Trina Solar Limited, a global leader in photovoltaic ("PV") modules, solutions, and services, today announced that its accumulative shipments since 2005 have exceeded 15 GW as of the end of Q3, 2015, marking a significant milestone for the Company.
Trina Solar's efforts in expanding its presence in key markets across the globe, leveraging on its innovative high-quality solar products, strong sales network and brand recognition, have enabled the Company to capture numerous opportunities as solar is becoming one of the world's major sources of electricity. With the support of its worldwide customers, the Company has increased its market share from approximately 1% in 2005 to more than 10% anticipated in 2015.
Mr. Jifan Gao, Chairman and CEO of Trina Solar, said, "We are extremely pleased to have reached the 15GW milestone in 2015 alongside our significantly increased global market presence. In addition to expanding our total shipments, we continued to exercise strong financial discipline in managing our balance sheet by carrying out a relatively asset light strategy when making capacity investments, and at the same time continued to improve our operating margin. Trina Solar has proved its position in the solar industry as a leading module manufacturer, and at the same time a world-class downstream player.
"We are very pleased to say that the modules that we shipped in the past ten years have been installed in various projects worldwide, which could reduce estimated 18 million tons of carbon dioxide emissions a year with each module fully functional, equivalent to planting approximately 13.3 billion square meters of trees. Looking ahead, we will continue to contribute to reduce adverse climate change worldwide by innovating and promoting the PV industry. I believe our commitment to providing affordable, clean and renewable energy to all people around the globe will allow us to achieve our mission of benefitting mankind with solar energy."
Source: Trina Solar Limited
Date: Nov 23, 2015