Longi Solar Top Module Supplier to India In 2020, Says Report

China’s LONGi Solar, a global leader in high-efficiency mono-crystalline solar cells and modules, has been named India’s market leader based on module shipments in 2020, according to a recent study by Gurugram-based research firm JMK Research.

For LONGi, the numbers will be gratifying, as it has taken the firm just over 2 years to make its presence felt loudly in a market that is as competitive as it gets. The numbers attributed to the firm give it a 15 percent market share in the modules segment for 2020.

Based in X’ian, China, LONGi supplied over 1,500 MW (DC) of modules in 2020 according to the report. It adds that in addition to its number one position in utility projects, LONGi has also gained a good market share in the rooftop solar market. In terms of overall capacity, LONGi was targeting to complete 2020 with well over 23 GW of module manufacturing capacity, and targets to take this to 40 GW by 2021 end.

Total module shipments in 2020 for India have been estimated at 9478 MW. Jinko Solar, another Chinese major was in second place, followed by Adani, with 12.7% and 10.2% market share, respectively.

“2020 will be a memorable year for LONGi’s business in India. We sincerely thank all our partners and customers who made this possible. In 2020, LONGi was also ranked number one in terms of global shipment. LONGi is the highest spender on R&D in the PV industry and we work tirelessly to provide our customers with the best technology for their projects.” said Pradeep Kumar – Director India and Sri Lanka for LONGi’s Solar division

A significant piece of news in the report relates to the much awaited shift from multi crystalline to mono PERC modules. 2020 was the first year where the shipment of high efficiency mono PERC modules in India overtook that of multi crystalline modules. This has been long anticipated by us, especially considering the narrowing of price differences, the fact that major Chinese manufacturers like Longi, Jinko and others had stopped manufacturing multi crystalline cells altogether, besides the entry of developers that have already shifted to these elsewhere globally.

modules Market Share 2020

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