Europe Solar PV Market Share

Europe Solar PV Market Share

• The top 5 players in the industry include LONGi, Trina Solar, Jinko Solar, First Solar and Risen.The European solar market includes a mix of global players and strong regional companies. The leading firms range from solar module manufacturers to project developers, EPC contractors, and operators of solar assets.
   
• It is dominated by large energy companies and developers who are constructing large solar farms. It benefits from economies of scale and is a growing market in Southern Europe and increasingly in Central and Eastern Europe. Further, it is heavily influenced by national and EU-level policies and incentives aimed at decarbonizing the energy sector.
   

Europe Solar PV Market Companies

• Canadian Solar manufactures & installs solar photovoltaic modules and provides solar energy solutions. The company accounted for USD 1.5 Billion in Q3 of 2024. In addition, Recurrent Energy, subsidiary of the company recently signed a 10-year Power Purchase Agreement (PPA) for a solar power project in Spain. The 300 MW plant is anticipated to be operational by 2026.
   
• First Solar is the largest solar PV manufacturer with more than 25 GW of annual nameplate capacity. The company has spent more than USD 2 Billion in cumulative R&D investments and recorded a revenue of USD 0.9 Billion in Q3 of 2024. Further, the company’s Series 6 PV modules set the benchmark for reliable energy production.
   
• Jinko Solar is a global PV module manufacturer and energy storage system integrator with over 35 service centers in more than 200 countries. The company has delivered over 300 GW of solar capacity with nearly 8,000 annual orders.  Further, the company recently delivered 1.1 million Tiger Neo modules to a solar power plant in Germany.
   
• Hanwa Qcells is a solar cells manufacturer, with diverse international manufacturing facilities. the company further collaborated with Sunergetic to install 1,500 solar modules set to power 1,500 homes as part of a scheme to help support lower income homeowners.
   

Eminent players operating in the Europe solar PV industry are:

• Canadian Solar
• CsunSolarTech
• EMMVEE SOLAR
• First Solar
• JA SOLAR Technology
• Jinko Solar
• LG Electronics
• Hanwa Qcells
• REC Solar Holdings
• Renesola
• Shunfeng International Clean Energy
• Solaria Corporation
• Solar Frontier
• Trina Solar
• Yingli Solar