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Trina Solar announces that its mass production of Vertex 550W ultra-high-power modules in Yancheng, Jiangsu province, has begun with the opening of a new manufacuting plant. The new Vertex factory was completed in 2020. It is equipped with advanced equipment and industrial facilities, and highly automated and intelligent operating systems.</p>
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On September 23, Trina Solar announced that it entered into an investment cooperation agreement with the Changzhou National High-tech Industrial Development Zone Management Committee and will be expanding its annual solar module production capacity by 15GW.</p>
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On September 16, 2020, Trina Solar Co., Ltd announced that the company's Vertex 600W/550W series ultra-high power modules had passed the comprehensive reliability test by TÜV Rheinland.</p>
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September 8, 2020—Trina Solar Co., Ltd. (“Trina Solar” or “the Company”) announced its acquisition of the remaining 49% equity in Nclave Renewable S.L. (“Nclave”) to make Nclave a wholly-owned subsidiary of Trina Solar.</p>
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Trina Solar Co., Ltd. (“Trina Solar” or the “Company”) has <strong>been regarded as bankable by all survey respondents</strong> in the <em>2020 PV Module and Inverter Bankability report</em> issued by BloombergNEF. With this report, Trina Solar is now the only module manufacturer to be rated as bankable for five consecutive years by 100% of the industry respondents participating in the annual BloombergNEF survey.</p>
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Trina Solar publishes half-year financial reports for 2020. It shows a sharp increase in sales of PV products and PV systems, which the company attributes to its years of operational experience and effective risk control mechanisms. Total revenue for the first six months of 2020 reaches RMB 12.55 billion, a year-on-year increase of 16.56%, while net profits—belonging to shareholders of the listed company—hit RMB 493 million, up 245.81% on the previous year.</p>
