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 calendar year (CY) 2022, according to Mercom’s recently released India Solar Market Ranking 1st half of 2022
The report provides insight into the market share and supply ranking of industry leaders in the Indian solar supply chain.
The top five module vendors account for 52% of the market share.
Apart from Adani Solar, two other Indian module manufacturers made it to the top 10 module suppliers list.
The top-ranked companies witnessed some major developments in the first half of the year.
Jinko SolarGlobal module shipments doubled in the third quarter of 2022, according to the company. N-type module shipments were approximately 3 GW, a sequential increase of 160%. Jinko Solar has built a vertically integrated solar product value chain with an integrated annual capacity of 40 GW for mono wafers, 40 GW for solar cells and 50 GW for solar modules by June 2022. The company has nine manufacturing facilities worldwide. The company announced a maximum efficiency of 25.7% for its large size TOPCon monocrystalline silicon solar cell.
Trina Solar announced the groundbreaking of its new energy industrial park project in China to cover almost the entire PV production chain from polysilicon production to modules based on 210 mm 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 monosilicon, 10 GW of wafers, 10 GW of cells, 10 GW of modules and 15 GW of module support facilities.
With 12 production bases and more than 20 branches worldwideJA SolarThe business covers silicon wafers, cells and modules. JA Solar products are available in 135 countries and
regions and are widely used in ground solar projects and rooftop solar installations of commercial, industrial and residential customers. The company has been listed in Fortune China 500 and Global Top 500 New Energy Enterprises for several consecutive years. In May 2022, JA Solar launched its first n-type PV module, the DeepBlue 4.0 X, marking its entry into the n-type PV product market. The company announced that the maximum power of their n-type module reaches 625W and efficiency up to 22.4%. The company’s solar modules are used in multiple projects in India, including a 130 MW and 70 MW onshore project in Maharashtra, a 69 MW onshore project in Telangana and a 53 MW onshore project in Gujarat, among others.
LONGi Solar introduced 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 bilateral modules to Mahindra Susten, the engineering, supply and construction arm of the Mahindra Group, for the latter’s 175 MW solar project at Kolayat, Bikaner district in Rajasthan.
Adani Solar is building a fully integrated and end-to-end solar power generation ecosystem of 10 GW in Mundra, India. The Mundra plant is expected to host the entire solar manufacturing ecosystem, from polysilicon to modules, including ancillary and support facilities. The company currently has a solar cell and module manufacturing capacity of 3.5 GW.
Adani was awarded a performance-linked incentive (PLI) of ₹6.63 billion (~$81.06 million) for a capacity of nearly 737 MW of vertically integrated high-efficiency solar modules.
As the country seeks to develop domestic module manufacturing capacity, imports in the third quarter of this year saw a 59% drop. A detailed list of exporters and importers can be found by subscribing to Mercom’s India Solar Export-Import Tracker.
A complete list of module suppliers and their market share is available via Mercom’s India Solar Market Share Tracker.