Top 5 distributed photovoltaic companies in China in 2022

In recent years, as the concept of green development has taken root in the hearts of the people, the demand for home energy storage has surged and the transformation of China's energy structure has accelerated, the photovoltaic industry has ushered in a period of development opportunities, and the prospects of distributed photovoltaic are improving.

According to relevant data, in the first half of 2022, China's newly installed photovoltaic capacity was 30.88GW, of which distributed photovoltaic increased by 19.65GW. The development momentum of distributed photovoltaic is still outstanding. This article will take you to learn more about the layout and development of distributed photovoltaic by top 5 distributed photovoltaic companies in China.

Top 5 distributed photovoltaic companies in China in 2022

① China Southern Power Grid Energy Efficiency&Clean Energy

Company profile

One of top 5 distributed photovoltaic companies, China Southern Power Grid Energy Efficiency&Clean Energy's three major businesses are industrial energy-saving services, building energy-saving business and comprehensive resource utilization business. Among them, industrial energy-saving services mainly provide comprehensive energy-saving solutions and comprehensive energy-saving services such as high-efficiency and energy-saving electricity, cooling, heating, and gas consumption for industrial customers. It mainly includes distributed photovoltaic energy-saving services, industrial high-efficiency energy station energy-saving services, etc.

Related layout

By the end of 2021, China Southern Power Grid has more than 200 distributed photovoltaic energy-saving service projects in operation, with a total installed capacity of approximately 1,042.68MW. There are 8 agricultural and photovoltaic complementary projects with an installed capacity of about 335.59MW.

The photovoltaic projects developed and invested by China Southern Power Grid Energy Efficiency & Clean Energy involve automobile manufacturing, home appliances, tobacco, shipbuilding, machinery heavy industry, biopharmaceuticals and other industries, and have accumulated rich experience in the construction and operation of distributed pv system. In the first half of 2022, the company's distributed photovoltaic energy-saving service business revenue reached 423 million RMB, a year-on-year increase of 17.56%, accounting for more than 80% of the industrial energy-saving service business revenue, maintaining a good level of profitability.

In the first half of 2022, the company signed a number of industrial energy-saving energy station projects such as CSSC Huangpu Wenchong Shipyard, adding an installed capacity of 4,000 kilowatts of industrial cooling stations and an installed capacity of 10,600 kilowatts of industrial gas stations. The advantages of the distributed photovoltaic energy-saving track were further utilized, and 330,800 kilowatts of distributed photovoltaic energy-saving projects were newly added through decision-making. As of the end of June 2022, the company had 226 distributed photovoltaic energy-saving projects in operation, with an installed capacity of 1,160,200 kilowatts.

② JINKO POWER

Company profile

JINKO POWER is an industry-leading clean energy supplier and service provider, focusing on three major sectors: power station development, power station services, and energy services. The business covers photovoltaic power generation project investment, development, operation, power station asset management and transfer transactions.

EPC general contracting, power station intelligent operation and maintenance and full life cycle hosting. Distributed energy contract management, incremental distribution network, power sales, green power supply in parks, photovoltaic + energy storage off-grid services, photovoltaic + multi-energy integrated energy services, etc.

Related layout

As of the end of 2021, the company holds about 2.85GW of equity installed capacity of photovoltaic power plants, of which the scale of centralized power plants is about 2.02GW and the scale of distributed power plants is about 0.83GW. The company has a wealth of project resources in reserve. In order to meet the diversified needs of the new energy investment market, the company will conduct strategic cooperation with a number of new energy investors in 2021, adding a total of 1,130MW of development project resource cooperation.

③ Jilin Electric POWER

Company profile

Jilin Electric POWER's business involves new energy, comprehensive smart energy, hydrogen energy, energy storage charging and swapping, thermal power, heating, biomass energy, power station services and other fields. Jilin Electric POWER is mainly engaged in thermal power products, photovoltaic products, wind power products, etc.

Related layout

In the photovoltaic business, Jilin Electric POWER as a company of the top 5 distributed photovoltaic companies in China won the only county-wide rooftop distributed photovoltaic pilot in Jilin Province. As of the end of June 2022, the company's new energy installed capacity was 8.9056 million kilowatts, accounting for 72.96% of the total installed capacity. In the first half of 2022, the company's new energy sector continued to improve. Among them, the photovoltaic business revenue was 1.885 billion yuan, an increase of 52.86% year-on-year, accounting for 24.48% of the revenue, an increase of 5.12 percentage points year-on-year, and significantly supported the company's performance.

According to the company's previous announcement, the company plans to establish a wholly-owned subsidiary to develop and construct centralized photovoltaic, distributed photovoltaic and other projects in Guangxi Province. The company's wholly-owned subsidiary plans to invest in the construction of household distributed photovoltaic projects in 5 cities and 10 counties in Shandong Province, with a planned total capacity of 300,000 kilowatts and a total project investment of 1.134 billion RMB.

The company will invest in the construction of household distributed photovoltaic projects in 6 provinces including Anhui, Hebei, Henan, Shanxi, Jiangxi and Hunan. The overall planned capacity of the project is 883,000 kilowatts, and the total project investment is 3.287 billion RMB. As the company's distributed photovoltaic projects in many provinces across the country are completed and put into operation, the company's distributed photovoltaic installed capacity will further increase, and the company's performance will gradually improve.

④ SUNOREN

Company profile

SUNOREN has been deeply involved in the photovoltaic industry for more than ten years and is in a leading position in the field of solar distributed energy. SUNOREN is a clean energy service provider centered on distributed photovoltaics.

The main business includes distributed photovoltaic power station investment and operation (self-sustained distributed photovoltaic power station), distributed photovoltaic project development and construction and services (development + EPC + operation and maintenance), photovoltaic product production and sales, charging pile investment and operation. Among them, the investment and operation of distributed photovoltaic power plants are the main ones.

Related layout

In top 5 distributed photovoltaic companies, SUNOREN has a strong ability to obtain roof resources. As of the end of June 2022, the company has acquired over 10 million square meters of roofing resources, involving 861 industrial enterprises. The total scale of self-sustained distributed photovoltaic power station projects and distributed photovoltaic development and service projects has exceeded 1GW, and the annual power generation capacity can reach 1 billion kWh, with good market competitiveness. In the company's self-sustained power plants, the number and installed capacity of BAPV are higher than that of BIPV.

Since 2017, the company has built and grid-connected BIPV projects with an installed capacity of 39MW, and has certain experience in the implementation of BIPV solutions. As of the end of June 2022, the company's cumulative grid-connected capacity of self-sustaining distributed photovoltaic power stations is about 662MW, an increase of about 57MW compared to the beginning of the year. In addition, there are about 167MW of self-sustained distributed photovoltaic power plants under construction, to be constructed and to be signed. The scale of the company's self-sustained distributed photovoltaic power plants is expected to grow further in the future.

⑤ NYOCOR

Company profile

NYOCOR's main business is the development, investment, construction and operation of new energy power, mainly including photovoltaic power generation and wind power generation. In addition, the company actively expands various forms of energy extension services such as energy storage, hydrogen energy, power trading, and incremental distribution network.

Related layout

In the photovoltaic power station business, the company mainly develops, invests, constructs and operates photovoltaic power stations and wind farms through its wholly-owned subsidiaries. Distributed photovoltaic power plants are mainly distributed in Shanghai, Zhejiang, Anhui, Shandong and other economically developed provinces, and are divided into two modes: "full amount of electricity" and "spontaneous self-use, and surplus electricity to be connected to the Internet".

In 2021, as one of top 5 distributed photovoltaic companies NYOCOR's approved installed capacity is 4,775 MW, and the grid-connected capacity is 3,122 MW, an increase of 129% and 63% year-on-year respectively. Among them, the grid-connected capacity of photovoltaic projects is 2,274 MW, and the grid-connected capacity of wind power projects is 848 MW. By the end of 2021, the company's distributed photovoltaic installed capacity reached 394.10MW, a year-on-year increase of 110.78%.

By the end of 2021, the company's important distributed photovoltaic projects under construction include Coca-Cola 3.8mw rooftop distributed project, Qinghai Wutumeiren 50MW photovoltaic project, Shandong Weiqiao Group 300MW rooftop distributed photovoltaic project, etc. In the future, the company's distributed photovoltaic development, investment, construction and operation business will be further expanded.

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