China-based LONGi Solar has been ranked as India’s leading module supplier by JMK Research based on the shipments in the year 2020.
The high-efficiency mono-crystalline solar cells and modules supplied over 1,500 MW (DC) modules to India last year, accounting for over 15% share of the total 9,478 MW shipments. LONGi, with a 15.6% share, was followed by rival Jinko (12.7%) and Adani (10.2%), according to JMK Research report.
In addition to claiming the top supplier slot for utility projects, it gained a good market share in the rooftop solar market.
The vertically integrated solar player, which started its Indian footprint in 2019, bagged the top supplier title in a short span of less than two years.
“2020 is 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 investor in the PV Industry on R&D 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.
JMK’s quarterly solar reports show 2020 was the first year when shipments of high-efficiency monocrystalline PERC modules in India overtook multi-crystalline modules.
“Key factors contributing to this significant market shift from multi to mono are the narrowing price differences between the two, higher efficiency of mono modules, and the complete shift to mono production by leading Chinese suppliers,” read a statement by LONGi Solar.
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