The wind and clouds are surging! 2023 China Photovoltaic Module Production Capacity TOP10 Heavy Release!

In 2011, China's photovoltaic module production accounted for more than half of the world's total, and with the opening of the domestic market, it has been riding the dust since then. By 2022, China's module production will reach 288.7 GW, accounting for more than 83% of the world's total. In

2023, the production of PV modules continued to grow strongly, while the momentum of domestic capacity expansion remained strong, and people from all walks of life entered, which can be described as surging.

Recently, the "2023 China Photovoltaic Module Capacity TOP10" produced by the Digital New Energy DataBM. Com came out. After a new round of rapid expansion of production, in this year's list, the component capacity data of major photovoltaic leading enterprises have been greatly improved. Among them, Longji Green Energy has become the absolute first with 120 GW production capacity, Trina Solar Energy and Jingao Technology rank second and third, but the gap between them is very small, followed by Jingke Energy. Tongwei shares came from behind and rushed into the top five.

According to the statistics of Digital New Energy DataBM. Com, the total production capacity of photovoltaic modules in China in 2023 was 334.3GW, 1.7 times that in 2022, making it the year with the largest new production capacity of photovoltaic modules in China's history. By the end of 2023, the total production capacity of PV modules in China had exceeded 880GW.

Figure 1: Changes

in domestic PV module production capacity from 2018 to 2023 Source: DataBM. Com

From the perspective of each month, May is the month with the largest capacity release, with a total PV module production capacity of 76.2G W, and February is the smallest, with a capacity of 5G W. 10 ~ 40 GW in other months. Although the price of photovoltaic modules has continued to fall this year, the production capacity of photovoltaic modules put into operation in the second half of the year is still huge, the production capacity of modules has been released continuously, and the price has been under pressure.

Figure 2: PV module capacity launch in each month of 2023 (GW)

Data source: DataBM.com

In 2023, new provinces joined the expansion tide of PV module capacity, and the provinces covered by new capacity also reached a record high. The new production capacity covers 22 provinces, of which Jiangsu Province has a production capacity of 107.35GW, accounting for 32%, Anhui Province has a production capacity of 54GW, accounting for 16%, Zhejiang Province has a production capacity of 47.4GW, accounting for 14%, and Jiangsu, Zhejiang and Anhui provinces account for 62%. In terms of total production capacity, Jiangsu, Zhejiang and Anhui continue to rank among the top three in the country. According to statistics, in 2022, the output of photovoltaic modules in Jiangsu, Zhejiang and Anhui provinces accounted for more than 98% of the country's total, and Jiangsu accounted for 44%, making it the largest production and export province of modules in the country.

Figure 3: Capacity of PV modules put into operation in each province in 2023 (GW)

Data source: DataBM. Com

Tongwei Co., Ltd

. In 2023, a total of 49 enterprises put photovoltaic module production capacity into operation, of which Tongwei shares and Jingao Technology put photovoltaic module production capacity into operation in the whole year were 41 GW and 40 GW respectively, with the largest production scale. At present, Tongwei has a module production capacity of 63GW, slightly lower than previously planned target of 80GW, or because the downward price of the module has slowed down the pace of production. In addition, Longji Green Energy, Atlas, Jingke Energy and other enterprises have also slowed down the pace of production. Jingao Technology is expected to achieve 95 GW module production capacity by the end of the year. In addition to the traditional old photovoltaic module enterprises, Sany Group, Huaneng Group and other new enterprises continue to pour in, and the future competition pattern will accelerate the evolution.

Table: Photovoltaic Module Production Capacity in 2023 (by Enterprise, ≥ 5GW)

Data Source: DataBM. Com