Trina Solar mentioned its photo voltaic panel shipments reached 65.21 GW in 2023. The Chinese module maker achieved a turnover of $15.75 billion and a web revenue of $768.2 million in fiscal 2023, with an annual module manufacturing capability of 95 GW on the finish of December.
Trina Solar mentioned it can report $15.75 billion in income by 2023, up 33.32% yr over yr. Its web earnings elevated by 50.26% to $768.2 million.
Total PV module shipments reached 65.21GW in 2023, up 51.33% year-on-year. Its gross revenue margin on module gross sales hit 15.54%. By the top of March 2024, Trina Solar’s cumulative international module shipments exceeded 205 GW, with high-power modules based mostly on 210 mm large-size wafers accounting for greater than 120 GW of complete shipments. this.
The firm’s annual report highlighted important progress in numerous enterprise segments, with residential PV system shipments reaching 9.6GW, a 54.8% year-on-year enhance. Its racking enterprise delivered 9.6 GW (together with 4.6GW of trackers), marking a 118.2% year-on-year progress. Trina Solar says it expects robust progress in these segments by 2024, with formidable enterprise targets of 80 GW to 90 GW of module shipments, a 20% enlargement of residential PV enterprise, and 50% progress in racking enterprise.
Trina Solar’s manufacturing capability of polysilicon wafers, photo voltaic cells, and PV modules stands at 55 GW, 75 GW, and 95 GW, respectively, by the top of 2023. N-type TOPCon cells account for 40 GW of his photo voltaic cell capability. Looking forward, it mentioned it can enhance its manufacturing capability to 60 GW, 105 GW, and 120 GW for polysilicon wafers, photo voltaic cells, and PV modules, respectively.
Trina Solar’s gross sales of enormous power storage containers and techniques have entered six regional markets by the top of 2023, together with China, Europe, Asia-Pacific, North America, Central and East Africa, and Latin America. Its cumulative cargo quantity reached practically 5 GWh. This yr, it’s mentioned to have strengthened provide and strategic partnerships with power firms reminiscent of Low Carbon, Pacific Green, and EcoSourcen.
Trina Solar is allocating $768.1 million for R&D initiatives by 2023, up 19.69% yr over yr. The firm is actively engaged in 26 R&D tasks, with a selected concentrate on the event of power storage options. These tasks vary from battery pack improvements to complete system integration options.
Trina Solar mentioned that short-term challenges stemming from value reductions within the industrial chain as a result of elevated competitors might have an effect on enterprise profitability. However, the corporate famous that built-in companies with robust management over downstream part advertising can shield their upstream operations, construct value competitiveness, and broaden market share.
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