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    688599   CNE100003ZR0

TRINA SOLAR CO., LTD

(688599)
  Report
End-of-day quote Shanghai Stock Exchange  -  2022-11-28
64.53 CNY   -0.57%
11/24At CIIE opening, Trina Solar chairman Gao talks about path to net zero emissions
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11/24Trina Solar scores 100% in 2022 BNEF Bankability Survey, 210mm modules taking the lead in bankability
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11/23Trina Solar scores 100% in 2022 BNEF Bankability Survey
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UL & RETC experts highlight Trina Solar Vertex modules' bankability and high reliability

09/27/2022 | 10:30am EST

On August 30, 2022, experts from Wood Mackenzie, Underwriters Laboratories (UL), RETC, and Trina Solar conducted an in-depth discussion about the bankability and high reliability of Trina Solar's 210 Vertex Ultra-high-power modules and the application of 600W+ globally. The discussion happened in the online webinar titled Analyzing The Key Bankability Indicators of Ultra-high-power, co-organized by Wood Mackenzie, UL, and Trina Solar.

UL studied the bankability of Vertex 600W+ modules, showing excellence

Bankability is one of project developers' most important indicators when purchasing solar modules. Solar modules with a high bankable rating make it easier for project developers to obtain bank financing. To get a rigorous and scientific bankability evaluation result, third-party institutions often conduct an all-dimensional investigation covering product shipments, financial status, reliability, factory audits, etc.

Shane Liew from UL, the world's leading independent advisory, testing, inspection, and certification organization, analyzed the bankability study report on Trina Solar's Vertex series modules, which shows their excellent reliability and compatibility performance, lower LCOE, and high-standard quality management system. UL also found that Vertex series modules are compatible with both utility-scale inverters and string inverters.

Moreover, the report found that, according to an LCOE study by Fraunhofer ISE, DNV, Enertis Applus, etc., compared with the 182-540W reference module, the Trina Solar Vertex 670W series module can reduce LCOE by 4.1%, and BOS costs by up to 6%.

Analysts from Wood Mackenzie, the world's renowned analysis institution, stressed that large format modules could result in a 5% CAPEX reduction. Besides, large systems take advantage of scaling to reduce these costs even further with high-power class modules.

After a rigorous review, UL concluded that the Vertex modules have fully reached the bankability rating and took the lead in all key indicators.

RETC proves high reliability of Vertex 600W+ modules

Daniel Chang, Vice President of Business Development Department of RETC, a leading independent test laboratory for photovoltaic and renewable energy products, analyzed the high reliability of Trina Solar's 600W+ Vertex modules.

The latest 2022 PVMI also shows Trina Solar's ultra-high power 670W series modules have demonstrated high reliability in:

DH2000 damp heat test

SDML composite load test

TC600 thermal cycle test

PAN file test

LID resistance test

LeTID resistance test

Thanks to excellent reliability, superb performance, and superior quality, Trina Solar's ultra-high power 670W series modules have passed a number of RETC tests that are significantly more rigorous than the IEC standard. Therefore, Trina Solar has been recognized as an 'Overall High Achiever'.

Under the goal of carbon peak and carbon neutrality, modules with high power, high efficiency, high reliability, and high energy yield are the inevitable direction of the PV market. Following this trend, Trina Solar released the 670W Vertex module in March 2021, leading the industry into the era of 600W+. Trina Solar shipped 18.05GW solar modules in the first half of 2022, ranking second worldwide according to InfoLink. Additionally, Trina Solar has shipped more than 30GW of 210 modules, taking a remarkable market share of over 50% in 210 module shipments. Trina Solar will continue to improve customer value and remains dedicated to building a carbon-emissions-free world.

Contact:

Americas

United States

Chile

Mexico

United States7100 Stevenson Blvd, Fremont, CA 94538

Phone: +1 800 696 7114

(C) 2022 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2022 83 108 M 11 610 M 11 610 M
Net income 2022 3 630 M 507 M 507 M
Net Debt 2022 9 264 M 1 294 M 1 294 M
P/E ratio 2022 38,6x
Yield 2022 0,65%
Capitalization 140 B 19 556 M 19 556 M
EV / Sales 2022 1,80x
EV / Sales 2023 1,36x
Nbr of Employees 17 586
Free-Float 37,8%
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Number of Analysts 7
Last Close Price 64,53 CNY
Average target price 82,70 CNY
Spread / Average Target 28,2%
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Managers and Directors
Ji Fan Gao Chairman & Chief Executive Officer
Sen Wu Chief Financial Officer
Yan Hong Jiang Chairman-Supervisory Board
Wei Liu Independent Director
Bai Ling Jiang Independent Director
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