Red Sea Shipping Crisis Hits Key Trade Route for Solar Modules

Higher cost of shipping raises solar module prices by 10% - 20%

February 27, 2024

/ Markets & Policy, Mercom Research Focus

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Prices of solar modules shipped from Asia to Europe have jumped as much as 20% as trade disruptions in the Red Sea, which carries 12% of the world’s seaborne trade, have spiked freight costs.

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Arshreet Singh

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Red Sea Shipping Crisis Hits Key Trade Route for Solar Modules

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Get the most relevant India solar and clean energy news.

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