WHAT WE DO
Trina Solar produces and commercializes a wide variety of photovoltaics (PV) modules, both monocrystalline and multicrystalline, with power outputs ranging from 165W to 230W. Adapting our product range to meet market demands allow us to provide our customers with a broader range of solutions.
Trina Solar research, development and manufacturing of ingots, wafers, cells and solar modules are conducted at its facilities in Changzhou, China, where Trina Solar occupies a site of approximately 152,526 square meters. Trina Solar's ongoing expansion plans include adding approximately 161,475 square meters to its existing facilities to increase its production capacity. With this phase of expansion, expected to be complete by 2010, Trina Solar expects to increase our total annual production capacity from ingots to solar modules to 350 MW by the end of 2008 to 600 MW by the end of 2009.
Trina Solar sells and markets its products in number of European counties, such as Germany, Spain, Italy, Netherland, France, and Belgium, where government incentives have accelerated the adoption of solar power. Trina Solar also targets in emerging PV markets such as France, the United States, South Korea, India, Australia, China and Mongolia. Trina Solar sells its products to distributors, wholesalers and PV system integrators around the globe.
Trina Solar's increasingly global presence includes offices in China, Germany, Spain and the United States, as well as a team of local sales managers in key countries in Europe and Asia to provide our customers with timely and professional service. In addition to this, Trina Solar also offers after-sales technical service support to its Asian, European and North American customers.
Trina Solar has long-term partnerships with leading equipment suppliers in Switzerland, Italy, Germany and the United States who provide the latest technology for our production facilities. These partnerships are another quality guarantee for our customers and enable us to continue to provide clean, reliable solar energy solutions for your future.
Trina Solar has received investment from a number of internationally recognized investors including Milestone Capital, Good Energies, and Merrill Lynch. These investments served as the starting point for the company's globalization and were vital to ensure brand expansion. The listing in the New York Stock Exchange (NYSE) in December 2006 and the subsequent follow-on offering in June 2007 have allowed Trina Solar to successfully execute its expansion plans, guarantee a rapid increase of production capacity and ensure procurement of raw materials. At the same time, the listing in the NYSE and support of international investors has allowed the company to attract talent from around the world. Today, Trina Solar has a team with employees from over a dozen nations with significant PV industry experience, who contribute each day to the success of the company.
Trina Solar net revenues have increased rapidly in recent years. In 2007, Trina Solar net revenues were $301.8 million compared to $114.5 million in 2006. Trina Solar net revenues increased primarily due to our increased sales and manufacturing capacity as demand for our products remained strong. In addition, Trina Solar recorded net income from continuing operations of $35.4 million in 2007 compared to net income of $13.2 million in 2006. |
HOW WE DO IT
Trina Solar has successfully developed into a leader in the PV industry based on its strong, vertically integrated business model, producing its own ingots, wafers, cells and modules in-house. The control and efficiency achieved from this integrated value chain helps to continuously improve the production process as well as ensure high quality products to our end customers. This commitment to quality is one of the cornerstones of our long-term partnerships. As we are committed to improving efficiencies and competitiveness, we also look to partner with downstream companies who share those same values, working together to bring solar PV mainstream. |
