Trina Solar ships 3.66 GW of solar modules in 2014

Jifan Gao, CEO and chairman, Trina Solar Photo econews

Trina Solar has shipped approximately 3.66 GW of solar modules in 2014, an increase of 41.9 percent from 2.58 GW in 2013.

In the fourth quarter, the company shipped modules of 1,098.8 MW, which includes 1,070.5 MW of external shipments and 28.3 MW of shipments to the Company’s own downstream power projects.

In the third quarter, the company’s total shipments were 1,063.8 MW, consisting of 936.8 MW of external shipments and 127 MW of shipments to its own downstream power projects.

In the fourth quarter 2014, Trina Solar has reported 14.3 percent increase in net revenues compared to the third quarter of the year.

Total net revenues for the year 2014 were $2.29 billion, an increase of 28.8 percent from 2013. Gross profit for the year was $385.6 million, an increase of 76.7 percent from 2013.

Net income for the full year was $61.3 million, compared with a net loss of $72.2 million for 2013

“We are pleased with our solid performance in the fourth quarter. We saw record shipment volumes, maintained our leading position as one of the largest solar companies in the world, and continued to increase our earnings quarter to quarter,” said Jifan Gao, chairman and CEO of Trina Solar.

The company is making significant progress in downstream business. Trina Solar’s project pipeline in China is expanding. The company also closed the sale of a 13.2 MW project in the UK in December 2014.

In the second half of 2014, the company strengthened its focuses on developing distributed generation (“DG”) projects in China.  It is also focusing on R&D to deliver high quality products to ensure their leading position in the highly competitive industry, Gao said.

In 2015, the company will focus on technological innovation and delivering the highest quality and diversified module portfolio, which will help them drive growth in an expanding market.

Rajani Baburajan

[email protected]