Related Links

  • Trina Solar
  • Elsevier Ltd is not responsible for the content of external websites.

News

Trina Solar’s net income doubles in Q3 2010

Trina Solar has more than doubled its net income to US$82.9 million in the third quarter (Q3) of 2010 compared to the same period in 2009.

Net revenues soared 104% to US$508.3m, and the operating income jumped 149% to US$113m, as solar module shipments grew 137% to 291 MW.

Jitan Gao, Trina Solar’s Chairman and CEO, says: “We have furthered our goal to build a globally recognised and trusted bran through raising the performance and reliability of our products to an expanding client base.

“As a result, we are increasingly becoming the supplier of choice in both established and emerging PV markets worldwide.

“We continue to see strong demand momentum into the fourth quarter and the outlook for 2011 is increasingly positive; we expect that demand for our products will outpace our planned capacity expansion in 2011.

“Our expansion will allow us to increase sales in high growth PV markets such as the United States and Japan, while expand our presence and sales in Australia and other emerging solar markets.”

Outlook

For the fourth quarter, Trina Solar expects solar PV module shipments to reach 300 MW, and that annual manufacturing yield of solar cell and module production could reach up to 1.1 GW in annual capacity.

For the full year 2010, Trina Solar expects shipments to reach around 1 GW, previously estimated to reach 900-930 MW, a 151% increase over 2009.

In the second half of 2011, Trina Solar says it will raise its annual in-house production capacity of ingot and wafer as well as PV cell and module production capacity to approximately 1.2 GW and 1.7 GW, respectively.

Share this article

More services

 

This article is featured in:
Photovoltaics (PV)  •  Policy, investment and markets  •  Solar electricity

 

Comment on this article

You must be registered and logged in to leave a comment about this article.