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,

Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights

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.

Continue Reading with Premium Access

Get unlimited access to in-depth analysis, exclusive interviews, and comprehensive coverage of India's renewable energy sector.

✓Unlimited article access

✓Exclusive market insights

✓Premium research reports

✓Ad-free reading experience

Loading subscription plans...

Already a subscriber? Sign In

Arshreet Singh

Comments

Get the most relevant India solar and clean energy news.

Red Sea Shipping Crisis Hits Key Trade Route for Solar Modules

Continue Reading with Premium Access

Comments

Get the most relevant India solar and clean energy news.

RECENT POSTS