PVTIME – Renewable energy capacity additions reached a significant milestone in 2023, with an increase of almost 50% to nearly 510GW, mainly contributed by solar PV manufacturers around the world.
On June 11-12 2024, the CPC 9th Century Photovoltaic Conference and PVBL 12th Global Photovoltaic Brand Rankings Announcement Ceremony were jointly held by Century New Energy Network, PVTIME and Photovoltaic Brand Lab (PVBL) in Shanghai City, China.
The conference brought together solar energy leaders, entrepreneurs and heads of investment institutions. Based on the Duel Carbon targets, PV-related topics such as industrial development trend, technological innovation and integration of solar power storage were discussed, with the aim of promoting the coordinated progress of upstream and downstream industrial chains, as well as promoting the brand building and technological innovation of the photovoltaic industry.
PVBL’s annual ranking of the Top 20 Global Photovoltaic Plant Investors or Developers was revealed on the first day of the conference.
The growth rate of PV installations is the fastest in the last two decades and was driven by China’s solar PV market, the IEA said. China’s acceleration was exceptional, with 216.88GW of new solar power added in 2023, more than the entire world added in 2022. And the companies on the list played a significant role in the deployment of solar power.
11 of the above investors or developers are Chinese state-owned enterprises, with newly added PV installed capacity of 151GW in 2023, accounting for more than half of China’s newly added capacity. And most of them have won PV installation orders around the world, providing centralised, commercial and distributed solar power systems globally.
Most of the companies in the above list are listed companies and the data was mainly taken from their 2023 annual report and public documents. For non-listed companies in the ranking, the data was provided by the companies themselves. For well-known companies that did not make the list because they did not provide the required data.
Launched in 2012, the PVBL annual report is the only data research report in China supported by a multidimensional evaluation system. The multidimensional scoring system accurately reflects consumers’ attitudes towards brands and provides companies with insights into the effectiveness of their brand positioning strategies.
To calculate a company’s corporate brand rating, the Photovoltaic Brand Lab combines 10 years of data collected by Century New Energy Network and its web-based operations with the evaluation criteria.
The maximum achievable Corporate Brand Rating is 1000 and is calculated after companies have gone through the comprehensive evaluation system, which includes the assessment of five primary and ten secondary indicators. The primary indicators are sales, research and development, outgoing shipments, impact and service. Secondary indicators include brand design, brand popularity, brand reputation, brand loyalty, product quality, service quality, marketing promotion, social responsibility, industry impact and societal impact.
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