Longi, Jinko and also Adani were India's biggest module suppliers in the first fifty percent of 2020

Nov 12, 2020 04:24 PM ET
  • Longi Solar (China), Jinko Solar (China), and also Adani (India) became the leading 3 solar modules distributors in India in the initial fifty percent (1H) of the calendar year 2020. Together, these 3 suppliers accounted for regarding 31 percent of the complete market share.
Longi, Jinko and also Adani were India's biggest module suppliers in the first fifty percent of 2020
Image: Mercom Capital Group LLC

The leading 10 module suppliers cumulatively represented over 74 percent of the overall market share in 1H 2020, according to the "India Solar Market Leaderboard 1H 2020," released by Mercom India, part of Mercom Capital Group.

Longi Solar was India's leading solar module provider in the very first fifty percent of 2020 with a market share of 13 percent. The business remains in the middle of getting solar battery and also module producer Ningbo Jiangbei Yize which has module as well as cell production capacity of 7 GW and also 3 GW, specifically.

Jinko Solar followed with the 2nd greatest deliveries to India in the first half of 2020 (9 percent). Its major running subsidiary Jiangxi Jinko gets on the edge of listing on the Shanghai Stock Exchange's Sci-Tech Innovation Board after some intragroup restructuring. According to the consultancy, Adani was the 3rd largest distributor of modules to the Indian solar market (regarding 9 percent).

Last year, Waaree Energies, Adani Solar, and also Risen Energy were the top 3 solar modules vendors in regards to shipments to the Indian solar market in the calendar year 2019.

This year, India's central government proposed a Basic Customs Duty (BCD) of 20 percent on imported solar batteries and also modules to encourage the domestic production market. Since then, there has been no clarity on the execution of this proposition and the solar module distributors are waiting on it.

India is one of the leading solar markets on the planet having installed concerning 37 GW since June 2020. There are additionally 41.7 GW of large projects under growth, and one more 32.4 GW of projects tendered as well as awaiting auction.

Solar Installers, Manufacturers