Aug 25, 2014 - Shipments of solar photovoltaic (PV) modules by the leading Chinese suppliers have climbed by 26% in the second quarter of 2014 over the 5.2 GW reported in the prior three months, shows NPD Solarbuzz’s Module Tracker Quarterly report.
The top six global suppliers were Chinese companies Trina Solar Ltd (NYSE:TSL), Canadian Solar Inc (NASDAQ:CSIQ), JinkoSolar Holding Co Ltd (NYSE:JKS), JA Solar Holdings Co Ltd (NASDAQ:JASO), Yingli Green Energy Holdings Co Ltd (NYSE:YGE) and Renesola Ltd (NYSE:SOL). Meanwhile, Sharp Solar, the number-one supplier globally for January-March 2014, saw its second-quarter shipments drop by over 50% from the 730 MW in the prior quarter.
“[Chinese shipments growth] comes at a time when trade disputes are creating obstacles for Chinese solar suppliers, which suggests that strategies to address the regional markets are being successfully implemented,” NPD Solarbuzz senior analyst Ray Lian stated.
About 29% of the modules shipped by Chinese suppliers were directed towards their home market, some 20.9% towards the US, 19.8% towards Japan and around 18% towards Europe. In the US they delivered over 1 GW. Trina Solar alone has managed to ship more panels to the US than local company SunPower Corp (NASDAQ:SPWR) during the 12 months to end-June.
Overall, NPD Solarbuzz's calculations show the top 20 module suppliers were responsible for almost 71% of all PV module shipments during the period. In turn, Chinese companies dominated the top 20 list.