JinkoSolar confirm his position on the market as leading global module supplier during 2018.
2. JA Solar
JA Solar established itself as JinkoSolar’s closest rival globally, with the two companies having made strong investments into mono PERC and being firmly committed to Southeast Asia manufacturing hubs to complement Chinese factories.
3. Trina Solar
Trina Solar saw its ranking fall in 2018, as the company went through a year of adjustment coupled with cost savings exercises. However, a strong second-half maintained top 3 status for the company.
LONGi was another winner in 2018, with a strong company focus on seeking non-Chinese module supply growth in most major end-markets. This strategy is expected to continue during 2019.
5. Canadian Solar
Canadian Solar set less ambitious module shipment targets during 2018, with its business model still fundamentally driven by downstream project acquisition, build-out and phased sales to global secondary market long-term owners.
6. Hanwha Q-CELLS
Hanwha Q-CELLS saw its ranking fall in 2018, with the company adjusting to previous Section 201 implications for US shipments, technology upgrades to lines in China, and a less ambitious growth trajectory that overlapped with its going-private actions during the year.
7. Risen Energy
Risen Energy made strong gains in 2018, driven largely by highly effective downstream project activity across Asia that puts the company on a par with Canadian Solar in the grouping above.
GCL-SI maintained top 10 status, but the company’s non-China operations is still a work-in-progress, with all capacity still located in China.
Having been just outside the top 10 in 2017, Talesun is a new entrant to the global top 10 listing for 2018. The company had been one of the first multi-GW capacity Chinese-based companies to focus on non-domestic business (similar to Risen Energy) and its inclusion in the top 10 in 2018 should not come as a surprise.
10. First Solar
Finally in the top 10 rankings above, First Solar remains the only non-Asian and only non-c-Si based company to feature. The company went through most of 2018 with sales demand outstripping module supply, allowing the company to control the phasing of Series 4 and Series 6 line utilizations and ramp-ups.