Wood Mackenzie launched it PV module producer rankings for 2023. The firm stated it evaluated 30 producers on 9 standards: manufacturing expertise, manufacturing capability, vertical integration, capability utilization charges, know-how maturity, R&D, monetary circumstances, compliance with environmental social governance ( ESG) and company social accountability (CSR) , and availability of third-party certifications.
JA Solar took the highest spot within the rating with a rating of 82.9, adopted by Trina Solar with 81.7, JinkoSolar with 80.8, Canadian Solar with 78.5, and Longi and Risen sharing the fifth place with 78.0. The different six positions had been taken by Tongwei with 77.6, Astronergy with 76.3, Hanwha Qcells with 75.8, DMEGC with 74.1, Elite Solar with 71.4, and Boviet Solar with 71.2.
“Eight of the 12 ranked module producers are self-sufficient in cell capability,” WoodMac stated in a press release. “Tongwei and Risen are the one producers within the rating which can be totally vertically built-in throughout your entire provide chain from polysilicon to module.”
The analysis firm additionally revealed that seven of the highest 10 producers might exceed 100 GW of annual module manufacturing capability by 2027, with their mixed cell capability reaching 830 GW by the top of 2026. Noted additionally that every one producers proceed to broaden their capability, regardless of widespread overcapacity available in the market.
“At the identical time, producers are centered on turning into extra vertically built-in,” stated Wood Mackenzie.
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