Trina Solar Co., Ltd. ("Trina Solar" or the "company"), a leading global PV and smart energy total solution provider, reported its third quarter 2022 financial results on October 30. The company announced revenues of about USD 8.8 billion (RMB 58.2 billion) in the first three quarters, up 82.56% year-over-year.
Trina Solar said that by the end of the third quarter its module shipments for the year had totaled 28.79GW, while tracker shipments totaled 2.8GW, and energy storage shipments exceeded 300MWh.
Trina Solar ranks first in the industry with regards to the volume of 210mm cell modules shipped worldwide. According to the third-party TrendForce, the industry shipped 50GW of 210mm cell modules by the end of the third quarter this year, and the shipments of 210mm cell modules had totaled 76GW from the time they went into mass production.
The new generation of Vertex N modules will be in mass production by the end of this year, more than 10 GW of N-type module capacity is expected to be released by the first quarter of next year, and 20GW to 30GW of capacity is expected to have been put on the market by the end of next year.
Helena Li, Senior VP at Trina Solar said: “Trina Solar has always been committed to serving global customers with clean and low-carbon products. We will continue to progress through technological innovation and provide customers with high performance and high value products, for a wider range of PV application all around the world.”
Thanks to Trina Solar’s excellent product performance, technological innovation, and stable financial performance, it has won recognition in the financial market and from renowned institutes. Trina Solar was once again given the top AAA ranking in the latest Module Tech Bankability Ratings report by PV-Tech for the third quarter of 2022. In addition, Trina Solar has scored 100% in the BNEF Bankability Survey for six consecutive years, and Vertex modules have rated consistently highly in the Bankability Study For Trina Solar PV Modules by UL.
About Trina Solar (688599.SH)
Trina Solar was founded in 1997. As a global leading provider for photovoltaic (PV) module and smart energy solutions, Trina Solar delivers PV products, applications and services to promote global sustainable development. Through constant innovation, Trina Solar continues to push the PV industry forward by creating greater grid parity of PV power and popularizing renewable energy. Trina Solar's mission is to boost global renewable energy development around the world for the benefit of all of humanity.
To date, Trina Solar has delivered more than 100 GW of solar modules worldwide. In addition, Trina's downstream business includes solar PV project development, financing, design, construction, operations and management, and one-stop system integration solutions for customers. Trina Solar has connected over 5GW of solar power plants to the grid worldwide. Trina Solar first launched the Energy IoT brand in 2018, and is now aiming to be a global leader in smart energy. In June 2020, Trina Solar listed on the STAR Market of Shanghai Stock Exchange. For more information, please visit www.trinasolar.com.
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Michael Katz
E-Mail: michael.katz@trinasolar.com