The World's #1 Renewable Energy Network for News, Information, and Companies.

Trina, JinkoSolar Plan to Lift Solar Shipments in 2013 as Demand Rises

Trina, JinkoSolar Plan to Lift Solar Shipments in 2013 as Demand Rises

Trina Solar Ltd., the world's third- biggest maker of solar panels, and JinkoSolar Holding Co. expect to deliver more products this year as China's efforts to promote its domestic solar industry take hold.

Growth in Changzhou, China-based Trina’s shipments will surge by at least 30 percent in 2013 from a year ago, outpacing global market demand, Terry Wang, Trina’s chief financial officer, said in a phone interview. JinkoSolar, China’s eighth- biggest panel producer, will boost shipments 20 percent to 30 percent to more than 1.2 gigawatts, said Sebastian Liu, the Shanghai-based company’s director of investor relations.

Panel consumption “is rising all over the world except in Europe, and China will largely contribute to the increase,” Wang said in the Jan. 17 interview. “Prices are still dipping but, depending on Chinese demand, the decrease may stop in the second half,” he said.

An increase in panel shipments may signal Chinese manufacturers are turning more optimistic after a year when prices of polysilicon plunged 40 percent and panels were down 19 percent. The 17-member Bloomberg Global Large Solar Energy Index, which includes JinkoSolar and Trina, has gained 26 percent this year compared with a loss of 26 percent last year.

Global Market Share

The two companies “will grab more market share as they expect shipment growth to exceed that of worldwide demand” Lian Rui, a Beijing-based analyst at research company NPD Solarbuzz, said by phone today.

China, the world’s second-largest solar market in 2012, plans to more than double installations this year, the nation’s National Energy Administration said on Jan. 8. China had cumulative capacity of about 7 gigawatts last year, according to data compiled by Bloomberg New Energy Finance.

China will account for 30 percent or more of JinkoSolar’s panels this year as efforts to stimulate the domestic solar industry boost demand, Liu said.

Gains in Asia, together with the U.S. and India, will more than offset declines in Germany and Italy, contributing to a 22 percent rise in global solar demand in 2013, Deutsche Bank AG predicted in a Jan. 10 note to investors.

Trina has begun using two-thirds of its production capacity this month, increasing from half in December, Wang said. He expects the utilization rate to rise for the remainder of the year as the company expands its photovoltaic system sales business by developing its own projects.

The company said on Jan. 15 that it received approval from China’s Gansu province for a 50-megawatt solar farm. Trina expects profits to be generated from the business expansion after the second quarter, Wang said.

Trina said yesterday that it supplied 61 megawatts of modules to a power plant built on a former military airfield in eastern Germany.

JinkoSolar’s panel production capacity totals 1.2 gigawatts annually and the company ran its factories at a utilization rate of more than 80 percent last year, Liu said. The decline in panel prices is slowing and may rebound after inventories are depleted, he said.

Copyright 2013 Bloomberg

Lead image: Business graph via Shutterstock

RELATED ARTICLES

How to Win Planning Permission for Renewable Energy Projects (and Influence People)

Tildy Bayar, Contributor At Tuesday afternoon’s POWER-GEN Europe and Renewable Energy World Europe conference session in Amsterdam, Paul Davison of PR firm Proteus discussed how to best communicate with the public regarding renewable ene...
Egypt flag

Egypt's Renewable Energy Drive Gains Steam

Andrew Burger, Correspondent There's a lot of action in Egypt's rapidly developing solar and renewable energy market space. Nearly 5 GW worth of solar power development agreements have been signed so far this year, while Egypt 's New and Renewable Ene...

Elon Musk Says Utilities Shouldn’t Fear His Battery Systems

Mark Chediak and Dana Hull, Bloomberg

Elon Musk, chief executive officer of Tesla Motors Inc., told electric utility owners they shouldn’t fear that his battery systems will put them out of business -- instead, they should buy them.

 

India's Seabiscuit: How Solar Energy Can Be the Symbol of Hope for Electricity Woes

Aditya Goel, Ornate Solar For those unfamiliar with the story of the horse that Hollywood made famous, Seabiscuit was a small horse who had an inauspicious start to his racing career. History though, remembers Seabiscuit not for his diminutive...

CURRENT MAGAZINE ISSUE

Volume 18, Issue 3
1505REW_C11

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

FEATURED PARTNERS



EVENTS

2015 Solar Power International

Stop by and visit Canadian Solar at the 2015 SPI show!

2015 Intersolar-North America

Intersolar is North America's premier solar show, and it is taking place...

PV-201: Introduction to PV Design & Installation

PV 201 Introduction to PV Design & Installation is simply the best i...

COMPANY BLOGS

DIY: Don’t Install Yourself

You finally made the choice to go solar. Seems like it might be pretty e...

Capturing Your Prospects' Attention In Three Sentences

You have about 15 seconds to capture your prospects’ attention, wh...

How to Reduce Soft Costs With a Critical Path Map

For solar installers, soft costs are a fact of life. However, they don&r...

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS