Trina Solar Overtakes Yingli Green Energy as World’s Top Crystalline Module Producer

Trina Solar Limited (Trina Solar) became the world’s top producer of crystalline modules in 2014, responsible for 7.9% of global production and displacing Yingli Green Energy (Yingli) as the market leader, according to the research and consulting firm GlobalData.

The company’s latest findings show that global crystalline module production grew from 33 Gigawatts in 2013 to 44 GW in 2014 at an annual growth rate of 33.3%, with Trina Solar producing an estimated 3,500 Megawatts last year.

“Trina Solar was able to surpass Yingli’s module production by around 150 MW in 2014, despite the latter’s increase in production. JinkoSolar Holding (JinkoSolar) jumped up two positions from fifth in 2013 to third in 2014, as its market share increased from 5.2% to 7.3%. JinkoSolar replaced Sharp Corporation (Sharp), which fell from the third-ranking company to the sixth due to a decrease in sales,” according to Sameer Joshi, Director of Research and Analysis for Power and Alternative Energy at GlobalData.

The top five manufacturers alone accounted for more than one-third of overall production, which is along the same lines as 2013 estimates, according to GlobalData. Among the top five companies in 2013, Yingli and Sharp were the only two to go down in the 2014 rankings.

“Canadian Solar Inc. retains fourth position, with a 5.6% share in 2014, while JA Solar Holding (JA Solar) is the only company to have entered the group of top five manufacturers in terms of module production,” Joshi said. “GlobalData estimates that JA Solar’s production in 2014 increased by more than 53% over the previous year to 2,300 MW, equivalent to 5.2% of the market.”

Have you checked out our YouTube page?

We have a ton video interviews and additional content on our YouTube page. Recently we debuted Power Forward! -- a collaboration with BayWa r.e. to discuss higher level industry topics as well as best practices / trends for running a solar business today.

Our longer running side project is The Pitch -- in which we have awkward discussions with solar manufacturers and suppliers about their new technology and ideas so that you don't have to. We've discusses everything from residential rail-less deck attaching and home solar financing to large-scale energy storage value stacking and utility-driven new home solar + storage microgrids.

We also post our Project of the Year announcements there! Interviews with this year's winners will be up starting the week of Nov. 8. Head there and subscribe today to stay on top of all this extra stuff.

Tags: , ,

Comments are closed here.