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BUSINESS

Philippines becomes China’s largest market for solar panels

Kate Villar·13 July 2026, 1:17 pm·1 min read

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Philippines becomes China’s largest market for solar panels
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  • The Philippines becomes China’s single-biggest overseas market for solar panels in 2026, featuring a cutting-edge panel and battery technology from one of the world’s top solar manufacturers, Jinko Solar.

    Economies across Asia have been affected by rising utility bills in the previous months since the Middle East conflict, prompting people to look for an alternative energy supply.

    In Davao, Beijing's solar producers have found a growing market amid the continuous rise in electricity bills, even surpassing Pakistan.

    Alongside this, China is recognized as the world’s most inexpensive and most advanced solar technology, producing about 80 per cent of global supply.

    Furthermore, exports to the country more than doubled in the first five months of 2026 compared to the last year, according to Trade Data Monitor, and in March alone, imports soared 262 percent year on year.

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