In 2020, shipments of solar panels to Israel were approximately 850MW, 332MW of which were supplied by JinkoSolar, one of the largest and most innovative PV module manufacturers in the world.
This 40% Israeli market share confirmed JinkoSolar’s No.1 position in Israel, followed by Trina and JA.
While few local private companies are investing in the solar energy market in Israel, JinkoSolar, Trina and JA are the key players in the market. Together, they accounted for around 85% of the total PV panel shipments to Israel in 2020.
The Israeli solar energy market is expected to register a CARG of 5% during the forecast period 2020 to 2025. The government of Israel, apart from increasing the solar capacity, has also been showing great interest and support in promoting and encouraging citizens to install PV panels on their rooftops, thus emphasizing the great importance of solar energy to the market.
Furthermore, the Israeli government has planned to draw down its traditional coal-fired projects to reduce pollution, and it plans to generate 17% of the nation’s energy through renewables by 2030. This opens a bright portal for the development of the Israeli solar energy market.
The Israeli government also is emphasizing the importance of solar and energy storage for the local infrastructure of the country to acquire energy independence. Solar energy is expected to become the main energy solution to take over from gas and coal.