Jinko, Trina, JA Solar, LONGi, Adani Top Solar Module Suppliers in 1H 2022
The top five module suppliers accounted for nearly 52% of the market share
November 29, 2022
Jinko Solar, Trina Solar, JA Solar, LONGi Solar, and Adani Solar were the leading module suppliers to the Indian solar market in the first half (1H) of the calendar year (CY) 2022, according to Mercom’s recently released India Solar Market Leaderboard 1H 2022.
The report provides insights into the industry leaders’ market share and shipment rankings across the Indian solar supply chain.
The top five module suppliers accounted for 52% of the market share.
Besides Adani Solar, two other Indian module manufacturers made it to the top 10 module suppliers list.
The top-ranked companies witnessed some major developments through the year’s first half.
Jinko Solar’s module shipments globally doubled in the third quarter of 2022, according to the company. The N-type module shipments were approximately 3 GW, up 160% sequentially. Jinko Solar has built a vertically integrated solar product value chain, with an integrated annual capacity of 40 GW for mono wafers, 40GW for solar cells, and 50GW for solar modules, as of June 2022. The company has nine production facilities globally. The company announced a maximum efficiency of 25.7% for its large-size monocrystalline silicon TOPCon solar cell.
Trina Solar has announced the groundbreaking of its New Energy Industrial Park project in China to cover almost the entire PV manufacturing chain from polysilicon production to modules based on 210mm and N-type technology. The factory will include production lines with an annual output of 300,000 metric tons of industrial silicon, 150,000 metric tons of high-purity polysilicon, 35 GW of mono silicon, 10 GW of wafer slices, 10 GW of cells, 10 GW of modules, and 15 GW of auxiliaries for modules.
With 12 manufacturing bases and more than 20 branches worldwide, JA Solar’s business covers silicon wafers, cells, and modules. JA Solar products are available in 135 countries and
regions and are used extensively in ground-mounted solar projects and rooftop solar installations of commercial, industrial, and residential customers. The company has been listed on Fortune China 500 and Global Top 500 New Energy Enterprises for several consecutive years. In May 2022, JA Solar released its first n-type PV module, DeepBlue 4.0 X, marking its entry into the n-type PV product market. The company announced the maximum power of their n-type module reaching 625W and efficiency of up to 22.4%. The company’s solar modules are used across multiple utility-scale projects in India, including a 130 MW and a 70 MW ground-mounted project in Maharashtra, a 69 MW ground-mounted project in Telangana, and a 53 MW ground-mounted project in Gujarat, among others.
LONGi Solar has introduced the Hi-MO 6, its first module designed exclusively for the global distributed consumer market. Using LONGi’s high-efficiency hybrid passivated back contact (HPBC) cell technology, Hi-MO 6 achieved a maximum efficiency of 22.8% in mass production. In May this year, LONGi supplied 535 kW bifacial modules to Mahindra Susten, the engineering, procurement, and construction arm of Mahindra Group, for the latter’s 175 MW solar project in Kolayat of Bikaner district in Rajasthan.
Adani Solar is building a fully integrated and comprehensive 10 GW solar manufacturing ecosystem in Mundra, India. The Mundra plant is expected to play host to the entire solar manufacturing ecosystem, from polysilicon to modules, including ancillaries and supporting utilities. The company currently has a solar cell and module manufacturing capacity of 3.5 GW.
Adani was awarded a performance-linked incentive (PLI) amount of ₹6.63 billion (~$81.06 million) for a capacity of nearly 737 MW of vertically-integrated high-efficiency solar modules.
As the country strives towards developing the domestic module manufacturing capacity, the imports during the third quarter of this year saw a decline of 59%. A detailed list of exporters and importers is available by subscribing to Mercom’s India Solar Export-Import Tracker.
A complete list of module suppliers and their market share is available through Mercom’s India Solar Market Share Tracker.