Trina Solar Co., Ltd. ("Trina Solar" or the "company"), a leading global PV and smart energy total solution provider, has stressed its clear commitment to leading the industry towards new levels of sustainability in every sense of the word. In a session themed The Road to a Sustainable Future with a number of major renewable energy investment companies, hosted by BloombergNEF at the Bloomberg European headquarters in London today, Trina Solar outlined its vision for advancing the way to a net-zero future by providing smart solar energy solutions.
The European Trina Solar team highlighted technological innovation, world-class quality standards, sound policies and knowledge sharing as key drivers for achieving a sustainable business and future-proofing Trina Solar’s leadership in the PV industry. The company’s strategy actively support all relevant global Sustainable Development Goals (SDG) shaped by the United Nations (UN). In addition, Trina Solar has joined the Science Based Targets initiative (SBTi), contributing to the common goal of limiting global warming to 1.5°C.
Since the sustainable investment community demands supplier transparency as part of their own reporting standards, Trina Solar has been publishing annual CSR reports for many years. This year the company has been one of the first to adopt ESG (Environmental, Social and Governance) reporting standards. As outlined during today’s event, as well as in Trina Solar’s latest ESG report, the company’s sustainable development path can be divided into the three broad categories of environment, society, and products & solutions.
Environment
Trina Solar is aiming to achieve 100% renewable energy use in manufacturing and operations by 2030, aligned with the UN’s SDG 7. By 2025, the company will cut greenhouse gas emission intensity of solar PV products by 50%, while reducing its energy and water consumption in production by at least 40% and 20%, respectively. Today, Trina Solar’s total carbon emissions during production, operation and R&D are remarkably less than total carbon emission offset by green electricity generation through Trina Solar PV stations, PV roof electricity generation, green electricity purchase and energy conservation.
Society
Fully aware of its social responsibility as a big global solar PV player, Trina Solar has introduced strict supply chain management systems, ensuring full compliance with industry standards and the regulations of each market. The company integrates EHS (environment, health, and safety) and corporate social responsibility into all stages of the product life cycle.
Moreover, Trina Solar is pursuing a stronger vertical integration in its new manufacturing bases such as the integrated N-type factory in Qinghai province, China. The factory covers almost the entire PV manufacturing chain from polysilicon production to modules, thus inherently achieving maximum supply chain traceability.
Products & Solutions
Trina Solar is converting its entire annual module manufacturing capacity of currently 65+ GW to 210mm Vertex modules. The 210 Vertex family products (410–670W) have achieved an industry leading low carbon emissions assessment through ISO’s LCA (life cycle assessment), and carbon footprint qualification by renowned third-party certification bodies such as UL, EPD and Certisolis.
Recently announced to the market, the new Vertex N module, featuring N-type TOPCon cells, has the best potential to make a positive impact on carbon emission reduction, as well as levelized cost of electricity. Trina Solar is currently ramping up new capacity of Vertex N based on the latest 210mm cell technology, which will be fully available and delivered to utility projects in Q1/2023.
It goes without saying that Trina Solar’s long-lived practice of setting highest test and quality standards, backed by a comprehensive product warranty, are the best means to ensure longevity and reliability, as well as maximizing positive impact on the environment; resulting in world-class bankability ratings by BloombergNEF and other major players.
Driving transformation from the top
“The environmental challenges ahead of us require a major shift in mindset and leadership. The UN has defined clear Sustainability Development Goals, driving transformation from the top. Likewise, Trina Solar senior management has shaped a sustainable way of doing business from the beginnings of the company 25 years ago. We are fully aligned with the UN’s defined goals, and are contributing actively to reaching them”, says Gonzalo de la Viña, Head of Europe at Trina Solar.
De la Viña added, “As part of the PV industry, our responsibility and commitment is to drive technological innovation along the value chain to push for the transition into a carbon-free world. Our customers, especially renewable energy investors, have a high and increasing demand for ESG related information, not least because they are required to report on these topics to their own stakeholders. At Trina Solar we are more than ready to provide maximum transparency and traceability, because our sustainable way of doing business is deeply engrained in our DNA.”
Trina Solar's 2021 ESG report can be downloaded here: http://bit.ly/3VlXRj7
Image: http://bit.ly/3RWdDy0
Caption: Earlier this year, Trina Solar published its ESG report for 2021, making the company one of the first major industry players to adopt this reporting standard.
Source: Trina Solar
About Trina Solar (688599.SH)
Trina Solar was founded in 1997. As a global leading provider for photovoltaic (PV) module and smart energy solutions, Trina Solar delivers PV products, applications and services to promote global sustainable development. Through constant innovation, Trina Solar continues to push the PV industry forward by creating greater grid parity of PV power and popularizing renewable energy. Trina Solar's mission is to boost global renewable energy development around the world for the benefit of all of humanity.
To date, Trina Solar has delivered more than 100 GW of solar modules worldwide. In addition, Trina's downstream business includes solar PV project development, financing, design, construction, operations and management, and one-stop system integration solutions for customers. Trina Solar has connected over 5GW of solar power plants to the grid worldwide. Trina Solar first launched the Energy IoT brand in 2018, and is now aiming to be a global leader in smart energy. In June 2020, Trina Solar listed on the STAR Market of Shanghai Stock Exchange. For more information, please visit www.dgfurong168.com.
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Michael Katz
E-Mail: michael.katz@dgfurong168.com