As per the numbers released by JinkoSolar, they have achieved strong numbers in the solar module supply market. In India, Jinko has captured a significant market share with shipments reaching 1200 MW+ by the end of 2020. In addition to this, Jinko has also been recognized as one of the top suppliers to India in last quarter (Q4) with a 650 MW shipment number across all segments. The global solar panel manufacturer claims a 22% market share in India with these numbers.
This massive achievement comes in tandem with a record global shipment number of 70 GW+ installations across the globe.
A company spokesperson said, “As we continue to increase our market share in India, we have added some of the best clients and projects in our kitty. Jinko boasts of a rich customer mix between major IPPs, C&I Developers, EPCs and Rooftop players. We have been able to penetrate in the distribution segment as well with our Tiger and Tiger Pro Series modules which are already class performers in the utility segment.”
Jinko has been a market leader when it comes to orchestrating a technology shift from poly to mono in India. He also added, “Jinko has been the advocate of Bifacial technology and its rampant adoption in all future utility scale projects. Jinko has supplied huge capacities to the likes of Azure Power, Fortum, ReNew Power, Mahindra Susten, CleanTech, Hinduja Group, KEC International among others just in 2020 which resonates in our annual shipment number of 1.2 GW+ to India only.”
India remains to be a very important market for JinkoSolar and Jinko has proved that by showcasing exemplary numbers in a challenging year like 2020. Despite the pandemic, raw material price rise and shortage, high freight charges, etc. the company managed to deliver quality shipments to our customers to the tune of more than 1.2 gigawatts speaking volumes about Jinko’s commitment to its customers and playing its part in India’s renewable energy journey.
In recent months, the firm has also been building a strong case for its larger output and size modules, in the 182 mm wafer technology. Jinko is well spread out, with 9 productions facilities globally and 21 overseas subsidiaries. It is one of the largest vertically integrated players in the segment with a 25 GW annual production capacity for solar panels.
A company spokesperson said “With this, we promise for an even better 2021 and thank all our customers, colleagues, and industry counterparts in India in helping us achieve this amazing feat.”