The European PV market is stagnating with the largest installed capacity.
The world now has its eyes set on the next big PV market. The Latin region is undoubtedly an emerging solar market with few impressive years on record driven by high retail electricity prices, heavy electricity demand and strong market fundamentals.
Last year, 2.8 GW PV module supply has been tracked in the region, up by two times from 1.4 GW in 2015. Out of this JinkoSolar currently holds a thumping majority market share of 41% that translates to supply of 1.14 GW of Jinko modules in 2016. This clearly positions the company as a market leader in the region. Going forward, Latin is expected to add about 10 GW of solar capacity by 2021 and Jinko is all set to cater to the rising demand within the region.
The report by Bloomberg New Energy Finance (BNEF) highlights JinkoSolar’s market share in Latin America, displayed in the table below.
The emerging PV market scenario shows that Brazil and Mexico will remain hot markets from near to mid term perspective. Also, residential and commercial installations will ramp up in these regions as spur net metering adoption in business models go up.
2017 is going to be an important year for several solar markets including Latin America, Japan and India. The company, as the world’s no. 1 PV module manufacturer, is targeting all major countries and regions around the world with a strong solar push.
With 6 manufacturing units around the globe, JinkoSolar’s entire production process is closely monitored. Every cell and module is subjected to at least 36 steps of the most stringent quality inspection procedures and undergoes comprehensive in-house testing in the most advanced UL certified testing lab. It tests its products under extreme conditions such as tropical humidity, desert heat, coastal salt mist or agricultural ammonia enveloped atmosphere.
Power plants are expected to work for at least 25 years no matter where and under what conditions it sits and what challenge it will meet over the next quarter of a century, therefore it must live up to the highest quality standards. This is why JinkoSolar maintains one of the highest industrial standards for the design, performance, and workmanship of its solar products to secure a reliable energy supply of the PV system for well over 25 years.
JinkoSolar is committed to its sustainability goals and will play a significant role in helping countries achieve their solar targets in future.