Who exports solar modules to the US?

It is among the largest exporters of solar modules to the US. Several of their firms have plans to expand. For example, the local Sunova Solar Technology in Vietnam exports its solar modules to the US market. It had also announced the opening a solar module manufacturing center in the US in 2024.

Does India export photovoltaic modules?

The export of Indian photovoltaic (PV) modules has risen exponentially by more than 23 times between Fiscal Year (FY) 2022 and FY2024, primarily to the US, which accounted for more than 97% of India’s exports in both FY2023 and FY2024.

Is India a net importer or exporter of photovoltaic (PV) products?

India is making significant progress in transitioning from a net importer to a net exporter of photovoltaic (PV) products. In Fiscal Year (FY) 2024, Indian PV manufacturers exported approximately US$2 billion worth of PV modules. The export value of PV modules from India increased by more than 23 times in just two years between FY2022 and FY2024.

Which countries import PV modules?

The total for all types of PV modules is provided. Table 7. Information in Table 7 covering imports has been consolidated into four categories: China, Singapore, Taiwan & Vietnam; Malaysia; South Korea, Thailand, and United Arab Emirates; and All Others and Unknown. All Others and Unknown includes data from annual and monthly respondents.

What data is included in the photovoltaic industry report?

This report includes summary data for the photovoltaic industry from annual and monthly respondents. Data include manufacturing, imports, and exports of modules in the United States and its territories. Summary data include volumes in peak kilowatts and average prices.

Are Indian solar modules a lucrative market?

Several Indian solar module manufacturers have eyed the US as a lucrative market to sell their solar modules. Indian solar companies like Vikram Solar and Waaree have already planned to open their factories in the US to get the benefits of the IRA of the US.