Trina Solar Co., Ltd. ("Trina Solar" or the "company"), a leading global PV and smart energy total solution provider, has once again been ranked ‘AAA’, the highest category, in the latest Q3’22 PV ModuleTech Bankability Ratings report by PV-Tech.
Based on the manufacturing and financial health of companies, the report ranks the bankability of PV module suppliers from AAA, the highest category, to C, the lowest category. Trina Solar ranks at the top of the list, showing the full recognition it earned from international authorities in terms of technology, products and finance.
The LCOE-oriented principle supports Vertex 600W+ modules' higher value
Recently, Trina Solar put forward the LCOE-oriented principle, meaning that with high power, high efficiency, high reliability and high energy yield, lower LOCE can be achieved. Trina’s Vertex 600W+ modules achieve a power rise of 125W to 130W and module efficiency is up by 0.3% to 0.5%. In terms of energy yield, empirical data shows that the energy yield of Vertex 600W+ modules is at least 2.1% higher than that of reference modules. The empirical tests were conducted by TÜV Rheinland and CPVT on a global scale.
Thanks to the high reliability of its PV modules, Trina Solar has been ranked as a Top Performer by PVEL for the eighth year in a row and named a RETC Overall High Achiever for three consecutive years.
Combined with N-type tech, 210 technology continues to lead the industry
Trina Solar will continue to lead the industry by developing high-efficiency and high-power N-type products and forming the relevant ecosystem. In August, aperture module efficiency of Trina Solar’s proprietary Vertex N-type module using monocrystalline silicon cells has reached 24.24%, setting a new world record for industrial large-area N-type i-TOPCon modules.
By the end of 2022, Trina Solar’s production capacity of N-type i-TOPCon modules is expected to reach 8 GW. The new production capacity layout in Qinghai Industrial Park is all for 210 modules based on new-generation N-type cell technology. Featuring 210mm size, 600W+ power and N-type cells, Trina Solar products will continue to better serve its end customers with greater value.
Stable financial performance and high bankability
As its PV module business has continued to thrive, Trina Solar’s shipments of PV modules totaled 18.05GW in the first half of this year, 72% more than in the corresponding period last year, with an increase in its market share to 15%. Shipments of 210 modules accounted for more than 80% of its total shipments in the first half. Trina Solar has shipped more than 30GW of 210 modules, while the whole industry witnessed over 50GW of 210 modules shipped as of June.
In addition to the AAA rating in PV Tech's bankability report, Trina Solar has also earned recognition from the financial market and renowned institutes. Trina Solar has scored 100% in the BNEF Bankability Survey for six consecutive years. Vertex modules have demonstrated excellence in key factors in the Bankability Study for Trina Solar PV Modules by UL.
Image: : https://bit.ly/3GI9nOH
Caption: Trina Solar has once again been ranked 'AAA' in PV Tech's latest Bankability Report for Q3/2022.
Source: Trina Solar
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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