Investorideas.com
Search  Follow Investorideas on Twitter  Investorideas is on Facebook  Investorideas is on Google Plus  Investorideas is on Youtube  Investorideas is on Pinterest  Investorideas is on tumblr  Investorideas is on LinkedIn  Investorideas RSS 


Investorideas podcasts on iTunes, Google Play Music and iHeart.com    Investorideas.com potcasts - cannabis news and stocks to watch plus insight from thought leaders and experts    Investorideas.com crypto corner    Play by Play – the latest sports headlines and sports stock news

 

Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories

JinkoSolar maintained its position as top solar PV module shipment provider in 2017, says GlobalData

 

May 4, 2018 (Investorideas.com Newswire) JinkoSolar Holding was the leading company for global solar photovoltaic (PV) module shipments in 2017. The company had shipments of 9.7 gigawatts (GW) of PV modules compared to Trina Solar's 9.1 GW, keeping its rival in second place, according to GlobalData, a leading data and analytics company.


The global solar PV module market was valued at $36.71bn in 2017 and is estimated to reach $26.4bn, in 2021, registering a negative compound annual growth rate (CAGR) of 8% between 2017 and 2021. The fall in the market value was mainly due to the fall in module prices.

JinkoSolar reported spectacular results in 2017, with the company reaching the milestone of receiving the first Cradle-to-Cradle (C2C) certificate in China from SGS, one of the world's leading testing, inspection, verification, and certification organizations. This certification highlights JinkoSolar's commitment to high environmental, health, and safety standards.

Ankit Mathur, Practice Head of Power at GlobalData, comments: "JinkoSolar has broken a number of world records for its silicon solar cell and module technology, displaying its technological prowess. The company has maintained its top position in terms of solar PV research and development through its advanced manufacturing process, higher mass production speeds, and enhanced quality control compared to its counterparts."

Trina Solar is also in a strong position in the areas of product quality and reliability, performance, innovation, as well as robust financial management. The company has achieved a number of breakthroughs with its innovative research and development, and its large-area interdigitated back contact silicon solar cell hit a record efficiency of 24.13% in May 2017.

Regarding the other companies which made the top rankings, Canadian Solar Inc. and JA Solar Holdings Co., Ltd occupied third and fourth place, with shipments of 6.9 GW and 6.7 GW, respectively. Hanwha Q Cells Co., Ltd. came fifth with 5.6 GW, GCL System Integration Technology Co., Ltd. was sixth with 4.6 GW, Lerri Solar Technology Co. Ltd stood in seventh place with 4.4 GW, and Yingli lay in eighth spot with 2.9 GW.

Mathur adds: "Lerri Solar Technology Co. Ltd., a subsidiary of LONGi Green Energy Technology, gained substantial ground by entering into the top solar manufacturer ranking in 2017. The company is planning to raise its stakes in the growing market through rapid expansion in domestic and overseas manufacturing facilities. Recently the company announced its plan to increase its production base with a set up 1GW Mono Cell and 1GW Mono Module Manufacturing Facility in India.

"Risen Energy has entered the 2017 top 10 listing of the solar module manufacturers after gaining competitive edge in technology, automation and cost control in the photovoltaic sector. From the past few years the company has been company expanding its presence in markets such as Italy, Germany, Romania and India."

For more information

To gain access to our latest press releases: GlobalData Media Centre

Analysts available for comment. Please contact the GlobalData Press Office:

EMEA & Americas: +44 (0)207 832 4399

Asia-Pacific: +91 40 6616 6809

Email: pr@globaldata.com

About GlobalData

4,000 of the world's largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData's unique data, expert analysis and innovative solutions, all in one platform. GlobalData's mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.


RenewableEnergyStocks.com: investing ideas in renewable energy stocks

Like Renewable Energy Stocks? View our Renewable Energy Stocks Directory

Get News Alerts on Renewable Energy Stocks



More Info:

Investorideas.com Newswire

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders


Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release on the Investorideas.com newswire http://www.investorideas.com/News-Upload/

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

Please read Investorideas.com privacy policy: http://www.investorideas.com/About/Private_Policy.asp