LONGi, Jinko, and Adani emerge as top module suppliers H1 2021: report

LONGi Solar, Jinko Solar, and Adani Solar have been the leading module suppliers to the Indian solar market in the first half (1H) of the calendar year (CY) 2021, according to Mercom’s recently released report India Solar Market Leaderboard 1H 2021.

The top three module suppliers accounted for 50 per cent of the total market share. LONGi Solar led with a 28 per cent market share, followed by Jinko Solar with 14 per cent, and Adani Solar with 8 per cent. The top ten module suppliers accounted for nearly 77 per cent of the market share.

LONGi Solar registered the highest year-over-year growth in 1H 2021. Moreover, LONGi, Jinko, and Adani Solar had also topped the solar module suppliers list in CY 2020. The three manufacturers had accounted for approximately 33 percent of the total market share last year.

India is focusing on increasing the domestic manufacturing capacity of solar cells and modules to meet the high demand from solar developers and minimizing reliance on imports.

In November last year, the Union government said it would allocate Rs 1.45 trillion for ten critical sectors over five years under the production-linked incentive (PLI) program, including high-efficiency solar photovoltaic modules.

The Indian Renewable Energy Development Agency’s bids to set up manufacturing capacities for vertically integrated high-efficiency solar modules under the PLI program received a robust response. The bidders quoted a total capacity of 54.8 gigawatts (GW) for polysilicon, ingot-wafer, cell, and module manufacturing.

The tender followed the Union Cabinet’s approval to implement the PLI program to achieve gigawatt-scale solar module manufacturing capacity with an outlay of Rs45 billion. Of the top ten module suppliers who made it to Mercom’s Market Leaderboard in 1H 2021, Adani Solar, Waaree, Vikram Solar, and Emmvee have bid for manufacturing capacities under the PLI program.

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