According to consultancy GlobalData, JinkoSolar set many benchmarks in 2016, beating Trina Solar into second place in terms of solar PV module shipments, with shipments of 6.7 GW of PV modules compared to Trina’s 6.3-6.55 GW. But 2016 has not been without its problems. The industry was hit by significant setbacks in the second half of the year: the significant drop of the module price due to severe oversupply, the euro zone clouded over and the unexpected result of US presidential election. Despite this, JinkoSolar has maintained and even surpassed its ambitious targets.
With sales of 6.7 GW, JinkoSolar is now the world’s No.1 brand. Exceeding a 50% annual growth rate for five years running, it is now ranked 16th in Fortune magazine’s 2016 Fastest Growing Companies. Its products have just been awarded by Photon Lab as “Best Module of The Year” for the fourth successive year. Its star product, the Eagle series, performed very successfully in 2016, helping JinkoSolar win China’s “Top Runner” programme. Meanwhile, the company’s new products that include a 1,500 V module, have stimulated strong demand in the US, Latin America, Europe and Australia.
JinkoSolar is the undisputed leader in China and it has further extended its lead in this market. As the top premium brand, it delivered over 2,400 MW to China in one year. In the US, it is also the No. 1 in the utility segment, with a new sales record of 2,100 MW in 2016. In key solar markets such as the UK, Turkey, Ukraine, it is leading the local market with over 400 MW module deliveries.
Article published in: FuturENERGY January-February 2017