English

  • Malaysia's solar companies are accelerating procurement of solar panels and components ahead of the expiration of China's VAT export tax rebates
  • China officially abolished VAT export rebates for solar products starting April 1, 2026, following a joint policy notice issued by the Ministry of Finance in January 2026
  • The policy change is expected to increase the cost of Chinese-manufactured solar modules exported to Southeast Asian markets, including Malaysia
  • Malaysia's renewable energy market continues to expand in 2026, driven by growing data centre demand and the government's commitment to the National Energy Transition Roadmap (NETR)
  • Solar developers and EPC contractors in Malaysia are front-loading inventory to lock in lower prices before the full impact of the tax rebate removal takes effect
  • China's solar cell exports rose 43% year-on-year in the first four months of 2026, indicating strong global demand despite the policy shift
  • The end of Chinese export subsidies could reshape the competitive landscape for solar projects in Malaysia, potentially benefiting local manufacturers and alternative suppliers

中文

  • 马来西亚太阳能企业正在中国增值税出口退税到期前加速采购太阳能组件和零部件
  • 中国自2026年4月1日起正式取消太阳能产品增值税出口退税，这是财政部于2026年1月发布的联合政策通知
  • 该政策变化预计将导致中国生产的太阳能组件出口到东南亚市场（包括马来西亚）的成本上升
  • 马来西亚可再生能源市场在2026年持续扩张，主要受数据中心需求增长和政府推进国家能源转型路线图（NETR）的驱动
  • 马来西亚的太阳能开发商和EPC承包商正在提前囤货，以锁定较低价格，避免退税取消后的全面价格影响
  • 2026年前四个月，中国太阳能电池出口同比增长43%，表明尽管政策调整，全球需求依然强劲
  • 中国出口补贴的取消可能重塑马来西亚太阳能项目的竞争格局，有利于本地制造商和替代供应商