Jinko Rides India’s Solar Recovery With A 528 MW Module Contribution In Q2

Highlights :

  • The Chinese major has become a market leader with its consistent, quality supplies.
  • It is the post March 2022 scenario that will worry foreign market leaders right now, as new duties kick in.

Jinko Solar, with deliveries of 528 MW continued to lead the India solar market in Q2, according tp the company. India added 2.1 GW solar capacity in the second quarter of 2021, taking the country’s total installed solar base to 46 GW. Despite lockdowns and challenges faced due to the pandemic, the sector saw a stable utility scale capacity addition. Jinko Solar’s modules accounted for 20% of India’s Q2 deployment on ground. These figures have been  reported by Bridge to India, a research agency, in their latest quarterly report covering the sector. Jinko Solar’s flagship model Tiger Pro, which is believed to have been dominating the market since last year, contributes the most to Jinko’s numbers. For Jinko, this continues its strong show from Q1 this year.

New statistics released by Bridge to India show that about 2110 MW of solar capacity was added between April and June, with around 84% (1785 MW) in the utility scale segment. Jinko was the highest contributor to this number, accounting for 528 MW alone between some of the most reputed IPPs and project developers across segments. This was achieved despite raw material sourcing issues, demand pressures, volatile upstream pricing, restricted movement of equipment, supply shortages among other challenges posed by the COVID-19 pandemic.

JinkoSolar having built a strong foothold in large-scale utility markets in India, also saw rapid adoption of its products in the DG segment during the second quarter. “Moving to the third quarter of 2021, JinkoSolar’s Tiger and Tiger Pro ultra-high power series modules will continue to meet the increasing demand and expand our market share in the high-end distribution market,” said Daniel Liu, General Manager, JinkoSolar – South & Central Asia.

“JinkoSolar was the leading supplier to India during the first quarter in terms of shipment capacity with more than 800 MW of solar modules shipped and delivered to customers across the country. The second quarter was crucial for the company as we saw successful installation and commissioning of a large part of that capacity which reaffirms our position as a market leader in both aspects – Market Share and Technology Acceptance. We continue to innovate and upgrade our technology platforms so that our product offerings make commercial sense for a highly competitive and strategic market like India.” said Gener Miao, CMO, JinkoSolar.

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