Tag:

JinkoSolar

Jinko Solar Surpasses Trina Solar As World’s Leading Solar PV Module Supplier In 2016

by Joshua S Hill February 19, 2017

Originally published on CleanTechnica
by Joshua S Hill

China-based solar PV manufacturer Trina Solar can no longer call itself the world’s leading solar PV supplier, having been overtaken by Chinese competitor Jinko Solar, according to new figures by research and consulting firm GlobalData.

A year ago, GlobalData confirmed that Chinese solar PV manufacturer Trina Solar had held onto its top spot as the world’s leading solar PV module producer in 2015, producing 4.55 gigawatts (GW) of crystalline modules, ahead of Canadian Solar and Jinko Solar. A year later and the tables have turned somewhat, with Jinko Solar shipping 6.6 to 6.7 GW of solar PV modules compared to Trina Solar’s 6.3 to 6.5 GW. Canadian Solar was relegated to third place, with shipments in the range of 5 to 5.1 GW.

“JinkoSolar has witnessed impressive results over 2016, with the company’s PV modules securing China Quality Certification Center’s Top Runner Program level-one energy efficiency certification that showcases its technological strength,” explained Ankit Mathur, GlobalData’s Practice Head covering Power. Specifically, GlobalData highlighted “JinkoSolar’s efforts to expand across a large and geographically diversified customer base” as allowing “it to leverage its innovative, high-quality solar products, brand recognition and robust sales network to win several opportunities.”

We saw repeated strong growth throughout 2016 from Jinko Solar, with an impressive start to the year and strong mid-year quarterly earnings allowing the company to revise its full-year shipping guidance in November. Trina Solar by no means had a bad year, but there were several lackluster results throughout the year which definitely impeded the company retaining its title as the world’s leading solar PV module supplier.

The remaining solar PV manufacturers came in as follows: JA Solar in fourth place with 4.9 to 5 GW, Hanwha Q CELLS in fifth with 4.8 to 5 GW, GCL System Integration Technology at sixth with 4.6 to 5 GW, and First Solar stood in seventh place with 2.8-2.9 GW. However, most disappointing through 2016 was the performance of Yingli Solar, which only continued to slip further down the rankings. This was highlighted in December, when the company was forced to report a poor third quarter and lower 2016 shipping guidance.

“Yingli, which was responsible for a shipment of around 2.1-2.2 GW in 2016, has not benefited from solar power’s growing popularity in the same way as its counterparts,” explained Mathur. “The company’s liquidity issues and debt repayments caused it to fall from seventh to eighth position in the global rankings.

“The company witnessed a drop in net revenues from Q2 2016 to Q3 2016 primarily because the company’s external PV module shipments lowered along with the average selling price of its PV modules as a consequence of reduced demand in China in Q3 2016.”

February 19, 2017 0 comment

Price Of Solar Hits New Low In Abu Dhabi

by Steve Hanley September 21, 2016

written by Steve Hanley

Just one month ago, the world of renewable energy was stunned when Solarpak Corp Technologica submitted a bid to provide electricity from solar panels in Chile for less than 3 cents per kilowatt. But before the buzz could die down, a consortium composed of Chinese PV manufacturer JinkoSolar and Japanese conglomerate Marubeni Corporation has shattered that mark by a whopping 17%.

Solar farm

It submitted the lowest bid to the Abu Dhabi Water & Elritricity Authority to supply 350 megawatts of power.at just 2.42 cents per kilowatt. As part of the bid, the group said it would provide 1,170 megawatts of power for a mere 2.3 cents per kilowatt if ADWEA was interested in a larger solar power system. The winning bid was reported by PV Magazine. By comparison, the average wholesale cost of electricity in the United States is between 5 and 6 cents per kilowatt.

September 21, 2016 0 comment

Solar Modules

JA Solar Opens 400 MW Solar Module Production Line In Malaysia

by Saurabh Mahapatra October 28, 2015

written by Saurabh Mahapatra

One of the largest Chinese module manufacturers, JA Solar Holdings Co Ltd., has announced that it has launched a new 400 MW solar cell production facility at Panang, Malaysia.

JA Solar invested approximately MYR300 million (US$70 million) in the facility located in the Penang Bayan Lepas Industrial Park. The facility is expected to generate about 700 job opportunities for local people, and would be able to accommodate further expansion in production capacity as and when required to meet the growing overseas demand.

This facility will be the first production unit of JA Solar outside China. Setting up the facility outside the home country would have a dual advantage as it would not attract US anti-dumping duties on solar panels and would also help the company to expand its footprint in the other emerging solar markets.

The new 400 MW facility will be producing high efficiency multi-crystalline solar cells which will account for 10% of the company’s overall production. The production at the facility is expected to start within 2 weeks, with first batch of cells ready for shipment to overseas market before the end of this year.

The company has already secured all necessary business, manufacturing and environmental licenses and approvals from the local authorities in Malaysia.

Most of the large Chinese solar manufacturers have already started building production facilities in neighboring Southeast Asian countries like Thailand, Malaysia and Singapore to continue to supply to attractive solar markets like EU and US despite the threat of widening anti-dumping investigations in the near future.

In May, leading Chinese solar company Trina Solar had announced that it is building a 700MW cell and 500MW module production facility in Thailand. Another renowned Chinese manufacturer, JinkoSolar, is also setting up a 950MW cell and module manufacturing facility in Malaysia which is expected to be commissioned this year.

According to a recent report from a private firm, more than one-tenth of all production capacity of China’s leading solar firms will be located overseas by 2016, reaching more than 5.3 GW of solar cell capacity by the end of this year.

October 28, 2015 0 comment

Market Research PV Solar Modules Solar PV Manufacturing Solar Research

Canadian Solar Could Become The Global Market Leader In 2015

by Christopher DeMorro March 12, 2015

written by Christopher DeMorro

The amount of interest and money in solar power has never been higher, and there’s a sizzling battle over the title of the top solar parts producers. In 2014, China’s Trina Solar is estimated to have shipped the most solar parts, replacing its domestic rival Yingli Green. Waiting in the wings, though, are Canadian Solar and JinkoSolar, which are both candidates to replace Trina in 2015.

PV-Tech.org reports that Trina Solar is estimated to ship anywhere from 4.4 GW to 4.6 GW worth of solar equipment in 2015, a huge jump from 2009 when it shipped around 400 MW (0.4 GW). In comparison, Canadian Solar is expecting shipments in the area of 4.0 GW to 4.3 GW, almost within the margin of error of Trina’s estimates. JinkoSolar could make a push to become a top parts supplier in 2015 too, though it estimates moving much less than Trina Solar and Canadian Solar, in the sphere of 3.3 GW to 3.8 GW.

Yingli Green had been the top solar parts producer in 2013 (and 2012), but production capacity restraints and loss of profitability will almost certainly see the company cede its top spot to Trina. Yingli also has to wrestle with about $2 billion in debt, whereas Canadian Solar has just $297 million in long-term debt. In order to get back on top, Yingli has to bring more production in-house.

The thing is, though, 2015 is poised to see more residential and commercial solar installations than ever before in history. There’s a lot of money up for grabs, and its quite literally one of the best investments humanity can make right now. Regardless of what company sells the most solar panel equipment and parts, we all win.

March 12, 2015 0 comment

Market Research PV Solar Modules Solar PV Manufacturing Solar Research

Yingli Still #1 Solar Manufacturer

by Zach April 8, 2014

written by Zach

With nearly 10% of the solar module market in 2013, Yingli Green Energy (YGE)* retained the #1 spot in the market.

To be more exact, 9.4% of solar module capacity sold in 2013 came from Yingli. #2 was Trina Solar, which accounted for 8.2%; #3 was Sharp (thanks to a strong solar market in its home country of Japan), with 6% of the global market; #4 was Canadian Solar (after sitting in second back in 2012), 5.4%; and #5 was JinkoSolar (replacing JA Solar).

Such rankings can vary a bit from one market research firm to another. This ranking comes from GlobalData.

*Full disclosure: I hold stock in Yingli Green Energy (YGE). I’m “long” Yingli, as they would say.

April 8, 2014 0 comment

PV Solar Modules Solar PV Manufacturing

JinkoSolar Launches New Smart Modules

by Zach February 27, 2014

written by Zach

It may not get the attention that First Solar, SunPower, and Yingli Green Energy get, but JinkoSolar is routinely one of the top 10 solar module manufacturers in the world.

JinkoSolar just yesterday launched a new series of “Smart Modules,” boosting efficiency.

“JinkoSolar Smart Modules correct mismatch issues towards cells and module strings by using embedded cell optimizer ICs that provide sub-panel level Maximum Power Point Tracking (MPPT) functions. This allows any underperforming cell or module strings to continue contributing power to the string while not restricting the flow of the others. The Smart Modules will also significantly minimize the risk of hot spots which are the primary cause of module failure. Electricity generation increases approximately 20% when compared with standard solar modules which tend to have difficulty operating in unfavorable conditions such as in the shade, under clouds that aren’t oriented properly.”

JinkoSolar has production operations in the Jiangxi and Zhejiang Provinces in China, and it has sales and marketing offices in Shanghai and Beijing, China; Munich, Germany; Bologna, Italy; Zug, Switzerland; San Francisco, the United States; Queensland, Australia; Ontario, Canada; Singapore; Tokyo, Japan; and Cape Town, South Africa.

Images via JinkoSolar

February 27, 2014 0 comment

PV Solar $Solar Modules Solar Research

4 Solar Stocks Surging More Than SolarCity

by Zach May 28, 2013

written by Zach

I don’t follow stocks much, but my interest in cleantech stocks has been growing since I’ve been covering this sector for years. I recently ran across a couple of interesting posts on solar stocks that I thought were worth a share.

First, Solar Power World’s Frank Andorka recently conducted a very interesting interview with Peter Lynch — an advisor to Principal Solar Institute, an investment banker, and an expert in renewable energy. The interview focused on investing in solar stocks, and simply investing, in general. I won’t try to summarize it, but I think it’s worth a listen, so click on through to that link fo that.

May 28, 2013 0 comment