Top 10 Solar Panel Manufacturers and Suppliers in China

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Introduction

 

As the world shifts towards renewable energy sources, solar power has become one of the most promising alternatives to traditional fossil fuels. China, being a global leader in solar panel manufacturing, offers a wide range of high-quality products that cater to various markets worldwide. This article aims to highlight the top 10 solar panel manufacturers and suppliers in China, providing insights into their strengths, innovations, and market positions.

 

 

JinkoSolar

 

Company Background: JinkoSolar is a leading global solar module manufacturer with over a decade of experience in the industry. The company has established itself as one of the largest solar PV module producers globally.

Key Products and Services: JinkoSolar offers a wide range of solar panels, including mono and polycrystalline modules. They also provide comprehensive solar solutions for residential, commercial, and utility-scale applications.

• Founded in , headquartered in Shanghai
• 18+ GW annual module capacity as of , #1 globally
• Produces monocrystalline PERC and multicrystalline solar panels
• Module power output ranges from 325W to 670W
• Products under Tiger, Cheetah, Swan, Lion brands
• Key markets include China, US, Europe, India, Japan, Australia

Trina Solar

 

Overview of the Company: Trina Solar is another major player in the solar industry, known for its reliable and efficient solar panels.

Product Highlights: Trina Solar specializes in high-performance solar modules, including bifacial and multi-busbar designs, which offer higher output and better shading tolerance.

• Founded in , headquartered in Changzhou
• 15+ GW annual capacity
• Produces monocrystalline PERC and multicrystalline panels
• Vertex series panels range from 325W to 670W
• Honey series polycrystalline panels range from 305W to 550W
• Major global supplier of utility-scale projects

Longi Green Energy

 

Company Profile: LONGi is a pioneer in monocrystalline silicon technology and is recognized for its commitment to quality and sustainability.

Focus on Monocrystalline Technology: LONGi's focus on monocrystalline technology has led to the development of some of the most efficient solar panels on the market.

• Founded in , headquartered in Xi'an
• 15+ GW annual mono PERC capacity
• Hi-MO 1 series mono PERC panels range from 330W to 670W
• LR4 series panels range from 330W to 365W
• LR6/LR6-60 solar panels are 410-440W and 450-480W
• Also manufactures HJT solar cells

 

JA Solar

 

Business Scope and Product Lines: JA Solar offers a diverse range of solar products, including modules, cells, and systems integration services.

Manufacturing Capabilities: The company boasts advanced manufacturing facilities capable of producing high-efficiency solar panels at scale.

Strategic Partnerships and International Reach: JA Solar collaborates with international partners to enhance its global distribution network and customer base.

• Founded in , headquarters in Beijing
• 8+ GW annual capacity
• Produces N-type mono PERC and P-type mono PERC panels
• DeepBlue 3.0 series range from 370W-400W, DeepBlue 2.0 panels are 360W
• DeepBlue 4.0 panels up to 450W
• Key markets include China, Asia Pacific, Europe, North America

 

Canadian Solar

 

Global Operations: While headquartered in Canada, Canadian Solar has a significant presence in China and operates multiple manufacturing facilities in the country.

Diversified Portfolio: The company offers a diversified portfolio of solar products, including high-efficiency modules and solar cells.

• Founded in , headquarters in Canada with factories in China
• 9+ GW total annual capacity
• Manufactures polycrystalline, monocrystalline PERC and bifacial panels
• Panel output ranges from 310W-520W depending on type
• HiKu7 series bifacial panels up to 395W power
• Strong engineering and project development capabilities

 

Yingli Green Energy

 

Company Background: Yingli Green Energy is a well-established solar panel manufacturer known for its robust production capabilities and global reach.

Product Highlights: The company offers a variety of solar panels, including both monocrystalline and polycrystalline options.

Market Impact and Achievements: Yingli Green Energy has been recognized for its contributions to the solar industry, including significant investments in R&D and a commitment to sustainability.

• Founded in , headquartered in Baoding, Hebei
• 5+ GW annual mono PERC panel capacity
• Production ranges from multi, mono to advanced n-type HJT cells
• Panda series includes 300W to 365W panels
• Golden Panda mono PERC panels up to 415W
• Strong in Chinese project construction market

 

 

GCL System Integration Technology (GCL-SI)

 

Company Background: GCL-SI was established in and is headquartered in Suzhou, Jiangsu Province, China. It is a subsidiary of the GCL Group and specializes in high-quality solar panels and system integration services.

Manufacturing Capacity: GCL-SI has an annual production capacity exceeding 8 GW for both mono and multicrystalline solar panels.

Key Products:

• • Poly PERC Panels: Multicrystalline PERC panels ranging from 300W to 450W, offering cost-effective solutions for residential and commercial applications.
  • Mono PERC Panels: High-efficiency mono PERC panels ranging from 300W to 500W, known for their high efficiency and durability.
  • Bifacial Panels: Offered in a range of power outputs, these panels provide additional energy yield by capturing reflected light.
  • Additional Features: GCL-SI also manufactures solar cells and offers comprehensive solar solutions tailored to specific market segments.

 

 

Risen Energy

 

Company Background: Founded in , Risen Energy is headquartered in Ningbo, Zhejiang Province. It is a leading global manufacturer of high-quality solar panels and provides comprehensive solar solutions.

Manufacturing Capacity: Risen Energy has an annual production capacity exceeding 10 GW for both mono and multicrystalline solar panels.

• Founded in , headquartered in Ningbo
• 7+ GW annual mono PERC capacity
• Polymeric panel types range from 330-440W
• TITAN series mono PERC panels up to 500W
• Hyper-ion series PERC up to 600W
• Strong brand recognition in China domestic market

 

 

Suntech Power

 

Company Profile: Suntech Power, officially known as Wuxi Suntech Power Co., Ltd., is a global leader in the solar industry with a significant presence in China. The company specializes in the production of high-quality solar panels and systems.

Key Products and Services: Suntech Power offers a wide range of solar panels, including mono and polycrystalline modules, designed for various applications including residential, commercial, and utility-scale projects.

• Founded in , headquartered in Wuxi
• Has gone through restructuring but maintains 1.5GW capacity
• Produces polycrystalline and monocrystalline panels
• Module output ranges from 255W-315W for poly types
• Known for developing early solar technologies

 

 

SunPower

 

High-Efficiency Solar Panels: Shenzhen SunPower specializes in producing high-efficiency solar panels using advanced technologies.
Brand Reputation: The company enjoys a strong brand reputation for reliability and performance.

• Operates 2GW Maxeon IBC panel factory in China
• Maxeon solar cell panels have up to 400W capacity
• Uses proprietary IBC cell manufacturing technology
• Panels used in large scale commercial projects globally

China's dominance in the solar panel industry is evident through the success of these top manufacturers. Each company brings its own strengths to the table, from technological advancements to global distribution networks. As the demand for clean energy continues to rise, these companies are well-positioned to lead the way in sustainable energy solutions.

Nine out of the top 12 manufacturers in Wood Mackenzie's new global solar PV module manufacturer rankings are Chinese companies, according to a report published today, where both fifth and tenth place were awarded to two companies each due to close scores.

Wood Mackenzie's unique scoring methodology evaluated more than 30 solar PV module manufacturers. The ranking examines nine different criteria, including module manufacturing experience, vertical integration, financial performance, capacity utilisation, and more.

Top 10 solar PV module manufacturer ranking in :

Rank

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Manufacturer

Final score out of 100

1

JA Solar

82.9

2

Trina Solar

81.7

3

Jinko Solar

80.8

4

Canadian Solar

78.5

5

LONGi Green Energy

78.0

5

Risen New Energy

78.0

6

TW Solar (Tongwei)

77.6

7

Astronergy

76.3

8

Hanwha Q-cells

75.8

9

DMEGC Solar

74.1

10

Elite Solar

71.4

10

Boviet Solar

71.2

Source: Wood Mackenzie.

Note: Both 5th place and 10th place were awarded to two companies each due to close scores. Companies with scores within 0.3 of each other were given the same rank.

Eight out of the 12 ranked module manufacturers are self-sufficient in cell capacity, stated the report. Tongwei and Risen are the only manufacturers in the ranking that are fully vertically integrated through the whole supply chain from polysilicon to module.

According to the report, seven out of the 12 ranked manufacturers are each expected to exceed 100 GW of module production capacity by . The total capacity of wafers and cells of the top 10 ranked companies is expected to reach 830 GW in the next three years', which is enough to satisfy global demand twice.

In terms of capacity and growth rate, 10 out of the 12 manufacturers had over 100% growth in the past four years, stated the report.

Top 10 ranked manufacturers' module capacity compared to total global capacity and global installation rate, -: '

The report found that the top 10 ranked manufacturers continue to expand despite the oversupply of manufacturing capacity. At the same time, manufacturers are focused on becoming more vertically integrated.'

The top-ranked manufacturers have several strengths in common, 'including more than 10 years of module manufacturing experience, vertical integration, and high capacity utilisation'.

'Our new module manufacturer ranking comes at an optimal time in the evolution of the solar PV supply chain. Manufacturing capacity across the global solar value chain has expanded dramatically, as we've reported for over a year,' said Yana Hryshko, head of solar supply chain at Wood Mackenzie and lead author of the report.

Hryshko added: 'Our ranking reflects a comprehensive summary of the most important criteria that buyers care about when purchasing solar PV modules. The scoring criteria focuses on the items that buyers ask about most frequently in their requests for quotations or requests for proposals.'

ENDS

Notes to Editors

• Wood Mackenzie has released the ranking and scores for the top 10 ranked module manufacturers, but over 20 additional manufacturers are included in the full ranking.
• The ranking is based on vendor surveys, public filings, proprietary databases, and multiple conversations with manufacturers.
• The nine scoring criteria and their weighting:

Criteria

Scoring weight

Module manufacturing experience

15%

Manufacturing capacity and growth rate

5%

Vertical integration

15%

Capacity utilization

15%

Technology maturity

15%

Research and development

5%

Financial conditions

5%

Adherence to ESG and CSR

10%

Availability of 3rd party certification

15%

 

• The full results of the ranking and analysis of key trends is available in the associated research report.

WoodMac at SNEC  

The Wood Mackenzie team will be attending SNEC 13-15 June in Shanghai, including Yana Hryshko, Managing Consultant, Head of Solar Supply Chain ' Asia Pacific. Yana will be speaking at the Conference on 12 June, presentation title: 'Global reach of China's solar and energy storage manufacturers.' 

For more information, please visit 72 Cells Solar Panel OEM.