In the fast-paced world of solar energy, TW Solar has emerged not just as a player but as a powerhouse, making an indelible mark in the global PV market. From a relatively unknown contender in 2022 to a force to be reckoned with in 2023, the company’s journey is nothing short of extraordinary.
A 2023 Triumph: Dancing with the Sun
In the twilight of 2023, TW Solar achieved what many deemed impossible – a staggering 32 GW in solar module shipments. This catapulted them into the prestigious Top 5 among global PV manufacturers, marking a meteoric rise that caught everyone’s attention.
The solar industry, fueled by the relentless demand in key markets like China, the United States, Europe, and Latin America, experienced an unprecedented surge. TW Solar’s success wasn’t just a statistic; it was a testament to the changing landscape of renewable energy.
The Symphony of TW Solar’s Supply Chain
What sets TW Solar apart isn’t just the numbers; it’s the harmony in its supply chain.
From the birth of polysilicon to the assembly of modules, TW Solar orchestrates a seamless production symphony. This integrated approach ensures not just quantity but a consistent quality that resonates across the global PV stage.
As we peer into 2024, TW Solar isn’t resting on its laurels. The company aims to expand its already impressive capacities, with plans to reach over 800,000 tons of polysilicon, 47 GW of silicon wafer, 130 GW of solar cells, and 80 GW of module capacities.
This isn’t just growth; it’s a strategic move to become a comprehensive and resilient industry leader.
TW Solar’s Technological Ballet: A Dance of Efficiency
In the heart of TW Solar’s success is a commitment to technological brilliance. As the longstanding leader in global PV cell shipments, the company consistently pushes the boundaries of efficiency, yield, and consistency.
In 2023, TW Solar’s commercial n-type TOPCon cells achieved an efficiency of 26.3%, with 210 module power exceeding 700W.
TW Solar is set for a game-changing 2024, strategically reshaping its product lineup. The plan involves phasing out TPC (PERC) series products, keeping the focus on TNC (TOPCon) series, and potentially increasing THC (HJT) series production.
Product dimensions will see changes, with TNC series M10 (182x182mm) evolving into G12R (210x182mm) versions, and G12 (210x210mm) products anticipated in H1 2024.
A standout in the lineup is the TNC G12R-66 bifacial module (2382*1134mm), designed for practicality. Featuring a large G12R rectangular silicon cell, it aims to cut material and supply chain adaptation costs.
Versatile for large solar projects and rooftops, this module promises a low LCOE, particularly for ground-mounted projects.
TW Solar’s recognition by China’s state-owned enterprises is not solely due to low-cost strategies. Reports reveal competitive pricing aligned with Top 9 brands in H2 2023.
Maintaining Tier 1 status in BNEF evaluations and ascending four levels in PV Tech’s bankability rankings within a year reflect TW Solar’s commitment to performance and reliability.
Entering 2024, TW Solar’s strategic shift signifies a commitment to innovation and adaptability, solidifying its influential role in the solar industry and contributing to the dynamic global PV landscape.
Expanding Global Presence
As the sun rises on 2024, TW Solar is poised for a global expansion. With expectations of over 15% growth in new PV installations worldwide, the company is gearing up for an encore. Already a shining presence in major global markets, TW Solar is not just expanding; it’s deepening its roots.
The company’s proactive approach extends beyond borders, securing market access certifications in diverse regions, including the CEC accreditation in Australia, French Carbon Footprint Certification, Italy’s CSI Fire resistance certification, BIS certification of India, and INMETRO Certification for Brazil.
These certifications, attesting to the high quality of TW Solar’s products, facilitated the company’s overseas expansion by removing entry barriers.
TW Solar’s commitment to ethical business practices and unwavering product quality remains its guiding light.
In closing, TW Solar’s story is more than a rise to prominence; it’s a narrative of innovation, adaptability, and a commitment to a sustainable future.
As the world turns towards renewable energy, TW Solar isn’t just following the beat – it’s leading the dance, setting new standards and inspiring the solar industry’s evolution.