Top 10 solar manufacturers
PV Tech has ranked the top 10 module suppliers for solar panels, based on shipments in 2017. Energy Digital takes a look at what these solar giants have to offer.
10 | Yingli Green
Ranking 10th on PV Tech’s list, Yingli Green is a solar energy company headquartered in Baoding, China. Since its foundation in 1998, it now employs upward of 19,000 people and has shipped over 85mn solar panels, representing over 20 GW, to over 90 countries. The company was listed on the New York Stock Exchange in 2007 and says it focusses on long-term reliability and performance in its solar products.
9 | Shunfeng
Shunfeng International Clean Energy Ltd claims to have generated over 667,051 MWh of power in total and is a world leader in solar photovoltaic manufacturing. The company produces solar wafers, solar cells and solar modules. Its most recent acquisition, SunTech, which it took over in 2014, has boosted the company’s solar module offering significantly. SunTech was founded in 2001 and works across 80 countries with the aim to “light each corner of the world by use of the cleanest and richest solar energy”.
8 | Risen Energy
Risen Energy was first founded in 1986 and is headquartered in China. In 2010, it launched on the Shenzen Stock Exchange. The company employs around 5,600 people and works on the development, production, sale and service of solar modules and photovoltaic technology. It also produces LED lights covering the commercial lighting, bright lighting and project lighting sectors. Some of the clients Risen supplies lighting for include hotels, supermarkets and hospitals.
7 | LONGi Solar
LONGi solar is a leading manufacturer of mono-crystalline solar modules. The company was established in 2000 and now boasts assets of about $2.78bn, with its most recent revenue having been reported at $1.67bn. Headquartered in China, LONGi conducts research and development as well as producing, selling and marketing its own products. In 2012 it made its debut with an IPO on the Shanghai Stock Exchange. The company describes its goal as delivering “higher efficiency to the global photovoltaic industry”.
6 | GCL-SI
GCL Systems Integration Technology Ltd is part of the Golden Concord Group which was founded in 1990 and has over 30,000 employees. GCL supplies 29.1% of the total worldwide photovoltaic capacity yield and represents a 22.2% share of the photovoltaic silicon market. GCL’s total global assets amount to around $16bn. GCL’s solar offering, GCL Solar Energy utilises economies of scale to bring down the cost of solar, through Chinese manufacturing facilities and lower-cost raw materials as well as investing heavily in research and development.
5 | Hanwha Q-CELLS
Hanwha Q Cells was founded in 1999 and is headquartered in both Seoul, South Korea and Thaleim, Germany. The company produces solar cells and modules which it says are high quality and highly efficient. Its manufacturing facilities can be found in South Korea, Malaysia and China. The business describes itself as a “future-proof, passionate and trusted partner to our investors, installers and end consumers”. Hanwha has markets across the globe including North America, Asia, Europe, Australia, Africa, South America and the Middle East. It has achieved many notable accolades, including the Intersolar Award 2017 and the Solar Industry Award 2017.
4 | JA Solar
Founded in May 2005 and publicly listed on the NASDAQ in February 2017, JA Solar has been the world’s top cell producer since 2010 according to the company website. It has eight production facilities around the world where it works on silicon wafer, cell and module production, and the development, construction, operation and maintenance of photovoltaic power plants. Its main markets are China, Japan and Europe. It produces cells to be sold on to solar manufacturers to assemble and integrate them into modules.
3 | Canadian Solar
Canadian Solar has subsidiaries in over 20 countries and recently acquired Recurrent Energy, bringing it up to 12,000 staff members. It has manufacturing facilities in China, Canada and Vietnam. The company has shipped more than 26 GW of panels in the past 17 years. Along with its subsidiary, Recurrent Energy, the company says it is “ushering the way into a new era of clean, competitive mainstream power”. Under the leadership of its founder, Dr Shawn Xiaohua Qu, the company currently has over 250 scientists working at its three PV research centres.
2 | Trina Solar
Trina Solar is a leading producer of photovoltaic products, applications and services which aims to “boost global renewable energy development around the world for the benefit of all humanity”. Since its foundation in 1997, having gone public in 2006, the company has filed 1,300 patents and delivered 32GW of solar modules within 20 years, which is about 10% of global market share. The company now employs about 15,000 people and in 2016 was named 19th on the “Global Top 500 New Energy Enterprises” list. Trina Solar has also previously been named by Deloitte as the fastest-growing company in China’s tech sector, and by Bloomberg as a Tier 1 Manufacturer.
1 | Jinko Solar
Jinko Solar delivers solar products and solutions to a global market. Sectors it serves span from utility to residential, and it supplies PV products across Asia, Europe, South Africa, North and South America and the Middle East. Jinko enjoys the largest market share across China, Italy, Chile, Mexico, Brazil and South Africa. The company has over 1,200 employees working at eight production facilities around the world, as well as its 16 overseas subsidiaries. Jinko was founded in 2006 but issued an IPO on the New York Stock Exchange in 2012. So far, it has deployed over 12GW of PV products. The company not only manufactures solar panels, but is also known for its important research and development work.