Trade and tariff analytics
2026-04-26
9 minute read
5 sources
Solar PV Manufacturing 2026: China Oversupply, US Tariff Defense, India Capacity Ramp
Module prices have collapsed under Chinese overcapacity, while Washington and New Delhi build parallel domestic supply chains behind tariff walls and production credits. We map the new geography of solar manufacturing and translate it into procurement, hedging, and policy decisions for 2026 to 2028.
The solar photovoltaic industry enters 2026 with roughly twice the module manufacturing capacity that global demand can absorb, almost all of it concentrated in China. Module spot prices have fallen below ten cents per watt, wiping out margins for integrated producers and forcing capacity rationalization. The United States has responded w...