SOLAR PHOTOVOLTAIC (PV) MARKET ANALYSIS

Leading Companies

Global Solar Photovoltaic (PV) Market: Key Developments

In March 2021, A contract has been secured by First Solar Inc. from Intersect Power to supply 2.4 GW DC of solar modules. The company supplies Series 6 photovoltaic solar modules through this contract.

In September 2020, JP Energie Environment selected First Solar’s Series 6 photovoltaic solar modules for its 59- megawatt (MW) DC Labarde solar power plant.

In August 2020, First Solars’ 141-megawatt (MW) Luz del Norte photovoltaic  (PV)  power  plant  became  the world’s  first  known  utility-scale  solar  facility licensed  to  deliver  ancillary  grid  services commercially.

In June 2020, A 15-year power purchase agreement (PPA) was signed by First Solar with chemical company Dow for its Gulf Coast operations. Under this agreement, First Solar supplies renewable energy from 75% of its 200- MWac Horizon Solar project in Frio County, Texas. Moreover, this project uses First Solar’s Series 6 PV modules, designed and developed at the company’s R&D centers in California and Ohio.

In Apirl 2021, Suntech signed a co-operation agreement with Lead Intelligent and Leadmicro for establishing the first digitized smart factory for high-efficiency (24%) TOPCon PV Cells. The total capacity is expected to be 2 GW

In March 2021, SunTech announced the IEC certification and launch of its Ultra V series for European markets

In October 2021, Suntech announced the launch of the Phase I Zibo 3GW PV Module Project in Zhoucun District, Zibo City. The plant will produce  210mm  large-size  multiple  busbar  and  high- performance module, with 182mm multiple busbar cells production  as  supplementary,  which  will  realize  mass production of 560 W+ modules, and is expected to be functional by March 2021

In December 2020, Sharp Energy Solutions completed 50 MW DC solar project in Binh Dinh province, Vietnam. This project has taken Vietnam’s total installed solar capacity to 340 MW DC.

In January 2021, Sharp Energy Solutions Corporation (SESJ) announced the completion of two rooftop solar array installations totalling of 5 MW DC in Thailand. The photovoltaic (PV) systems were built on top of the Bang Pa-in and the Lopburi factories.

In May 2020, Jinko Solar announced the official launch of its 2020 flagship Tiger Pro module series. The module series can generate maximum power output of up to 580 Wp, which is 40% higher than current mainstream products installed in utility projects.

Global Solar Photovoltaic (PV) Market: Key Companies Insights

The global solar photovoltaic (PV) market is highly competitive. This is attributed to continuous launch of new technologies due to ongoing R &D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies in order to expand their presence on regional as well as global basis. Some of the key players in the global solar photovoltaic (PV) market are First Solar Inc., Suntech Power Holdings Co. Ltd, Sharp Corporation, JinkoSolar Holding Co. Ltd, JA Solar Holdings Co. Ltd, Trina Solar Ltd, Hanwha Q Cells Co. Ltd, Acciona SA, Canadian Solar Inc., SunPower Corporation, and LONGi Green Energy Technology Co. Ltd