China's Solar Strategy Shake-up: Incentives Slashed Amidst Global Energy Transition
China has announced its decision to cut VAT export rebates on solar panels, starting April 2026, in a move that will phase out battery storage incentives following Elon Musk's recent negotiations. The policy aims to address overcapacity by increasing the cost of solar installations in Africa, heavily reliant on Chinese imports. However, experts assert that solar energy will remain competitive, offering new opportunities for local manufacturing within the region.
Mar 23