Risk management and diversity lead to stronger strength Trina Solar was approved in its bankability in 2020 by BloombergNEF, which is the only module manufacturer to be rated as bankable for five consecutive years.
The company's financial performance, which is an important indicator to evaluate the bankability, also affirms and strengthens Trina Solar’s high bankability across the world. Thanks to the continued acceleration of its globalized layout and constant enhancement of customer value through technological innovation, industrial synergy and channel construction, Trina Solar keeps growing prominently globally. “However, relying on Trina Solar's global brand influence, global market channels and concentrated effort, the company not only overcame the impact on production and logistics during the pandemic, but also achieved further market share gains in some markets."Īccording to the report, Trina Solar had operating revenue of $29.418 billion in the 2020 financial year, 26.14% more than in the previous year. "COVID-19 has brought very serious challenges to the PV industry as a whole,” Trina Solar said in its annual report. The company’s total module capacity reached 22GW in 2020, and module shipments reached 15.915GW, ranking third in the world, tally to the 2020 annual shipment guidance published in Q3 2020 by IHS Markit.īy the end of 2021 Trina Solar's total cell production capacity is expected to reach 35GW (of which 210mm cells will account for more than 70%) and it is expected to accomplish total module production capacity of 50GW, further consolidating its position as the 210mm module leader.įocus on customer value, higher market share The company had operating revenue of RMB 29.418 billion, 26.14% more than in 2019, and net income attributable to shareholders of RMB 1.229 billion. has published its 2020 full- year financial results.
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