Trina Solar Co., Ltd. (“Trina Solar” or the “Company”), a leading global PV and smart energy total solution provider, has announced that it has signed an investment cooperation agreement with the Management Committee of Yancheng Economic and Technological Development Zone in Jiangsu province to expand its manufacturing capacity of 210mm solar cells.

In line with Tina Solar’s strategy, the Company will add 7.6GW in annual production capacity at its Yancheng production site, increasing its 2.5GW overseas cell capacity. Another 2.4GW of existing production capacity at the Yancheng site will be upgraded. With other new production capacity and upgrading existing production capacity, the Company’s annual production capacity will reach 26GW with 70% Ultra-High-Efficient 210mm cells by end of next year.

The 10GW 210mm cells will be used in the new Trina Solar Vertex 600W+ product series, which has been widely acclaimed in the market. The latest moves will not only speed up technological innovation in the industry, but also provide a broader space for reducing balance-of-system cost and levelized cost of energy from the system side to ensure stable customer income.

Trina Solar is dedicated to an all-round value strategy that delivers immense benefits to its customers. Relying on the R&D platform of its leading photovoltaic science and technology laboratory, Trina Solar plans to strengthen R&D investment in the field of large-size cells and modules to ensure that the average efficiency of newly built passivated emitter and rear-contact cells reaches 23% early next year. The Company will continue to deploy forward-looking battery and component technology as it seeks to maintain its leading market position.

Gao Jifan, General Manager and Chairman of Trina Solar said that the Company will further enhance its core competitiveness through cost and scale advantages in expanding the production capacity of high-efficiency large-size solar cells, seize market development opportunities for monocrystalline products, and enhance profitability and the Company's comprehensive competitiveness with the advantage of policies in Yancheng that are forward-looking and give invaluable support to the industry.

Image: https://bit.ly/3fOLIhm 
Caption: Trina Solar is expanding its capacity of 210mm high-efficiency cells, the backbone of the next-generation 600W+ Vertex module series.
Source: Trina Solar

About Trina Solar (688599. SH)

Founded in 1997, Trina Solar is the world leading PV and smart energy total solution provider. The company engages in PV products R&D, manufacture and sales; PV projects development, EPC, O&M; smart micro-grid and multi-energy complementary systems development and sales, as well as energy cloud-platform operation. In 2018, Trina Solar launched its Energy IoT brand, established the Trina Energy IoT Industrial Development Alliance together with leading enterprises and research institutes in China and around the world, and founded the New Energy IoT Industrial Innovation Center. With these actions, Trina Solar is committed to working with its partners to build the energy IoT ecosystem and develop an innovation platform to explore New Energy IoT, as it strives to be a leader in global intelligent 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
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E-Mail: michael.katz@trinasolar.com