Market Overview

This market resolves YES if Indonesia and Laos together account for more than 40% of US solar module imports by mid-2026.

Context

The share of module imports from Indonesia and Laos has grown to 34.6% in Q1 2025. Module imports from Cambodia have dropped to 0 GW in 2025, and concurrently, there has been an increased presence of alternative sourcing locations in the US module import mix. In 1Q25, US module capacity stood at 50.5 GW; in contrast, US cell capacity amounted to only 2.3 GW. Excluding thin-film module capacity, the U.S. faces a cell capacity gap of approximately 37 GW, necessitating imports from Indonesia and Laos.

Resolution Criteria

Resolves YES if official US trade data or SEIA reports confirm that Indonesia and Laos combined account for more than 40% of US solar module imports (by volume or value) by June 30, 2026. Resolves NO if combined share is 40% or less.

Resolution Source: https://www.seia.org/research-resources/solar-market-insight-report-q2-2025/ (the relevant 2026 report)