts triggered by overcapacity boosted exports of solar equipment.
The Netherlands imported 5.38 gigawatts (GW) of China-made solar modules in January and February combined while India bought 5.33 GW, according to data compiled by analysts at Soochow Securities Co. Ltd. Out of the top 10 export destinations for the product, four were in Europe and three were in Asia, the data show.
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