Yingli Green poised to become the no.1 PV module supplier for 2012

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

As the third quarter of 2012 comes to an end – and many of the leading module suppliers are in the midst of reporting second quarter results and attempting to offer guidance for full-year 2012 shipments – it is now becoming possible to form a picture of what the 2012 PV shipment rankings will look like by year-end.

Without a doubt, the landscape of global PV module manufacturing has changed significantly in the past few quarters, with gross margins in the single-digit percentage range at best. So, in such a difficult environment for all upstream PV manufacturers, who will prevail at year-end and notch up the top rankings slot for the most MW of module shipments?

Based on existing company guidance and NPD Solarbuzz estimates of projected module shipments by company through to the end of 2012, we have come up with amost-likelytop-10 list for 2012, where the rankings are provided by full-year module shipments in MW.

The new top-10 list seems more like a reshuffle of 2011, with JA Solar replacing Kyocera at the 10th position being the only notable change.

But this change is important as it shows that JA Solar has now successfully repositioned from a (dominantly pure-play) cell supplier to a leading PV module supplier, and avoided the inevitable ‘squeeze’ of being a legacy pure-play midstream player in an overcrowded low-ASP industry.

But it is Yingli that may capture the headlines by the end of 2012, by taking the No.1 position for the first time ever – a position that was previously occupied by Suntech and First Solar.

In fact, Yingli is also set to challenge the world record of PV module shipment within any calendar year, and become only the second company to post an annual shipment level that exceeds the 2GW-threshold. (Suntech was the first in 2011 with 2,096MW of shipment, and Suntech is likely to be ranked No.2 in 2012).

Trina Solar, First Solar and Canadian Solar are likely to occupy the next 3 ranking positions in 2012. Their full year shipment numbers may turn out to be similar, making final counting and ranking a close call – just 50MW of difference may change the relative positions. A similar situation is likely for SunPower, Jinko Solar, and Hanwha SolarOne, competing for 7th place.

Sharp Solar is likely to be the only Japanese company in 2012 top-10 list. Strong domestic demand (as the result of new Japanese PV incentives) is likely to ensure that Sharp retains the 6th position, compensating for the reduced module production from Sharp’s overseas module plants in 2012.

However, the underlying trend to Chinese module domination still emerges in the top-10 rankings. Seven of the top-10 companies for 2012 are China-based manufacturers. And the other 3 are characterized by having dominant manufacturing presence across Southeast Asia and Japan.

As a total percentage, module shipment from the top-10 companies will be equivalent to almost 50% of global module demand in 2012, increasing from 46% in 2011. The increasing market share of the leading module suppliers is just one consequence of the global PV shakeout of the past 12 months, and is likely to continue in the next few years.

28 September 2021
Solar Solutions International is the largest trade show for solar energy in Northwest Europe. Now the solar market has grown up, it's time for the next step. Solar Solutions International displays more than 500 innovations and over 100 practical seminars concerning the latest in energy storage, smart products, and an ever evolving array of solar panels. As an exclusively B2B trade show, Solar Solutions International offers both exhibitors and visitors the chance to network at the highest level. Duurzaam Verwarmd, the largest trade show for sustainable HVAC technology in the Benelux, is held simultaneously. This way your one visit gets you up to date with all of the developments in both sustainable energy and heating.
6 October 2021
Intersolar Europe is the world’s leading exhibition for the solar industry. It takes place as part of The smarter E Europe – the continent’s largest platform for the energy industry. Under the motto “Connecting solar business,” manufacturers, suppliers, distributors, service providers and project planners and developers from around the world meet in Munich every year to discuss the latest developments and trends, explore innovations firsthand and meet potential new customers.
6 October 2021
The future is bright for a new era of US solar and storage, and the 8th annual Solar & Storage Finance Summit will provide opportunities to discuss solutions to the industry’s challenges and provide a networking platform designed to bring together the top minds in the industry to do business. With a mix of high-level, informative presentations and panels, a stellar cast of speakers and audience members with deal-making capacity, the 2021 edition of the event will be a sell-out success.
18 October 2021
Intersolar South America, South America’s largest exhibition and conference for the solar industry, takes place at the Expo Center Norte in São Paulo, Brazil on October 18–20, 2021, and has a focus on the areas of photovoltaics, PV production and solar thermal technologies. At the accompanying Intersolar South America Conference, renowned experts shed light on hot topics in the solar industry.
19 October 2021
This year’s EV World Congress will hold a special role, not only as the first live EverythingEV event in over a year – a chance to renew your connections and re-engage with the EV sector face to face – but also as a chance to share insight and inspiration as world starts to look towards move on post COVID towards hitting ambitious decarbonisation goals in 2030 and beyond. As ever, we will be bringing world leading organisations, cities, and technology providers to the UK to inspire EV innovators, and delve into the challenges facing the sector as the UK looks to revolutionise road transport.
20 October 2021
Utility-scale solar is evolving, shaped by higher power modules and demand for increasingly lower levelised cost of electricity (LCOE). Those trends are also changing project requirements elsewhere, with inverters capable of delivering high power density and power capacity in strong demand. In this webinar, FIMER will detail how its innovative high-power, multi-MPPT string inverter and modular conversion solution can both meet those demands and transform the utility-scale solar sector for the better.

Read Next

September 24, 2021
Independent power producer Catalyze has acquired commercial and industrial (C&I) solar developer Sol Alliance, expanding its presence in the northeast of the US and taking on an 80MW project development pipeline in the process.
September 24, 2021
California Governor Gavin Newsom has signed a US$15 billion package to fund programmes to tackle drought and climate change in the state
PV Tech Premium
September 24, 2021
Concerns have been raised that new measures introduced by Spain’s government to limit windfall profits of renewable energy plants could dent investor confidence and impact the stability of the country’s solar sector.
September 24, 2021
DNV-owned solar monitoring firm GreenPowerMonitor is to integrate Alteso’s solar analytics tech platform into its offering after striking a deal to acquire it.
September 23, 2021
A project that bids to combine up to 20GW of solar PV with the world’s largest energy storage battery and a 4,200km-long subsea power cable has moved a step forward after Indonesian authorities greenlit its proposed transmission cable route.
September 23, 2021
US national residential and C&I solar plant performance assessment company Omnidian has completed a US$33 million Series B raise.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK
Solar Media Events
December 1, 2021