Trina Solar Co., Ltd. ("Trina Solar" or the "company"), a leading global PV and smart energy total solution provider, has once again made it to the list of tier 1 PV module makers in the Bloomberg New Energy Finance market outlook for the second quarter, thanks to its outstanding reliability, 100% bankability and expanding production capacity. With the AAA rating, the highest category in the PV ModuleTech Bankability report published last week, Trina Solar has become the only module supplier achieving both AAA rating by PV Tech and tier 1 PV module maker by BNEF.
BNEF has developed a tiering system for PV module products based on bankability and a set of strict criteria, to create a transparent differentiation between the hundreds of manufacturers of solar modules on the market. Trina Solar’s continued presence on the tier 1 list demonstrates global industry recognition of its quality modules, brand credibility and strong market competitiveness.
Reliability: Passing rigorous tests of PVEL and RETC
The outstanding performance of Trina Solar 210mm Vertex modules has been thoroughly confirmed by the comprehensive and stringent test sequences. The 210mm Vertex modules have been tested by PVEL, RETC and many other world-renowned third-party reliability testing agencies. The entire Vertex series, including 600W+ ultra-high-power modules, have passed PVEL's Product Qualification Program test sequences, and for the eighth year in a row Trina Solar was named top performer. Among the companies on the Tier 1 list, only seven took part in both tests, Trina Solar being one of them.
Bankability: 100% and AAA rating validating global trust
Trina Solar has earned the trust and recognition of customers worldwide with its highly reliable products, and its bankability remains at the top level. Trina Solar scored 100% in the BNEF Bankability Survey in each of the six years to 2021 and is a tier 1 PV module maker, following the AAA rating in the PV ModuleTech Bankability report last week.
Production capacity reaching 65GW in 2022
Trina Solar said in its financial report for 2021 that it plans to reach 65GW in module production capacity this year. PV InfoLink projected early this year that 210mm cell capacity will reach 297GW in 2022, and module capacity will rise to 300GW. The new capacity is essentially the result of 210mm downward compatibility, indicating that use of the 210mm cell format has become an industry trend.
As a leading global PV and smart energy total solution provider, Trina Solar has long been committed to advancing technology research and development, and facilitating the application and popularization of green energy worldwide.
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.
Media enquiries:
Trina Solar Europe
Michael Katz
Tel.: +49 89 122 8492 60
E-Mail: michael.katz@dgfurong168.com