Thornova Solar is proud to announce its placement at #13 in the prestigious Wood Mackenzie Solar Module Manufacturer Ranking for H1 2024. This recognition underscores our excellence in vertical integration, technology maturity, capacity utilization, and third-party certifications, solidifying our position as a key player in the global solar industry. Despite challenging market conditions, Thornova Solar continues to set itself apart with exceptional operational efficiency and consistent growth.
Wood Mackenzie evaluated over 38 solar PV module manufacturers from 11 countries, representing 68% of global production capacity and 84% of total shipments. The ranking assessed nine key criteria, including availability of third-party certifications, technology maturity, vertical integration, adherence to ESG and CSR practices, capacity utilization, financial conditions, module manufacturing experience, and R&D capabilities. Wood Mackenzie compiled its data through vendor surveys, public filings, proprietary databases, and in-depth discussions with manufacturers, ensuring an authoritative and reliable evaluation.
Amid intensifying industry competition, Thornova Solar has excelled by strengthening its core competitive advantages. With a focus on providing reliable and efficient solutions for diverse application scenarios, Thornova has maintained its leadership by delivering advanced, high-quality solar modules backed by rigorous third-party certifications.
Through effective cost management and operational efficiency, Thornova has outpaced the industry average in shipment growth and profitability, standing out as a resilient performer. By leveraging its vertical integration and proven technology maturity, Thornova continues to meet market demands with confidence and consistency.
Wood Mackenzie’s report also highlighted the resilience of top PV manufacturers in the face of industry challenges, including sharp price declines in solar modules and disruptions in the silicon supply chain. Despite these pressures, Thornova Solar has demonstrated exceptional capacity utilization and steady financial performance, reinforcing its position as a trusted partner in the global energy transition.
This recognition as the #13-ranked solar module manufacturer is a testament to Thornova Solar’s unwavering commitment to quality, reliability, and sustainability as we work toward a brighter, cleaner energy future.
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About Thornova Solar
Thornova Solar is a Tier 1 company focused on energy solutions and the design and manufacture of renewable energy components such as photovoltaic modules, solar cells and inverters. We specialise in N-type technology, Class A solar panels with a 15-year product and 30-year performance warranty for the distributed rooftop and ground-mounted markets. In addition to being a BNEF-listed Tier 1 player, our bankability has been confirmed by PV Tech, which lists us as B, and Dun & Bradstreet, which rates us as 3AA2. With our state-of-the-art automated manufacturing facilities, we deliver the reliability and performance you and your customers expect. Our local warehousing and global logistics support ensure that your projects are always installed on time.
For further information, please contact
Andrea Bodenhagen
Global Branding Director
Thornova Solar
Mob.: +49-1590-1621062
Andrea.bodenhagen@thornovasolar.com
www.ThornovaSolar.com
