Trina recognized as leader in production and bankability
- Industry News
Two industry studies from independent news outlets have found Trina Solar is leading the global market in production and bankability.
According to an analysis by PV-Tech, Trina was the No.1 manufacturer of photovoltaic modules in 2015. This marks the second consecutive year Trina Solar outpaced all other solar panel manufacturers in terms of module shipments. The PV-Tech evaluation examined performance data from 45 leading manufacturers during the first nine months of 2015 and found Trina's production capacity surpassed its closest competitor by nearly 1 gigawatt, based on third quarter projections.
According to PV-Tech Senior News Editor Mark Osborne, Trina's ranking came as no surprise. Osborne further predicted Trina will likely secure the No.1. spot again in 2016, making it the first company to hold the top position for three consecutive years, which he noted was "a remarkable feat."
Since 2007, Trina has shipped more than 15 gigawatts of solar generating power to homes, businesses and power plants worldwide. In the third quarter of 2015, the company's total module shipments increased 60.1 percent year over year. Trina also raised its guidance for total module shipments in 2015 to 5.5 to 5.6 GW, an increase over original projections of 4.9 to 5.1 GW. These new estimates reflect an increase in production of more than 50 percent from 2014.
Trina will release its fourth quarter and full year 2015 performance numbers March 3.
Trina recognized for bankability
Additionally, a survey conducted by Bloomberg News Energy Finance found Trina was the most 'bankable' PV module manufacturer globally. The survey polled PV stakeholders including banks, technical consultants, engineering contractors, asset managers and independent power producers and asked them to assess the bankability of 50 different solar panel manufacturers. Trina was the only company considered bankable by 100 percent of respondents.
"Trina was the only company considered bankable by 100 percent of respondents."
The Bloomberg study also found Trina panels were used in more debt financed projects than any other manufacturer's since the start of 2014.
Commenting on the results of the survey, Trina Chief Financial Officer Teresa Tan noted the Bloomberg findings were further confirmation of Trina's position as a leader in the renewable energy sector.
"Trina Solar prides itself on the sustainability and strength of its way of doing business and this latest acknowledgement of our leading bankability comes as an award for our efforts," Tan said in statement. "We always strive to deliver bankable PV solutions that are innovative and that will provide the best returns for our customers. We have invested heavily, and will continue to invest, in the quality and performance of our PV modules to ensure that they can deliver the highest yields in the short and long term."
Since being founded in 2007, Trina has remained committed to innovation, superior product quality, vertically integrated capabilities and environmental stewardship. As the world's largest solar panel manufacturer, Trina will continue to leverage its market-leading position to pursue the growth of renewable energy in established and emerging markets.
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