Trina Photo voltaic says its photo voltaic panel shipments reached 65.21 GW in 2023. The Chinese language module maker achieved a turnover of $15.75 billion and a web revenue of $768.2 million in fiscal 2023, with an annual module manufacturing capability of 95 GW by the top of December.
Trina Photo voltaic stated it recorded $15.75 billion of income in 2023, up 33.32% 12 months on 12 months. Its web revenue rose 50.26% to $768.2 million.
Its whole PV module shipments reached 65.21GW in 2023, up 51.33% 12 months on 12 months. Its gross revenue margin on module gross sales hit 15.54%. By the top of March 2024, Trina Photo voltaic’s cumulative world module shipments surpassed 205 GW, with high-power modules based mostly on 210 mm large-size wafers accounting for greater than 120 GW of its whole shipments.
The corporate’s annual report highlighted important progress throughout varied enterprise segments, with residential PV system shipments reaching 9.6 GW, for a 54.8% year-on-year enhance. Its racking enterprise delivered 9.6 GW (together with 4.6 GW of trackers), marking a 118.2% year-on-year enchancment. Trina Photo voltaic stated it expects strong progress throughout these segments in 2024, with bold enterprise targets of 80 GW to 90 GW of module shipments, a 20% enlargement of its residential PV enterprise, and 50% progress in its racking enterprise.
Trina Photo voltaic’s manufacturing capability throughout polysilicon wafers, photo voltaic cells, and PV modules stood at 55 GW, 75 GW, and 95 GW, respectively, by the top of 2023. N-type TOPCon cells accounted for 40 GW of its photo voltaic cell capability. Trying forward, it stated it can scale up its manufacturing capability to 60 GW, 105 GW, and 120 GW for polysilicon wafers, photo voltaic cells, and PV modules, respectively.
Trina Photo voltaic’s gross sales of large-scale vitality storage containers and methods had penetrated six regional markets by the shut of 2023, together with China, Europe, Asia-Pacific, North America, Central and East Africa, and Latin America. Its cumulative cargo quantity reached almost 5 GWh. This 12 months, it stated it has solidified provide and strategic partnerships with vitality corporations corresponding to Low Carbon, Pacific Inexperienced, and EcoSourcen.
Trina Photo voltaic allotted $768.1 million for R&D initiatives in 2023, up 19.69% 12 months on 12 months. The corporate is actively engaged in 26 R&D initiatives, with a specific give attention to advancing vitality storage options. These initiatives vary from battery pack improvements to complete system integration options.
Trina Photo voltaic stated that short-term challenges stemming from value declines within the industrial chain as a result of heightened competitors may have an effect on enterprise profitability. Nonetheless, the corporate famous that built-in enterprises with robust management over downstream element gross sales can safeguard their upstream operations, set up value competitiveness, and increase market share.
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