JinkoSolar Top Module Supplier During H1/2020

PV InfoLink Global Solar Module Shipment Ranking For H1/2020 Places JinkoSolar On Top; LONGi Follows Next With Over 7 GW Shipped
10:04 PM (Beijing Time) - 18. August 2020

Even though JinkoSolar is yet to declare an official statistic for its module shipments during H1/2020, PV InfoLink’s calculations see it as the top module supplier during the period in terms of global shipments. (Photo Credit: TaiyangNews)

Key Takeaways

  • PV InfoLink on its WeChat account has released a list of top 10 companies with the largest module shipments during H1/2020
  • JinkoSolar continues to be the top grosser followed by LONGi; Trina Solar and JA Solar both shipped over 5 GW to claim next 2 spots
  • During H2/2020, analysts expect tier 1 companies to claim larger market share as most demand is likely to come for bifacial solar and ground mounted projects in China
  • The top 10 manufacturers were able to increase their shipment shares n H1 to 85% in total

JinkoSolar has shipped more solar modules than any other company during the first half of 2020, according to solar market intelligence firm PV InfoLink. The module supplier shipped 3.41 GW in the first 3 months of 2020 and is yet to release its financial and shipment details for Q2/2020 but it guided for anywhere between 4.2 GW to 4.5 GW for the second quarter (see JinkoSolar: COVID-19 Delayed Q1/2020 Shipments).

On its WeChat account, PV InfoLink has reportedly put LONGi on the second spot with more than 7 GW shipped during the reporting period, followed by Trina Solar and JA Solar on 3rd and 4th spots with each having shipped more than 5 GW. Canadian Solar, Hanwha Q Cells, Risen Energy, First Solar, Chint and Suntech occupy the other ranks in the top 10 list, in that order.

“In addition to the ranking changes compared to 2019, the concentration of component shipments this year has increased sharply due to the impact of the epidemic and the rapid change in product wattage,” said PV InfoLink. “First-tier manufacturers took advantage of cost advantages in the first half of the year, the rapid upgrade and conversion of large-size products, and the consolidation of overseas shipment channels.”

PV InfoLink also observes that the COVID-19 pandemic hurt smaller manufacturers all the more as tier 1 companies or the top 10 constituted about 85% of the total market share compared to the last few years when their collective market share was stable between 60% to 70%. During H2/2020, the market share will be impacted by Chinese demand for ground mounted projects, growing preference for bifacial solar but shipments will still be concentrated among the tier 1 producers.

For 2019, PV InfoLink placed JinkoSolar on the top of this list with 14 GW of annual shipments (see PV InfoLink: JinkoSolar As Top Module Supplier In 2019). In 2020, the company has guided for 18 GW to 20 GW of cumulative module shipments.

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani