IHS: Yingli tops PV module supplier rankings in 2012

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email

China-based Yingli has been crowned the largest global supplier of PV modules of 2012 by information and analytics provider IHS.

Yingli managed to increase its merchant shipment volumes by 43% year-over-year to leapfrog Suntech.

Suntech’s demise will come as no surprise with factory closures and production cuts last year. Then finally, on 20 March 2013, the manufacturing unit of the company announced insolvency.

US-based First Solar, the two largest suppliers of 2011 however managed to defend its position at number two. Last month, IHS Research selected First Solar as the world’s largest engineering, procurement and construction contractor last year.

REC was the only top 10 supplier headquartered in Europe, which grew faster than most of its Chinese competitors in 2012. IHS said that REC increased its module shipments by 31% year-over-year to 757MW.

With regards to the other suppliers in the Top 10, principal analyst for solar at IHS Stefan de Haan stated: “Canadian Solar, as well as Jinko Solar and Hanwha SolarOne were the only Top 10 companies that managed to grow merchant module shipments at a double-digit rate in 2012 – in addition to Yingli and REC, of course.”

De Haan continued: “SunPower and Trina grew at a slower pace, while Suntech, First Solar and Sharp from Japan saw declining shipment volumes. Global PV end markets increased by a robust 14% in 2012, so on average the leading module suppliers effectively lost some ground.”

The top 10 module suppliers achieved a combined share of 40% of global module shipments, down from 2011’s 46%.

According to the IHS Q1 PV Integrated Market Tracker, the entities gaining share from the top 10 companies were the large, but not yet leading, players that continued to aggressively scale up their operations during a phase of general pessimism.

“Japanese suppliers Solar Frontier and Kyocera expanded output and shipments massively in 2012, and both benefited from the current boom in Japan,” de Haan added. “Solar Frontier climbed from number 14 in 2011 to 11th place in 2012, while Kyocera rose from number 17 to number 12.”

Strong performance was also recorded for Chinese suppliers Renesola, Astronergy, Hareon Solar, and JA Solar, increasing module shipments by more than 200MW for each in 2012.

De Haan reported that the companies that showed positive growth had their fingers in more than one pie to guarantee their growth.

Until 2011 it was sufficient for the leading module suppliers to focus on very few key markets in the world – above all on Germany and Italy – in order to maintain a successful business. However, this situation has changed.

“As a reaction to the shifting of global installation volumes away from Europe, the strategies of top players are increasingly branching out,” de Haan explained.

Yingli generated 24% of its 2012 revenue in China. Jinko is another winner in this market, shipping approximately 400MW to China alone in 2012 while also building up a strong presence in South Africa. For its part, Canadian Solar generated 26% of 2012 sales in the US market and is also one of the strongest imported brands in Japan.

First Solar, on the other hand, is anchoring itself to the Latin America market with the acquisition of a Chilean-based developer and its portfolio.

“A good granular understanding of the supply-and-demand dynamics in tens of individual markets – encompassing mature and emerging spaces alike – will be key to sustainable profitability,” concluded de Haan.

1 December 2021
Join this virtual conference on 1-2 December 2021 for expert presentations covering PV Module Technology, Supply & Site Optimisation for Utility-Scale. Delegates can access streamed presentations, session recordings and chat/messaging tools to connect with fellow delegates and speakers. Speakers include leading developers, manufacturers, testing and research institutes, including: NREL, Silicon Ranch, Sonnedix, Heliene, Powertis, LONGi Solar, JinkoSolar, PVEL, Risen Energy, Seraphim, STS, Trina Solar, Eternalsun Spire, QEERI, Fraunhofer, Estuary Capital Partners and VDE
2 December 2021
Intersolar is the world’s leading exhibition & conference series for the solar industry. As part of this event series, Intersolar India in Mumbai is India’s most pioneering exhibition and conference for India’s solar industry. It takes place annually and has a focus on the areas of photovoltaics, PV production and solar thermal technologies. Since 2019, Intersolar India is held under the umbrella of The smarter E India – India’s innovation hub for the new energy world.
9 December 2021
The Smart Energy Council is hosting Australia’s second Virtual Smart Energy Conference and Exhibition on Thursday, 9 December 2021. This event will show that the industry powers on despite COVID-19 and we are standing together undeterred in spirit. Bringing our global community together using the latest technology.
13 January 2022
Intersolar North America and Energy Storage North America “Come Together” for the first time in Long Beach, CA—connecting installers, developers, utilities, technology providers, policy makers, and key stakeholders from around the world to advance the clean energy future. With best-in-class conference programming, integrated exhibits and pavilions, and the live Solar Games installer competition, #isnaesna21 will showcase the industry trends, innovative solutions, and emerging talent transforming the solar, energy storage, and e-mobility markets. Register today to redeem our exclusive offer for PV Tech readers—free expo hall or 20% off full conference pass.
1 February 2022
As Solar Finance & Investment enters its ninth year, we sit on the cusp of a new power market with solar at its heart. The 2022 edition of the event will build on our years of expertise and relationships to bring investors and lenders together with top developers. Connect with leaders in the field and use exclusive insights to drive investment and development decisions for the future. Meet new and existing project partners at the largest gathering of European solar investors and lenders.
23 February 2022
Held annually since 2016, the Energy Storage Summit Europe is the place to be for senior stakeholders in the European storage industry. Designed to accelerate deployment of storage, we examine evolving chemistries, business models, project design, revenue stacks and use cases for storage. The 2022 edition will include exclusive content around longer duration solutions, energy strategies for wide-scale deployment of EVs and "EnTech", the event which sits at the intersection of digitisation, decentralisation and decarbonation of the power system. Come to meet TSOs, DSOs, Utilities, Developers, Investors and Lenders and leave with new contacts, partners and a wealth of information.

Read Next

November 26, 2021
Renewables developer and asset owner Grasshopper Energy has signed an agreement that could support the development of up to 1GW of solar in Romania by 2030.
November 26, 2021
Portugal has launched its latest solar auction that is set to allocate 262MW of floating PV to be installed at seven dams across the country.
November 26, 2021
The European Commission (EC) has approved a €2.27 billion (US$2.56 billion) Greek scheme to support 4.2GW of installed renewables capacity after assessing it in the context of EU state aid rules
PV Tech Premium
November 26, 2021
Average market prices for 182mm solar wafers fell by nearly 7% this week, falling to levels not seen in almost two months, however other material and component costs have remained high.
PV Tech Premium
November 26, 2021
Faced with the threat of curtailment as more renewables enter the grid, utility-scale solar developers are heightening their focus on hybrid PV-storage projects to take advantage of demand for flexibility services and falling battery costs.
November 25, 2021
Assurance and risk management provider DNV is acquiring cyber security firm Applied Risk as it looks to build a security practice focused on defending industrial assets against emergent cyber threats.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
December 1, 2021
Solar Media Events
February 1, 2022
London, UK
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal