Trina Solar Reports A Successful Second Quarter

Trina Solar Panels

Trina Solar has reported an impressive second quarter, with panel shipments of 1,231.6 MW; 30.6% up year-over-year.

The company says the total consisted of 1,000.7 MW of external shipments and 230.9 MW for Trina’s own downstream solar power projects.

With regard to its own PV projects, Trina says 121.3 MW was connected to the grid during Q2. This consisted of 31.3 MW distributed generation systems and 90 MW of utility-scale projects in China. As of June 30, 2015 Trina said it had a total of 358.5 MW downstream operating solar farms.

“Our asset-light capacity expansion, cooperation with diverse partners in China and overseas, and efficient supply chain management have enabled us to maintain flexibility on the manufacturing side and capture both upstream and downstream growth opportunities while maintaining a strong balance sheet,” said Jifan Gao, Chairman and CEO.

“Looking ahead, we are expecting a historically strong year in the global solar market.”

For Q3, Trina expects to ship between 1,450 MW and 1,500 MW of solar panels, of which 170 MW to 190 MW will be destined for the company’s own projects. Trina forecasts the connection of 180 MW to 200 MW of PV projects to the grid in the third quarter of 2015.

The company has raised its guidance for 2015 total PV module shipments to 4.9 GW to 5.1 GW from its original guidance of 4.4 GW to 4.6 GW. Of this, 700 MW to 800 MW of modules will be shipped to its own projects. The total shipment volume represents an increase of 33.9% to 39.3% from 2014.

By the end of this year, Trina expects to have an ingot production capacity of approximately 2.5 GW, wafer production capacity of approximately 1.8 GW, PV cell capacity of approximately 3.5 GW and PV module capacity of approximately 4.8 GW.

More of Trina’s second quarter 2015 results can be viewed here.

Founded in 1997, Trina Solar has shipped more than 11 GW of solar modules since it began production in 2007.

Trina Solar panels are a popular choice in Australia for residential and commercial solar projects.