CHANGZHOU, China, July 5, 2016 /PRNewswire/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a global leader in photovoltaic ("PV") modules, solutions, and services, today announced that it has achieved an average efficiency of 21.1% for its industrially-produced P-type monocrystalline cells (156 x 156 mm2) with Passivated Emitter and Rear Cell ("PERC") technology, and that the solar modules using these high-efficiency cells reached an output power of 300W (60 psc cells). The results, tested by the Company, underscore Trina Solar's continued leading global position in manufacturing advanced crystalline silicon solar products.
Built with advanced rear passivation technology, the P-type monocrystilline PERC cells were fabricated on a large-size industrial boron-doped Cz-Si substrate and were developed on the Company's "golden" pilot production line with standard industrial production materials and processes. This is, once again, a major efficiency improvement breakthrough for the industrial monocrystalline PERC cell, demonstrating Trina Solar's technological strength in converting laboratory technology into mass production.
Dr. Pierre Verlinden, Vice-President and Chief Scientist of Trina Solar, commented, "We are proud of our latest achievement in attaining an average conversion efficiency rate of 21.1% for our monocrystalline PERC cells that were industrially produced by applying our laboratory world record PERC cell technology. We will not stop here as we continue to relentlessly develop low cost yet highly efficient solar products."
Dr. Zhiqiang Feng, Vice-President of Trina Solar and Director of the State Key Laboratory of PV Science and Technology, added, "Our goal has always been to focus on technological innovation and to transfer our best laboratory technology to commercial production as we look to develop highly efficient solar products to further reduce the Levelized Cost of Electricity (LCOE). As demand for high-efficiency cells increases, our R&D team's achievement in raising the average efficiency of our industrially-produced monocrystalline PERC cells will help accelerate the applications of high-efficiency solar products and build a solid foundation for further reductions in the LCOE. These efforts should help bolster the widespread adoption of solar energy on a global scale as well as enable the earlier arrival of grid parity."
About Trina Solar Limited
Trina Solar Limited (NYSE:TSL) is a global leader in photovoltaic modules, solutions and services. Founded in 1997 as a PV system integrator, Trina Solar today drives smart energy together with installers, distributors, utilities and developers worldwide. The company's industry-leading position is based on innovation excellence, superior product quality, vertically integrated capabilities and environmental stewardship. For more information, please visit www.trinasolar.com.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to raise additional capital to finance its activities; the effectiveness, profitability and marketability of its products; the future trading of the securities of the Company; the Company's ability to operate as a public company; the period of time for which the Company's current liquidity will enable the Company to fund its operations; general economic and business conditions; demand in various markets for solar products; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.