Dubai PR Network, Online Press Release from Dubai and Middle East
(Energy and Industry)
Filter PR by
Trina Solar Announces Its Q3 2022 Financial Results
Trina Solar Announces Its Q3 2022 Financial Results

Achieving Revenue of USD 8.8 Billion and Module Shipments of 28.79GW 

Dubai, UAE - 22 November 2022: Trina Solar (688599.SH), a leading global PV and smart energy total solutions provider, reported its third quarter 2022 financial results on October 30, announcing revenue of
about USD 8.8 billion (RMB 58.2 billion) in the first three quarters, up 82.56% year-over-year. 

Trina Solar said that by the end of the third quarter its module shipments for the year had totaled 28.79GW, tracker shipments totaled 2.8GW and energy storage shipments exceeded 300MWh. Trina Solar ranks first in the industry worldwide in the number of 210mm cell modules shipped. According to the third-party TrendForce, the industry shipped 50GW of 210mm cell modules by the end of the third quarter this year, and the shipments of 210mm cell modules had totaled 76GW from the time they went into mass production. 

In mid-October Trina Solar launched its Vertex N 595W for rooftops and utility-scale projects globally, adhering to the LCOE-oriented principle, inheriting the Vertex family’s four key competencies of higher power, higher efficiency, higher energy yield and higher reliability, with 30W higher than conventional n-type modules in the market, delivering lower BOS and LCOE to projects.

Trina Solar is committed to technical innovation and continues to lead the industry with n-type technology. In August the company once again broke a world record by setting the aperture module efficiency of Vertex n-type module at 24.24%.

The new generation of Vertex N modules will be in mass production by the end of this year, more than 10 GW of n-type modules capacity is expected to be released by the first quarter of next year, and 20GW to 30GW of capacity is expected to have been put on the market by the end of next year.

The Vertex S Aesthetic Module, an upgraded product for residential market, defines the category of aesthetic black solar modules through all-around top and precise technology, including cells, bus bars, back sheets, frames, glass, modules, and packaging, delivery, unpacking, and installation in rooftop scenarios. The high-standard design is aesthetically appealing in every detail, aiming to provide customers with an enjoyable experience of high technology and aesthetics that co-exist in harmony.

Helena Li, Senior VP at Trina Solar said: “Trina Solar has always been committed to serve global customers with clean and low-carbon products. We will continue to progress through technological innovation and provide customers with high performance and high value products, for a wider range of PV application all around the world.”

Thanks to Trina Solar’s excellent product performance, technological innovation and stable financial performance, it has won recognition in the financial market and from renowned institutes. Trina Solar was once again given the top AAA ranking in the latest Module Tech Bankability Ratings report by PV-Tech for the third quarter of 2022. In addition, Trina Solar has scored 100% in the BNEF Bankability Survey for six consecutive years, and Vertex modules have rated consistently highly in the Bankability Study For Trina Solar PV Modules by UL.

The development of 210mm cell modules, including 600W+ ultra-high power modules, continues its strong push worldwide, and TrendForce says the industry has accelerated into the 600W+ era, with G12 cell (including G12R) +n-type cell technology becoming the mainstream technology for new generation of high-efficiency modules. 

According to TrendForce, by the end of 2023, the production capacity of large modules will account for 89% of modules worldwide. Of that, the capacity of 210mm cell modules is expected to reach 466GW, accounting for 57% of all modules. The dominance of 210mm cell modules will continue to grow from 2023 and capacity of 210mm cell modules will account for 66.04% by the end of 2025. 

Posted by : Editorial Team
Viewed 4317 times
PR Category : Energy and Industry
Posted on : Tuesday, November 22, 2022  2:42:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of
Previous Story : Exalto Emirates supports UAE Energy Strategy 2050 through En...
Next Story : Empower: District Cooling Contributes to Combating Climate C...
Email this article Print this article

Share this article with your friends and followers
Back to Section Home

Related Stories

Most Viewed Press Release posted in the last 7 days
Discover My Olivanna's Super-Fruit Powered Skincare [5670-Views]
As Unique as your LOVE [5400-Views]
Tanishq Regional Expansion Gains Impetus with Its First Store in UAE's Capital [5396-Views]
New Year, New Me with essence Products [4408-Views]
Emirates Post Group Collaborates with Egypt Post to Launch New Stamp that Celebrates 50th ... [4280-Views]
CBI Net Profit Increases by 15% to AED 150 million in 2022 [4002-Views]
Spring 23 Women's Collection [3981-Views]
Embrace this New Year with Catrice [3924-Views]
Direct TT Granted SCA License for Financial Consulting and Financial Analysis in the Unite... [3797-Views]
Saudi Delegation Highlights Kingdom's evolving Global Growth story at World Economic Forum [3604-Views]
Dubai Jewellery Group's Live the Glitter Campaign Rewards 64 UAE Residents with a Total of... [3596-Views]
AWS and Masdar City Free Zone Collaborate to Accelerate Growth of UAE Startups [3485-Views]
ADSW 2023 Highlights Role of Private Sector to Sustain UAE's $43bn Investment in Clean Ene... [3395-Views]
Saudi Arabia joins WEF Jobs Consortium to Promote better Future of Work [3374-Views]
Alexander McQueen the Curve Sunglasses [3346-Views]
SAP Announces Q4 and FY 2022 Results [3300-Views]
A Delicate Craft by Lindberg [3227-Views]
Etihad Cargo Boosts China Capacity with Additional Shanghai Freighter Service [2911-Views]
Abu Dhabi Distribution Company Unveils AED 20 Million Investment to Reduce Electricity Con... [2825-Views]
Dubai's First Accredited Centre of Excellence in Endometriosis, Emerges at Medcare Women &... [2792-Views]
More Events Target Clients on 3rd day of 6th Dubai Customs Week [2763-Views]
Sunday Market Brunch at Le Gourmet gets Chinese Twist on Jan 22 [2657-Views]
Adnoc Distribution to Decarbonize Operations and Reduce Carbon Intensity by 25% by 2030 [2620-Views]
myAster – Region's 1st Integrated Healthcare Platform crosses 352k Downloads since Phase I... [2612-Views]
Discussed and On Display: Digital Innovations and Protective Clothing in Focus on Final Da... [2604-Views]
RSS Facebook Twitter LinkedDin on Instagram
Top Sections
Top Stories