Shipments of photovoltaic modules by Trina Solar (688599.SH) totaled 18.05GW in the first half of this year, 72% more than in the corresponding period last year, meaning the company continues to rank second worldwide in solar module shipments, the company’s half-yearly report published on August 25 said. In the six months, Trina Solar's revenue amounted to RMB 35.73 billion.
Leading in shipments: 18.05GW shipped in first half of 2022
Trina Solar's PV module business has continued to thrive, with a major breakthrough in shipments and an increase in its market share to 15%, the report said. The proportion of distributed power generation (DG) shipments doubled on year-on-year basis, accounting for more than 60% of its total shipments of 18.05GW.
Shipments of 210 modules accounted for more than 80% of 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 less than two years since their mass production with a remarkable market share of about 50%. The production capacity of solar cells and modules is expected to reach 50GW and 65GW by the end of this year, 90% of that being 210 products, the company said.
Leading the industry with 600W+ modules
Trina Solar’s steady growth and strong market place have benefited from the industry trend toward large-format high power products. In the first half of the year, Trina Solar continued to lead the industry with its Vertex 600W+ ultra-high-power PV modules.
Featuring the core advantages of high power, high efficiency, high energy yield and high reliability, along with the establishment of a complete ecosystem, 600W+ modules have created a new channel for lower LCOE. 600W+ modules are used in various scenarios, including utility-scale power stations, commercial and industrial power plants and residential projects, with the shipments keep ranking first in 2021 and H1 2022 in C&I and residential in China, with a market share of more than 25%.
Keep leading the industry by N-type tech
The photovoltaic industry has entered a new iteration, based on high-efficiency high-power N-type cells. Trina Solar keeps leading the development of the next generation of high-efficiency N-type cell technology. The Suqian 8GW TOPCon cell project was officially launched in April and is expected to be gradually put into production in the second half of the year, the half-yearly report said. The new production capacity layout in Qinghai Industrial Park, is all 210 modules based on new-generation N-type cell technology.
Establishing an independent N-type industrial chain not only strengthens its own N-type technology and products, but will also accelerate ecological development, guide the industry’s transition, featuring 210mm size, 600W+ power and N-type cells, to better serve its end customers with greater value.
Leading by brand’s global recognition
The global financial markets, authorities and the solar industry have demonstrated their absolute confidence in Trina Solar and its products. The company has scored 100% in the BNEF Bankability Survey for six consecutive years and rated AAA in the Q2 PV ModuleTech Bankability report by PV-Tech. The company has also been ranked as Top Performer by PVEL and named an Overall High Achiever by RETC in June.
Since it was founded 25 years ago, Trina Solar has shipped over 100GW of modules, generating green power for customers in more than 100 countries and regions, and dedicated to building a carbon-emissions free world.