Trina Solar Co., Ltd. (“Trina Solar” or “the company”), a leading global PV and smart energy total solution provider, has today announced its full year 2022 results. The company reported an annual global revenue of $12.645 billion (RMB 85.052 billion), representing an increase of 83.41% on 2021. Trina Solar’s main businesses, including PV products, PV systems and smart energy, all registered strong growth.
The company also unveiled that its module shipments in 2022 totaled 43.09GW and cumulative module shipments exceeded 140GW by the end of March 2023.
The figures for the European region similarly indicated an uplift in both revenues (up 141%) and modules shipped (125%), respectively.
Gonzalo de la Viña, President EMEA at Trina Solar, said: “Our strong growth was driven by increase across all our product and solution lines, infrastructure, and applications. Trina Solar’s business now exceeds $12 billion in annualised revenue. We remain the overwhelming market leader in a number of market categories and our technically advanced and highly differentiated business is driving the net zero revolution throughout the region.”
The independent new-energy research agency TrendForce said that the industry-wide number of cumulative shipments of 210mm modules, had exceeded 120GW by the first quarter this year. Trina Solar accounted for more than 65GW, ranking first in 210mm module shipments globally, with a market share of more than 50%.
Trina Solar’s high-performance 600W+ Vertex modules based on the 210mm product technology platform have become the preferred choice worldwide. By virtue of the advanced i-TOPCon cell technology and 210mm technology, Trina Solar has built a robust n-type ecosystem that can be applied in numerous settings, helping its customers reap benefits.
From the end of 2022, Trina Solar’s 210mm n-type i-TOPCon ingots, cells and modules came into mass production. By the end of this year, cell capacity will be 75GW and module capacity will be 95GW, including 40GW of n-type cells.
“Trina Solar continues to invest heavily in technological innovation. We obtained 173 new patents last year and we now own 1,159 patents. We are the technology leader and record setter and last year broke three world records for PERC cell efficiency as well as industrial large-area n-type i-TOPCon cell and module efficiency,” continued de la Viña.
Trina Solar’s Vertex modules have received LCA certification and a Carbon Footprint Certificate in 2022. In April, Ti Group awarded Trina Solar’s factory in Yiwu, Zhejiang province, a Zero Carbon Factory certificate, the first such certificate to be awarded to a photovoltaic company.
In addition, Trina Solar has won recognition from respected international institutions. It has scored 100% in the BNEF Bankability Survey for the past seven years and was given the highest ranking, AAA, for four consecutive quarters in the PV Tech Module Tech Bankability Ratings report, as of first quarter 2023.
About Trina Solar
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.
To date, Trina Solar has delivered more than 140 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 9.5GW 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.trinasolar.com.
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Michael Katz
E-Mail: michael.katz@trinasolar.com